Appointed as Receiver on a $35MM loan for an 110,000 square foot power retail center in Tolleson, AZ. Resolute Commercial acted as both the Receiver and Property Manager for the asset.

During an 8-month appointment, Resolute quickly stabilized the financial position of the asset and worked to reassure restless tenants about the future path of the property. Resolute’s property management of the asset resulted in the correction of existing lease deficiencies, reduction of operating expenses and elimination of graffiti and vandalism. Additionally, our proactive marketing efforts repositioned the property within the submarket and led to an overall increase in leasing activity and occupancy.

In calendar year 2009 Resolute Commercial was appointed as the Receiver and Property Manager on 15 matters involving multifamily communities totaling more than 1,200 apartment units. In most cases, the properties were horribly neglected in both a physical and operational capacity. Additionally, the tenant mix was precarious due to cultural differences or immigration status.

Resolute’s bilingual and solution-orientated staff worked diligently to overcome the previous ills from the mismanagement of the properties. Conscious efforts were made to immediately address outstanding life safety issues, physical deterioration, unsavory tenant mix and overall rent readiness. In many cases these actions were accomplished through the use of existing cash flow and without the need for additional funding from the Lender.

Mr. Mitchell controlled three full service car wash/gas stations/convenience stores and a Jiffy Lube from a national acquisition and consolidation company.

As the agent for the Receiver, Mr. Mitchell performed interim management, operational oversight, and the coordination of the sale of the properties with the marketing staff of the Receiver.

Upon taking control of the assets, a comprehensive review of the operation’s plant and equipment was conducted. Capital control measures were implemented and in-depth negotiations for settling debts owed to key suppliers, vendors and employees for pre-receivership operations were accomplished.

Mr. Mitchell and his team conducted a comprehensive forensic investigation to trace investor’s funds to multiple off-shore accounts. Funds were used to purchase homes, cars and other assets purchased for personal use by the defendants of the court action. Numerous bank account and financial records were gathered from investors and the company’s files in order to recreate a complete statement of the sources and uses of investor funds.

The complex nature of the project dictated coordination with several U.S. and foreign agencies that included the filing of various legal actions is the Philippines and the Isle of Guernsey. The defendant in the case was ultimately arrested overseas and repatriated to the United States to face trial.

A 92 property portfolio in bankruptcy consisting of a corporate headquarters, 3 warehouse distribution facilities, 2 retail strip malls and 86 free standing automotive parts store located in 27 states.

Hired as an agent by the debtor in possession and approved by the United States Bankruptcy Court to conduct disposition of the Super Shops portfolio. Mr. Mitchell completed portfolio due diligence, marketing position and pricing. Coordination of all aspects of selling real estate under the bankruptcy process and dissemination of information to both secured and unsecured creditors.

Mr. Mitchell and his team took possession of four distribution warehouses and prepared an inventory of all assets. Upon the systematic abandonment of all company employees, Mr. Mitchell and his team ceased operations and proceeded with a systematic liquidation of the assets . During the following eleven-month period they negotiated more than 100 separate sales transactions of more than $2million in perishable and nonperishable seafood, dry goods, personal and real property.

Upon the forensic review of the companies books and records, it quickly became apparent that virtually all receivables were from a fraudulent sales program between related companies.

Mr. Mitchell then facilitated the turnover of all documents captured on site to the F.B.I. and I.R.S. Criminal Investigations.

Luce Forward’s principals initially thought that relocation would not be economically feasible. The teams due diligence showed that a weakened rent market created more options. Full investigation of alternatives included consulting by the teams workplace integration staff, who created relocation test fits and a re-fit for the existing site.

A.) The Westin La Paloma Resort and Spa in Tucson, Arizona is 487 guestroom destination resort hotel. Amenities include a 27 hole Jack Nicklaus golf course, the exclusive Red Door Spa, five unique pools, 64,000 square feet of meeting space, tennis facilities, and the children’s lounge.

B.) The Westin in Hilton Head, South Carolina is a 412 guestroom ocean front destination resort hotel. This resort is located on the beautiful Port Royal Plantation. Amenities include three signature Port Royal golf courses, the full service Heavenly Spa, three unique pools, 16 meeting spaces, tennis club, and unique experiences for children.

Mr. Foster negotiated the sale and successful closing of the portfolio to his buyer while competing against buyers such as Host Marriot and Mass Mutual.

Mr. McGraw served as the Builder Relations Manager from 2003 to 2007. Duties included property disposition, merchant builder management, welcome center construction management, community association board members, and builder product design review management. During this period Marley Park conducted a successful community grand opening, the dedication of the Marley Park School, and delivery of the first two phases of residential units with amenities.

Mr. McGraw served as development project and construction manager from 1997 to 2000. Project management duties included coordination of the project design teams, budget creation, construction schedule generation, assemblage of construction bid packages, contractor selection, coordination of final plat approvals, and improvement plan permitting with the local city and county government agencies. Construction management duties included oversight of residential parcel construction, the development of two recreation centers, weekly construction meeting coordination, contractor payment, & final acceptance by the local government inspectors.

Mr. McGraw served as the project manager through the acquisition and City of Phoenix entitlement process. Completed the entitlement process in eight months which included annexation, general plan amendment, equivalency zoning, and rezoning the property to commercial office / major office. Currently acting as the property manager and disposition agent for the owners.