Real Estate Investing with JIM

Court Appointed receivership is a person appointed by a court administrator to take into custody the property or funds of others, pending litigation. Operate the property and protecting the asset while the litigation works it way thru the court.

Receivership

Broadstone Management plays an extensive role in acting as a court appointed receiver for real estate properties. We are typically recommended to the courts by various financial institutions, insurance compaines and attorneys. We have been appointed receiver for commercial, office, retail, apartment, and single family residential properties. Our objective is to professionally manage the property in order to achieve optimal value for the asset.

KEY BENEFITS TO COURT RECEIVERSHIPS

Preserve value of the asset: The appointment of a receiver gives the receiver immediate control over the property. The receiver is usually granted complete control over the property and he can immediately implement a turnaround plan.