CLIENT: SPECIAL SERVICER
In fall of 2012, we took over as receiver and property manager of this 80,000 SF multi-tenant office building in Chicago’s West Loop.  In the first quarter of 2013, we completed a receiver sale of the building which resulted in a 95.5% recovery of the debt for our client.

CLIENT: BANK
We completed the sale of a non-performing loan secured by a high volume gas station located in Oak Park, IL.

CLIENT: SPECIAL SERVICER
We acted as receiver and handled the property management and leasing for this 138,000 SF regional retail center anchored by Best Buy, Marshall’s, Bed Bath & Beyond, and Michael’s.  RE|SOLUTIONS maintained and leased the property to 100% occupancy until it was sold to Inland Real Estate Corp.  in December 2012 for $21.9 million – a 100% recovery of the outstanding debt amount.

CLIENT: SPECIAL SERVICER
We acted as receiver and manager for this low income, 122 unit vintage apartment building.  We implemented operational improvements and completed repairs to units in order to stabilize property and ready it for sale.

CLIENT: CMBS SPECIAL SERVICER
As Receiver and Property Manager for this 15,500 SF Multi-tenant retail outlot, we took occupancy of this center from just over half to 100%.

CLIENT: BANK
Within 60 days of listing, we were able to sell this foreclosed commercial condo in the South Loop of Chicago at an attractive price for the client.

CLIENT: PRIVATE REAL ESTATE FUND 
We provided Receivership & Property Management for this 19-unit, vacant brick multifamily building located in Chicago’s Woodlawn neighborhood. We determined early on that the building was a major safety hazard to its tenants that could not be easily rectified so we vacated and boarded up of the building.  After foreclosure, the building was sold to a local investor.

CLIENT: PRIVATE REAL ESTATE FUND 
During the forecosure, we acted as Receiver and Property Manager for this mixed-use commercial/residential building located in Chicago’s Noble Square neighborhood.  During our tenure, we were able to maintain the residential occupancy at 100% and complete a long term lease securing the restaurant tenant.

CLIENT: PRIVATE REAL ESTATE FUND
A brief receivership by RE|SOLUTIONS of this well-known Chicago site concluded with the developer paying off its loan of $39 million to the lender and relaunching its plans for a commercial and residential complex.  Structured Development, LLC, with an investment from John Bucksbaum, former chairman of General Growth Properties, Inc., and a new loan from JP Morgan Chase Bank, plans to start construction in late 2012 on 370,000 SF of retail space plus 280 apartments on this 8.2 acre piece of land that sits at the intersection of Clybourn and Halsted Avenues.

CLIENT: PRIVATE REAL ESTATE FUND
We successfully marketed and sold this property after assisting the seller in the selection of a qualified buyer from a pool of potential buyers.