Real Estate Property Receivership
Kaplan understands that court appointed receivers are often needed to secure a property, its accounts ,and records and to protect and revive the integrity of the asset and income stream. Michael Kaplan is a court approved receiver for one of the largest special service providers in the United States.
The following outlines the services Kaplan and its affiliates will provide:
- Third party independent control as a fiduciary of the court
- Possession and preservation of the asset
- Management supervision and direction of daily activities of the property
- Full review and augmentation of all contractual services
- Bidding and awarding of service contracts
- Full accounting of all income and expenses
- Authorization, control, and payment of payables
- A three decade history that provides understanding of institutional requirements, reporting, and goals
- An in-house construction specialist to recommend remedies for extraordinary deferred maintenance
- Proactive management to establish the confidence of tenants and others
- Ability to conform reporting to the specific needs of the court and secured creditors
- Possession and preservation of the asset
- Management supervision and direction of daily activities of the property
- Full review and augmentation of all contractual services
- Bidding and awarding of service contracts
- Full accounting of all income and expenses
- Authorization, control, and payment of payables
- A three decade history that provides understanding of institutional requirements, reporting, and goals
- An in-house construction specialist to recommend remedies for extraordinary deferred maintenance
- Proactive management to establish the confidence of tenants and others
- Ability to conform reporting to the specific needs of the court and secured creditors
