Receivership Services

LORICO can reduce the exposure to a lender and decrease management costs by being designated as a court or creditor appointed receiver for distressed real estate assets. When appointed receiver, LORICO has a singular focus on asset stabilization and cost controls to preserve and maximize the value of real property assets. LORICO specializes in assessing asset conditions and developing repositioning plans, while a property is in receivership.

LORICO’s receivership services include:

• Stabilization of property operations and retention of tenants
• Development and implementation of value added strategies and repositioning plans
• Oversight and direction of on-site property management team, if applicable
• Evaluation and creation of marketing, advertising, and leasing strategies
• Creation and implementation of an optimal exit strategy
• Generation of and updates to periodic reports to evidence assets stabilization during pendency of bankruptcy or other applicable
• legal proceeding.