Receivership Assignment
English Pub, Business & Residential Suite – Naples, Florida
(Capital Bank)

Description & Duties

  • Former restaurant and pub with additional residential apartment
  • Part of a mixed-use building in business/services district of Naples, Florida
  • Receiver supervised removal and sale of outdated business fixtures and furnishings
  • Hired professional services to fully clean and prepare the property for showing and sale

Status or Disposition

  • Foreclosure completed
  • Finished receiver assignment

Property Management Assignment
Lusso Villas – Naples, Florida
(EverBank)

Description & Duties

  • Assignment included managing a condominium association
  • Property management of small complex, property and grounds
  • Supervised a bank-owned unit, repairs, renovation, cleaning and preparation for marketing and sales
  • Assignment property included a vacant phase II parcel

Status or Disposition

  • Turnover to association is complete
  • Bank-owned unit is sold
  • REAS turned over operation and management to HOA

Property Management Assignment
Times Square – Fort Myers Beach, Florida
(Liberty Bank)

Description & Duties

  • Two commercial multi-tenant buildings (one with 2nd floor residential component)
  • Three residential units
  • REAS coordinated the transfer from prior property management office
  • REAS oversaw monthly rent collection and management, paying of all legitimate bills and expenses

Status or Disposition

  • Property management assignment completed
  • Bank sold assets

Property Management Assignment
Carollwood Plaza – Bonita Springs, Florida
(EverBank)

Description & Duties

  • 19,472 SF multi-tenant retail center
  • Re-keyed, cleaned and prepared suites for showing, leasing and property for sale
  • Oversaw all property and grounds cleaning and maintenance
  • Collected rents and paid property expenses

Status or Disposition

  • Assignment completed

Property Management Assignment
Nicholas Plaza – Cape Coral, Florida
(EverBank)

Description & Duties

  • 41,000 SF multi-tenant retail center
  • Re-keyed suits, supervised site and ground cleanup
  • Prepared property for leasing and sale
  • Oversaw all property ground-cleaning and maintenance
  • Collected rents and paid property expenses

Status or Disposition

  • Property sold by lender
  • Assignment completed

Property Management Assignment
Taylor Road – Naples, Florida
(EverBank)

Description & Duties

  • Multi-bay industrial building plus large vacant site (formerly car towing, impound and storage lot)
  • Property managers hired experienced environmental site cleanup consultant
  • Oversight and supervision of site clearing, cleanup and removal of debris, scrap and vehicles
  • Supervised site maintenance for weeds and grass
  • Inspection to assure no unauthorized access of use of the building and grounds

Status or Disposition

  • Assignment completed

Receivership Assignment
Innovative Construction – Charlotte County, Florida
(Fifth Third Bank)

Description & Duties

  • Single-family residential portfolio
  • 12 properties (seven finished units, three under construction and two vacant lots)
  • Oversight of property and maintenance
  • Managed sale of five units

Status or Disposition

  • Foreclosure completed by lender
  • Property managers July – November, 2009

Receivership Assignment
Club Estates – Collier County, Florida
(Gibraltar Private Bank)

Description & Duties

  • High-end “spec” home, abandoned and given back to the lender in foreclosure
  • Receiver got bids to repair and refurbish the house following theft and vandalism by prior owners
  • Home, grounds and swimming pool were repaired and made functional in good order

Status or Disposition

  • Foreclosure completed by lender
  • Property sold to investor

Receivership Assignment
Springs Resort – San Carlos, Florida
(Fifth Third Bank)

Description & Duties

  • 50-room motel originally built 1960s
  • Receiver supervised and directed property managers who were hired to manage day-to-day operations on-site

Status or Disposition

  • Receiver located purchasers
  • Property sold to investor

Receivership Assignment
Palm Professional Terrace – Fort Myers, Florida
(Bank of Florida)

Description & Duties

  • 28,814 SF professional office complex with two buildings
  • Receiver’s office collected rents, directed payment of bills and expenses
  • Receiver continued as property managers, following completion of foreclosure by the lender

Status or Disposition

  • Foreclosure completed by lender
  • REAS managed after foreclosure from August to September 2009

Receivership Assignment
Gateway Crossings – North Port, Florida
(Fifth Third Bank)

Description & Duties

  • 28,000 SF retail center
  • 30,000 SF commercial office building
  • Receiver’s office managed the property
  • Receiver hired a property management firm, who assumed responsibility for day-to-day operations, management and leasing

Status or Disposition

  • Foreclosure completed by lender

Receivership Assignment
Corner Building – Naples, Florida
(TIB Bank)

Description & Duties

  • Four commercial office suites – ground floor
  • Four two-story residential units – upstairs
  • Receiver’s office collected rents, paid expenses and oversaw property management and repairs

Status or Disposition

  • Property sold in settlement/short sale

Receivership Assignment
Business Park – Income Properties – Bonita Springs, Florida (Greyhound Business Park)
(Liberty Bank)

Description & Duties

  • May 2010 to present
  • Two office/warehouse buildings (across the street)
  • One single-tenant net-leased facility
  • Receiver’s office collected rents, paid expenses and oversaw property management and leasing

Status or Disposition

  • Receiver assignment completed
  • Property sold; purchaser located by receiver for one of two properties


Receivership Assignment
Business Park – Income Properties – Bonita Springs, Florida (Greyhound Business Park)
(EverBank)

Description & Duties

  • May 2011 to present
  • Multi-tenant flex space property
  • Receiver oversaw property inspections and cleanup; collected rents and paid expenses

Status or Disposition

  • Foreclosure completed by lender
  • REAS remains property manager
  • Property sold by lender

Receivership Assignment
Railhead Industrial Park – Vacant Income Properties – Naples, Florida
(EverBank)

Description & Duties

  • December 2010 to present
  • Single tenant office/warehouse property
  • Receiver oversaw property inspection, repairs, cleanup and maintenance

Status or Disposition

  • Foreclosure completed by lender
  • REAS remains property manager
  • Property sold by lender

Receivership Assignment
Business Park – Income Properties – Bonita Springs, Florida (Greyhound Business Park)
(Private Lender)

Description & Duties

  • January 2011 to 2017
  • Two-building office/warehouse flex space
  • Receiver oversaw property inspection, repairs, cleanup and maintenance
  • Collected income and paid expenses

Status or Disposition

  • Receiver assignment completed
  • REAS remained as property management through 2017 when the buildings were sold to investors

Receivership Assignment
Vivante – Condonimium Development – Punta Gorda, Florida
(Fifth Third Bank)

Description & Duties

  • July 10, 2009 to present
  • 342-unit condominium development
  • Receiver was in charge of 31 “clean” finished condominium units, 15 units in a building with Chinese drywall issues and 10.8 acres of vacant, phase II land
  • Receiver supervised maintenance, marketing and sales, court administration of the case, plus court approvals

Status or Disposition

  • Receiver assignment completed

Property Management Assignment
Private Investor – Naples, Florida

Description & Duties

  • 12,000 SF multi-tenant commercial property
  • Collected rent, paid sales taxes and property taxes
  • Oversaw all property and grounds

Status or Disposition

  • Current property management