As Receiver, we managed operations and cash flow of the 40,000+ acres of timberland for two years then sold the property for $172MM in an all-cash transaction, exceeding the owner’s expectations by 50%.
The Bottom Line: The owner of six large office buildings in the Central Business District of Midland, TX stipulated to the appointment of a receivership. Stapleton Group was selected to take control of the portfolio as Receiver and lead the sale of the leveraged buildings. Actions: As Receiver, we successfully took over operations, deployed a […]
The Bottom Line: The owner of a 40-unit, class C, apartment building in Copperas, TX and land in Temple, TX had defaulted on its secured loan by mismanaging the properties. The apartment building had become severely dilapidated with environmental problems and squatting tenants. Actions: As Receiver, Stapleton is evicting certain tenants, eradicating pests throughout the […]
[SEC v SiliconSagebuilders, LLC, et al.] Receiver of insolvent, full-service real estate developer with $300MM in liabilities and 12 diverse, incomplete projects.
As Receiver of a new school, completed construction, obtained the certificate of occupancy, marketed the property, and maintained it for two years until its successful sale to the local school district for $20 million.
As Receiver, Stapleton improved the secured lender’s recovery by more than 100% by leasing the property and then selling it in a competitive process.
Stapleton optimized the value of a bank-owned dairy farm operating as a feed lot and sold it in a competitive process. We maximized the bank’s recovery by negotiating a new lease with the current tenant prior to selling the property.
Achieved a recovery for investors in a San Francisco Bay Area real estate investment fund that had made bad loans to unproven, opportunistic developers to buy, renovate and sell real properties.
Appellate Court appointed Stapleton receiver of $409MM Lead Paint Abatement Fund awarded to 10 California municipalities after six-month competitive process among ten qualified receivers.
As State Court Receiver of a partially burned, non-operational hotel property with asbestos located in Sacramento, California, we successfully achieved a loan recovery for the lender. Upon determining it was cost-prohibitive to rebuild, we pursued a Receivership Sale. This solution eliminated any future environmental liability risk for the lender that could have resulted from a foreclosure. […]
