Receivership Services

Receivership Chart Graphic

Long Gate steps in as the appointed officer of the court and quickly implements a plan to secure, preserve and stabilize a property and take action through the following:

  • Court Appointed Receiverships: distressed assets for lenders, loan servicers and bankruptcy trustees
  • Work with counsel in drafting of court order
  • Take control of asset immediately upon appointment
  • Engagement and oversight of third-party property management and leasing services
  • Preserve tenant base and income through proactive leasing efforts
  • Assure that cash, bank accounts and other assets are safeguarded
  • Analyze and control operating expenses
  • Evaluate and address deferred maintenance and life safety concerns
  • Direct disposition of asset
  • Implement preventative maintenance program for building systems
  • Oversee and complete capital improvements and asset enhancements
  • Preserve tenant base and income through proactive leasing efforts
  • Address zoning and other violations
  • File comprehensive monthly reports with the court and interested parties
  • Have ongoing communication with client regarding asset status, actions and recommendations