Professional Management for REO Assets
As a court-appointed Receiver, Northeast Property Group will step in immediately, working to secure the investor’s interest during the cycle of workout or foreclosure. In the current real estate climate, we have been repeatedly selected by Special Servicers and Asset Managers to successfully manage dozens of assets totaling over a million square feet throughout the state of Connecticut. Through our experience and knowledge of the REO process, we have developed all the necessary internal procedures to work quickly and effectively to evaluate, with institution-level quality, the asset’s: staffing, leasing, maintenance, contracting, marketing and reporting status.
Over the last twenty years, Northeast Property Group has played a key management role within the institutional real estate industry, solving the problems associated with our client’s real estate loans and owned properties. As a company, Northeast Property Group is expertly suited to serving in a receivership capacity with our team of property managers, leasing agents and commercial brokers. The two principals of Northeast Property Group, Dan Barber and George Myers, hold the titles of Certified Commercial Investment Manager (CCIM) and Certified Property Manager (CPM) respectively. Few companies in Connecticut have individuals that hold both these highly respected real estate designations. Be assured that with our experience and education we fully understand the sophisticated financial reporting and facility management requirements that today’s courts, asset managers and other investors require. To learn more about our receivership process click here.
Northeast Property Group has been repeatedly selected by courts in Connecticut to act as Property Receiver on large multi-family, apartment, commercial and industrial buildings to help reposition the property. These experiences have fine-tuned the management oversight skills necessary to excel in this difficult but exciting sector of property management.
Selecting Northeast Property Group as Property Receiver is a sure way for asset managers to know they are choosing a professional management company with the industryÂ experience and knowledge necessary to secure the asset.
Some of our services include:
- Asset Management and Recovery
- Capitalization, development, ROI and portfolio analysis
- Market research, data mining, information management
- Asset stabilization, disposition strategies and management
- Accounting, compliance, document administration and reporting
- Commercial Property Management
- Financial reporting, lease administration, budget projection
- Inspections, maintenance, repairs and emergency services
- Third-party vendor oversight
- Commercial Brokerage Services
- Office, industrial, commercial and retail tenant sales and leasing
- Retail tenant representation
- Property valuation
For a detailed proposal specific to your property, contact George Myers or Dan Barber at 860-437-7005.