Lenders with underperforming assets regularly turn to Thomas Group Consulting for market analysis, strategy, and direction.
Whether selected as a receiver or selected to provide receivership support the team Thomas Group Consulting can be counted on to deliver exemplary results. Led by Judge Thomas, The TGC Receivership Practice has a network of skilled legal counsel and other qualified real estate professionals in place who can be deployed to any engagement.
Here are just some of the services we provide:
Assess additional information needed to operate the receivership
Gather and maintain all records, leases, plans, files and documents that are available
Hire, bid and oversee the completion of any necessary capital improvements
Hire leasing resources to negotiate and modify leases at property as necessary to stabilize and enhance value
If necessary, challenge real estate tax assessment for the property
Keep all parties informed through required reporting to the courts and other requested reporting by parties
Move quickly to take control of the rents and expenses at the property
Prepare accounting in the required format for the property to keep all parties informed
Provide market and property information
Regularly prepare and update property budgets
Stabilize and physically maintain the property per the receivership order
Work with local governmental authorities to resolve any outstanding permit of entitlement issues
Work with parties to assist in settling title issues plaguing the property
With over four decades of experience, TGC’s Receivership services practice is a trusted source of thought leadership and skill for lenders and owners of distressed real estate assets.