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Receiver Asset Managerment Services

We at Caspian Group are well positioned to help conventional and private lenders to deal with Asset preservation and property management. We can help you with the following

  • Foreclosure management services
  • Court Appointed Receiver
  • Oreo Asset Management
  • Distressed Real Estate Workout Strategies

Caspian Group Companies Process

We believe that selecting a qualified, competent and professional asset manager or receiver is integral to protecting and maximizing the value of our clients’ commercial assets. Critical decisions concerning the stabilization and growth of an asset cannot be made in a vacuum. Instead, we present options for our clients’ consideration that are based upon a thorough evaluation of the asset’s history, market positioning, facility/property condition, tenant/ resident constitution and financial position. We believe that the ongoing improved health of your property and its successful disposition is achieved through a critical assessment of these existing conditions, and the execution of a decisive management plan based on improving all aspects of the asset and positioning it properly for sale.

Our objectives are to assess the asset’s conditions, manage the property professionally, aggressively and proactively stabilize the asset, maintain and improve its value through the management process, and successfully lease up or sell the asset for maximum value and loan recovery. As long time owners and managers of third party commercial and residential assets, OCI has an existing established infrastructure providing effective asset management and extensive industry relationships required to sustain the ongoing health of an asset.

Asset Management and Receivership Strategy Outline

I. Property Stabilization—physical and accounting review of property
• Physically inspect property and facility
• Secure site and building access
• Re-connect utilities: electric, gas, phone
• Test and monitor mechanical systems
• Review and maintain existing property covenants, if applicable
• Obtain casualty insurance
• Assemble property file
• Contact tenant(s) and condominium association, if applicable

II. Asset Management—enhance and reposition the property management of property
• Establish operating budget
• Maintain accounts payable and accounts receivable
• Obtain third party reports including: title, legal, building condition, appraisal, market studies, etc.
• Prepare budgets and property analysis to assist lender or owner in establishing values of property
• Maximize and maintain occupancy, if applicable
• Pay and review real estate taxes • Schedule required property maintenance, repairs or construction completion as require

III. Opportunity Assessment—evaluate market conditions & establish direction
• Conduct local market overview
• Provide competitive property overview
• Review third party reports
• Review and confirm existing zoning and entitlements
• Review and confirm existing incentives such as TIF, Historic Tax Credits, Enterprise Zone, Business District, etc
• Prepare redevelopment proforma

IV. Strategy—establish stabilization and disposition strategy
• Establish client objectives and priorities
• Stabilize and improve tenant mix
• Evaluated existing tenant leases and renewal strategies
• Create action plan alternatives, including timeline and budget for recommended strategy
• Prepare and present cost/benefit/risk analysis
• Obtain required client approvals prior to implementation of action plan items

V. Property Disposition—execute client approved plan
• Prepare property for marketing and execution of marketing strategy
• Compile and create marketing materials
• Identify target buyer market(s)
• Provided brokerage services, if applicable , for sale to investor or developer, or establish Joint Venture between client and local operating partner
• Interview, hire and oversee third party broker specializing in a particular industry area, if applicable and approved by client
• Monitor sales process and provide weekly updates to client
• Manage the closing process

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Minnesota.

info@caspianrealty.com

    Office - (952) 797-9999  |  Leasing - (651) 353-1266

    7401 Bush Lake Rd Edina, MN 55439

    Our vision is to build a company with the culture of radical integrity and thoughtful humility, where meaningful work and meaningful relationships will allow each member of our group to achieve their highest potential.

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