Receivership & Distressed Asset Services
Expertise in positioning and repositioning assets.
NAI/Merin Hunter Codman continues to emerge as one of the state’s leading distressed asset service providers. The firm’s expertise as a fiduciary has become critical as a record wave of office, retail and industrial properties, along with hotels and apartment/condominium projects fall delinquent or into foreclosure in Florida, following on the heels of the residential foreclosure debacle. NAI/Merin Hunter Codman believes that this large volume of distressed assets will in turn lead to a significant increase of commercial property sales, at a level not seen in recent history in Florida.
NAI/Merin Hunter Codman’s goal is not only to preserve property values for lenders and those who have become owners through loan default, but also to prevent a ripple effect on Florida tenants, residents and hotel guests who, without court-appointed receivership services, might otherwise be subject to the effects of structural disrepair at buildings, insurance lapses, and safety violations among other issues.
“The landscape of the commercial real estate industry in Florida has drastically changed over the last few years. Property owners are requiring an increasingly broad range of skills to help them manage their portfolios and maximize asset values. NAI/Merin Hunter Codman’s ability to assist owners with receiverships, construction management, property management, leasing and sales enables us to meet all of the commercial real estate needs for clients who are acquiring and seeking to turn around distressed properties. Many of our clients have assets throughout the state and we provide them with a centralized resource to help them efficiently increase the value of their portfolios. Our distressed asset practice is expanding to all time highs with no let up in the foreseeable future.”
– Jordan Paul, Chief Executive Officer
Our receivership services include:
- Emergency Repairs
- Develop Short and Long-Term Asset
- Reinstating Lapsed Insurance Policies
- Optimization Strategies
- Rectifying Delinquent Tax Issues
- Reposition Property in Marketplace
- Resolving Safety Violations
- Budget preparation and implementation
- Addressing Maintenance Issues
- Rent Collection
- Tenant Relations