Receivership, Lease-up & Sale

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The Challenge

arrow53 Unit Portfolio Consisting of 2 sites spread across 5 buildings

 

 

arrowREO property, with a goal to lease up and Sell as soon as possible


 

arrow51% physical occupancy at take-over


 

arrowMajor Flooding and Water Damage

 

Balconies

The Solutions

Building

arrowUpon take-over, staffed property immediatly

 

arrowImplemented cost effective, but

aggresive marketing plan to drive leasing traffic

 

arrowWorked closely with Income Property Organization to broker the sale of the property

 

arrowPrepared property for sale by maximizing revenue, dressing up grounds and common areas

The Results

 

arrowTake over, stabilization and sale of property achieved in 9 months

 

 

 

arrowAchieved 100% occupancy within 4 months of management take over

 

 

 

arrowSold for nearly $30,000 per unit in June '09

 

Take-over,

Stabilization & Sale

in 9 Months!

Contact Us Today to Maximize your Investments!