Distressed Asset Management

Given today's challenging market, lenders are now finding themselves in a position where they need to quickly gain control of commercial real estate assets in an effort to avoid further loss of value. In these situations, BT Property Service Group can provide valuable assistance and support services to lenders as a receiver or an operator of a distressed property. We will work with you to develop the best strategy to manage a distressed asset.

As a receiver or operator of a distressed property, BT Property Service Group will secure the property, take over operating accounts, notify vendors and tenants, evaluate existing staff, document the current condition of the asset, review vendor pricing and scope of services, obtain and review lease files and records, assure proper levels of insurance are in place, and begin to build a relationship with existing tenants in an effort to stabilize property related income streams.

Distressed Asset Management services include:

• Stabilizing property operations and ensuring tenant retention
• Development and implementation of the property strategic plan
• Evaluation and creation of marketing, advertising and leasing strategies
• Devising and implementing an optimal exit strategy