Receivership Profile: Northeast Property Group, Inc Appointed Receiver for 174 Unit Portfolio
Northeast Property Group, Inc. Appointed Receiver for 174 Unit Portfolio in CT
Northeast Property Group, Inc. has been appointed by the Superior Court of CT as Receiver of Rents for a significant residential property portfolio located in Bridgeport, CT on November 15, 2011.
The 174 Unit portfolio is located in nine separate properties located throughout the city. A receivership order is a mechanism for the court to protect the property in the event of a disagreement between lender and borrower in a foreclosure process or other types of litigation and typically involves income producing property.
Daniel G. Barber, Sr. Vice President the company is acting as asset manager for the project. Northeast Property Group is a full service Real Estate Services, Management and Brokerage Â firm headquartered in New London, CT and has provided Receivership Services throughout Connecticut for over 15 years.
Mr. Myers is a managing partner with 30 years of real estate management experience. He directs the new business development division and provides for the company’s information technology needs in addition to managing his real estate portfolio.