Phillips Asset Management provides court appointed receivership services on behalf of financial institutions looking for assistance in operating defaulted assets. Our receivership experience includes office, industrial, residential and retail properties throughout the Tri-State and New England markets.
Phillips goal as a receiver is to limit the exposure for both the lender and borrower by securing, stabilizing and preserving each asset. As owners and operators of investment grade real estate Phillips Asset Management understands the importance of proper management and the effect it has on making an asset self-sustainable and profitable.
Phillips Asset Management designs a site specific receivership plan for each asset. Our services include but are not limited to:
- Property condition reporting
- Day-to-day operations
- Professional maintenance & repair
- Vendor management
- Court appearances and correspondence
- Bookkeeping and administrative
- Lender and Borrower correspondence
- Leasing and disposition services