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HOME / REAL ESTATE | SPECIAL SITUATIONS AND SOLUTIONS
What sets us apart from other firms is our ability to quarterback distressed assets on the road to resolution. We have a proven history of successful results, with extensive experience in overseeing, operating and transacting on all types of distressed real estate assets. Resolute can step in and take a difficult asset off your hands, while we resolve all the complex issues that follow entirely in-house. Whether you need valuations, pro forma calculations, operations management, or more, we handle it all. Let us take your special situation and find the perfect solution.
RESOLUTE SPECIALIZATION
Resolute knows and understands how to stabilize existing operations and rehabilitate properties.
For-Profit Vocational Technical College
Appointed Receiver for a national for profit vocational technical college with 30 campus nationwide. FF&E required vetting of potential buyers to determine their lack of connection to the educational system and potential implications posed within. The entity housed prescription drugs for their medical classes. We worked closely with the AZ Department of Higher Education, DEA, and Arizona Board of Pharmacology to maintain compliance in disposing of the drugs.
Master Planned Community with 3,200 Acres
Appointed Receiver for 792 acres of a larger 3,200-acre master planned community. This underlying debt obligation was a complicated loan structure where the loan was originally made to a hard money lender who then defaulted to a failed bank that was then sold to another acquiring bank and finally the ultimate borrower of the hard money lender was in default on his payment. We were asked to steward the property through an ongoing entitlement process with neighboring land owner to protect the property’s interests & preserve all rights and value.
Retail Strip Center with 94,000 sqft
Appointed Receiver for 94,000 square foot retail strip center anchored by Safeway Grocery and Ace Hardware. The retail strip center was riddled with settlement problems. A sink hole developed under the property and caused issues in plumbing, door alignments, and slanted floors. We were hired to navigate the process to restore structural integrity and ease tenants through associated challenges.
Mix Use Retail Center with 23,000 sqft
Appointed Receiver for $11.5M loan of a unique 23,000 square foot mix use retail center. There was a discrepancy in the declared size of the space that was able to be physically occupied compared to what the Lender believe they had as collateral. The ramifications of this were profound as it affected taxes, leasable area, community association fees, and CAM charges.
Class A Condo Development with 42 Buildings
Appointed Receiver for a Class A broken condo conversion development. The collateral consisted of 113 one and two bedrooms for rent apartments intertwined throughout the 42 garden style buildings on the property with another two hundred and ninety five 295 units having already been sold to individual residents.
Three Regional Fuel Card Lock Locations
We decommissioned 3 regional fuel card lock locations as well as bulk storage facility throughout Northern Arizona. Age of facilities and equipment presented unique challenges with regard to legacy issues and ultimate compliance with AZ DEQ.
RESOLUTE SPECIALIZATION
Resolute knows and understands how to stabilize existing operations and rehabilitate properties.
Maintenance and inspections, rent collection, records, budgets, cash management, taxes, compliance — we take care of it all! Here are just some of the ways we can assist:
3,000 units of Class A, B and C product
400,000 sqft of light industrial
Over 5,000 mini storage rental units
650,000 sqft of Class A and B
900 keys of Branded Limited Service
2,500 spaces
1.5 MM sqft of Grocery anchored and non anchored strip centers
75 units of full service gas, convenience store and car wash
RESOLUTE SPECIALIZATION
Our team has more than 55 years of experience in land brokerage with a proven track record of applying expertise and market knowledge to consistently exceed goals! Here is a sample of some of our offerings:
3.3 Acre Infill Site
As part of a Corporate Renewal engagement for a $50MM Produce Distributor, Resolute managed the sales process for a 3.3 acre infill site with A-2 Zoning. Through our co-ordination with broker, the parcel was sold for $2MM at an all-time high price per SF.
32,000 SF Aircraft Hangar with Office Space
Assigned to sell Lease Hold Interest for auto parts store in Receivership. Managing the entire marketing process for 32,000 SF Clear Span Aircraft Hangar with Office Space with M-1 zoning. Duties include due diligence and feasibility analysis.
6,300 SF Industrial Building and Engine Test Cell
As part of Receivership order, assigned to sell Lease Hold Interest at Prior Aviation Facility at Phoenix-Mesa Gateway Airport. Assets include a 6300 SF industrial building with PMGAMP zoning and 2200 SF engine test cell. Managing sales process, including negotiation and brokerage, due diligence and feasibility analysis.
1,009+/- Acres of Speculative Land
As a Buyer representative, Resolute managed the sale process for 1,109+/- acres of speculative land sold for $1,100,920.