Case Studies
J.S. Held Acquires Element Forensic Engineering, Expanding Insurance-Focused Capabilities for Mid-Market and Large Loss Property Claims Across Canada
Read MoreA regional shopping center in Southern California spanning 450,000 sq. ft. was facing foreclosure due to complex entitlement issues related to pending development projects, significant delinquent special tax issues, high vacancy rates, and outstanding operational payables. Its senior secured lender pursued receivership to optimize the property’s operations, protect its collateral, and maximize its recovery.
Serving as court-appointed receiver, our team preserved the secured lender’s collateral by operating the large retail center and stabilizing cash flow. We advised the secured lender regarding redevelopment entitlements, managed a potential sale of the property, and delivered complex projections for various redevelopment opportunities for the lender’s benefit prior to foreclosure. Our strategic process included:
> Receiverships
Federal and state courts, creditors, and legal counsel choose our team to serve as Receiver of distressed businesses and real estate entities. We stabilize operations and cash flow, safeguard business assets, and pursue methods to maximize financial recovery. Our multidisciplinary team applies a wide breadth of restructuring and industry experience as Receiver to take control of companies facing financial, operational, and legal issues. We right-size operations, monetize assets, navigate disputes, and increase value and overall cash recovery for creditors and other stakeholders.
> Solutions for Distressed Situations
We deliver integrated solutions for distressed and insolvent businesses that maximize recovery, mitigate risk, and restore enterprise value. Our experts are retained to help distressed organizations stabilize operations, protect stakeholder interests, and execute turnaround strategies. We take an operationally-focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. Our team delivers hands-on guidance and independent analysis to lenders, creditors, legal counsel, executive teams, boards of directors, and investors.
