As one of the largest Federal and State Court Appointed Receivers for a combination of receivership and asset and property management firms in the United States, we have been appointed to over 400 cases. The Company has performed work for the Resolution Trust Corporation (RTC) and is currently acting on behalf of the Division of Resolution and Receiverships of the Federal Deposit Insurance Corporation (FDIC) and has worked with over 73 lending institutions.

For over 24 years in business and 17 years as a court appointed receiver, our client relationships have been built on integrity, responsiveness, performance. At all times, the Company seeks creative solutions that maximize and protect the property value.

Mission

The firm's mission is to provide the highest quality and performance while protecting the property value.

Qualifications

The Company is headquartered in Los Angeles and has 160 offices affiliated nationwide. We continue to be one of the largest court appointed receivers in the United States.

The Company is organized to deliver a comprehensive range of service offerings as set forth below.

• Asset Management

• Provisional Director

• Consulting

• Accounting

• Forensic Analysis

• Contracts & Leases

• Licensing & Franchising

• Legal Expertise

• Property Management

• Take possession of property and assets pursuant to an order of the Courts

• Sell or manage assets in order to optimize proceeds

• Manage accounts payable and accounts receivable and pay creditors

• Manage and control property by leasing, collection of rent and maintenance

Core Service Capabilities

The firm is a leader in each of its core service businesses:

• Receivership Services

• Chapter 11 Bankruptcy Trustee Services

• Real Estate Asset Management Services

• Real Estate Property Management Services

• Real Estate Facilities Management Services

• Construction Services

• Construction Management

• General Contracting

Types of Receiverships:

• Retail Shopping Center

• Multi-Family

• Industrial/Commercial

• Office Building

• RV Park

• Senior Living

• Hotel

The major services provided by Asset and Property Management include the following, but may vary depending on the specific needs of the asset:

The Portfolio Manager and Field Supervisor will visit the property and handle tenant issues, health and safety issues, maintenance and related subjects and prepare appropriate solutions.

24-hour Emergency Service Line, which will allow tenants and others access to the managers of your property even on holidays and weekends. Should any emergency occur, we will notify you immediately.

Monitoring of vendors and contractors, preparation of specifications for new contracts, negotiation and/or renegotiations for new contracts, and performance evaluation of existing contracts. Initially, all contracts will be reviewed and recommendations will be made with regard to cost effectiveness.

A monthly financial statement, on a cash basis, will be prepared and include an executive summary of operational activity and variances to the budget, a general ledger, a balance sheet, a budget comparison report, a summary income sheet, an aged delinquency report, an income register, rent roll, check register and a bank reconciliation report.

We also provide:

• Prepare tenant billings, collect rent and administer leases.

• A monthly narrative report will be provided summarizing the activities for the prior month.

• A remaining Year End Budget shortly after commencing will be prepared and the annual budget will be prepared for the property and submitted prior to the start of each calendar year.

• Preventative maintenance programs are established for the building's mechanical components. These programs are completed with vendors with inspections made by the Company staff.

• Tenant Satisfaction Surveys are sent out periodically to measure the performance of the management and maintenance personnel, as well as to assist with the future planning process.

• The management staff monitors all tenant improvement work and works closely with tenant improvement manager to maintain integrity with the tenant.

• Implementation of strong tenant relations programs and administration of all tenant leases, coordinating closely with the leasing team.

Maintain constant review of physical structure, provide recommendations and implement programs to maintain the image of the property.

Additionally, our scope of Asset and Property Management Services work includes the following:

• Frequent property inspections, usually one visit per week.

• Preparation of an semi-annual budget for receivership period

• Supervision of all building vendors and any on-site staff

• Review and approve all property invoices

• Collection of all rents and any other amounts due

• Implement a work order system

• Provide monthly written reports

• Provide payroll services to any on-site personal

• Communicate with tenants and respond to their requests

• Communicate with lender on any issues that arise at the property

• Respond to building emergencies

• Provide Leasing Services upon request

• Handle all tenant retention issues and evictions

• Provide Construction Management Services upon request.