Real Estate | Special Situations and Solutions

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Why is Resolute different?

 

We deal specifically with real estate assets in the world of turnaround, restructuring, workout and bankruptcy.

 

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.

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Real Estate Engagements Since 2008

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Years of Real Estate Experience

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Asset Sales

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Trusted Source for all your Real Estate Needs

We understand complicated scenarios

 

We have the ability to adapt to special situations in real estate. We create a unique action plan based on the details of the specific case. No matter your need, Resolute is a value-add to your real estate process.

Where we’ve thrived

  • Partially Completed Projects

  • Broken Condo Conversions

  • Resolving Construction Defects

  • Management of Large/Complex Projects

  • Environmental Remediation

  • Broken or Mid Stream Entitlement Issues

Court Appointed Engagements

RESOLUTE SPECIALIZATION

 

Continued operation or repositioning of an asset.

Resolute knows and understands how to stabilize existing operations and rehabilitate properties.

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.

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 This underlying debt obligation was a complicated loan structure where the loan was originally made to a hard money lender who then defaulted to a failed bank that was then sold to another acquiring bank and finally the ultimate borrower of the hard money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.

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.

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.

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.

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.

Asset Management

RESOLUTE SPECIALIZATION

 

We manage your administrative, financial, capital, and operations needs.

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:

  • Create, organize and maintain client portfolios
  • Development of goals and objectives of assets to align with client investment preferences
  • Manage cash flow and physical assets
  • Local third-party oversight of property managers and leasing agents
  • Preparation of operating budgets
  • Development management
  • Monthly, quarterly and annual reporting
  • Monthly review of operating statements
  • Manage the due diligence and underwriting of potential acquisitions
  • Turnaround or workout strategies
  • Obtaining, understanding and reporting market data
  • Financial analysis, market studies and industry reporting
  • Can serve as broker or assist selection process
  • Repositioning within the market
  • Assess and manage risk associated with current assets
  • Risk management
  • Management of return maximization and loss mitigation on assets
  • Competitive and trend analysis

We’ve operated these various product types:

Brokerage Services

RESOLUTE SPECIALIZATION

 

We facilitate the best possible deals for our clients.

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:

  • Buyer Representation
    Owner occupy and investor requirements: market overview, underwriting and due diligence.
  • Seller Representation
    Sale, Lease and sale leaseback: valuation, marketing and escrow management.
  • Net Lease Transactions
    Specializing in the sale of real estate assets with long term leases in place.
  • Infill Redevelopment
    Redeveloping underutilized land or buildings.
  • Multi-Family
    Apartment buildings, condos, townhomes, and more.
  • Residential Land/Lots
    Negotiations, due diligence and deal-closing.

Examples of Resolute Brokerage Engagements:

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.

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.

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.

As a Buyer representative, Resolute managed the sale process for 1,109+/- acres of speculative land sold for $1,100,920.

Meet the Team Making it Happen

Specialties:

Residential land, Investments, Site Selection, Asset Management

David Sabow

Managing Director of Real Estate

David Sabow is a resourceful real estate professional with vast skills and abilities developed over more than 25 years in investment analysis, real estate portfolio management, land brokerage/development management, business development, revenue generation and more.

Specialties:

Multi-family Land, Infill Redevelopment, Land Planning

Ryan Kay

Director

Ryan Kay has amassed a wide range of experience and knowledge in real estate, with an in-depth knowledge of the public entitlement process, land and multifamily brokerage, investment analysis and business development.

Specialties:

Special Situations, CMBS Workouts, Receivership

John Mitchell, III

Principal & Founder

John Mitchell, a founding principal of Resolute, is a career work-out professional who brings more than 20 years’ experience in problem resolution, receivership, bankruptcy and corporate turnaround expertise to the firm.