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Asset Management & Liquidation of Bank-Owned Land and Feed Lot

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Home·Asset Management & Liquidation of Bank-Owned Land and Feed Lot

The Situation

Our experts were engaged in serving as interim leaders for a bank-owned dairy farm and feed lot.

How We Advised

As Interim Managers, our experts 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.

Our key actions resulting in the successful recovery for the bank included:

  • Took possession of the property.
  • Negotiated a new lease with the current operator to establish payment terms and move out timing to maximize value.
  • Listed the property for sale and ran a competitive marketing process.
  • Negotiated the sale contract and coordinated escrow and other closing requirements.
  • Monitored on-site activity throughout the process, including all permits, property-level accounting, environmental monitoring (soil, well, air) and operator’s waste management protocols.

Key Contact

David Kieffer
Senior Managing Director
Strategic Advisory Practice
+1 213 235 0602
[email protected]

Related Practice Areas

> Chief Restructuring Officer (CRO) and Interim Management Services
Our experienced C-suite interim executives advise and support companies in financial distress, experiencing hypergrowth, or that are challenged by critical vacancies among senior leadership. Whether the leadership void results from operating challenges, a recent officer resignation, the need for added support during busy periods, or during an extended job search for the right permanent hire, our experienced executives provide immediate relief and value.

 

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Navigating the many challenges confronting a company in transition requires an operationally focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. Drawing upon decades of experience in the turnaround space, we help companies in transition identify practical strategies to improve profitability and liquidity for immediate relief, while concurrently developing and executing a comprehensive turnaround plan for long-term, sustainable value creation.

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