Troubled Assets

Receivership, Bankruptcy and REO Management

Successfully managing distressed real estate requires a high level of expertise, focus and a specific skill set. We have extensive experience serving as bonded court-appointed receivers, managing agents for bankruptcy trustees and as managers of lender’s real estate owned property (REO).

Alder has responded to requests for help from some of the world’s largest banks and special servicers.

Stabilizing Troubled Assets and Maximizing Recovery

We provide services for all types of commercial and multi-family properties. Our deep knowledge and experience allows us to effectively collaborate with client’s attorneys, for example, ensuring that an Order appointing the receiver provides the specific provisions and authority to complete a smooth transition.

Our goal is to prevent economic and physical deterioration and determine the best strategy to retain and maximize recovery and asset value. Our services for troubled real estate include:

  • Serving as bonded court-appointed receivers
  • Assisting bankruptcy trustees with property management services
  • Collaborating with lenders’ attorneys
  • Developing strategic plans for lenders and owners
  • Taking control of the property, including cash flow, security deposits, bank accounts and inventory
  • Assessing all physical property and identifying any life safety concerns
  • Reviewing insurance coverage and identifying unpaid property taxes
  • Directing and supervising the property management and leasing teams
  • Providing comprehensive financial reporting to the court, lender, and borrower