Receiverships - An Essential Service During Challenging Times

     As a financial or legal executive, you may find yourself faced with making decisions on how to best protect distressed commercial real estate assets. To maintain compliance and ensure diligence is conducted, lenders and servicers often rely on professionals well-versed in the Receivership process. Commercial Property Receivership experts provide essential skills and services that can assist to minimize losses, preserve property values, and avoid unnecessary risks.

    NAI Isaac’s top three tips for navigating the Receivership process are:

• Receivership professionals should be able to customize a service plan tailored to your asset.  The Receivership process often contains nuances that need to be considered when working to minimize loss and stabilize value.

• Receivership professionals should be able to assemble an experienced team that can manage, maintain, and protect a property’s value. NAI Isaac can accomplish this by utilizing our in-house team of property managers, maintenance staff, accounting staff, leasing and/or sales agents as needed.

• Ask for references. Ensure the Receiver professional you work with possesses the commercial property Receivership experience required by requesting references.

    Receivers operate as a fiduciary and agent of the court whose duties may include taking over the day to day operations of assets to preserve and protect the property. NAI Isaac’s Receivership and troubled asset support team possess years of Receivership administration and distressed asset management. NAI Isaac has provided support solutions for many local, regional, and national lenders as well as national special servicers.

    NAI Isaac offers a comprehensive approach to troubled asset management, support, and the disposition process. Learn more about our Receivership and troubled asset support solutions today. Contact us at info@naiisaac.com anytime to inquire about our services.