January 15, 2010
Generally speaking, receivers are basically individuals or firms which are court-approved to preserve the value of an asset after there is a default. There is a major upsurge in receiverships as a result of the crisis, and most of the major CRE firms have either revived or setup service lines to service the loan industry.
Stan Mullin, the former head of SIOR, has written a detailed article detailing receiverships. If you’d like to know more about this surging industry, it’s a fairly quick read…
- Shake Up in Brokerage – BT Splits From NAI
- Receivers In Demand
- Uncertainty Looms in Investment Real Estate
- Downturn Hits GE’s CRE Unit
- McKinsey: CRE in Spain, US, UK at Highest Risk of Deleveraging