Manage Properties & Portfolios

Distressed Assets & Optimization Practice

CBRE provides lenders and investors with a comprehensive suite of services and creative techniques specifically aligned and targeted to workout, support and enhance underlying distressed assets while generating quantifiable results.

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A Trusted and Deep Receivership Practice

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Ever since the Global Financial Crisis, CBRE’s receivership practice has been a trusted provider to courts, special servicers, banks and debt funds across the U.S. Our fully integrated platform is backed by over 50 U.S.-based individuals with active receivership experience. Across necessary service lines we strategize to drive efficiencies and restore the value of assets, whether the property is office, retail or industrial.

CBRE’s significant experience and results as a court-appointed receiver are closely linked to our industry-leading capabilities in property management, valuation, leasing, and investment sales. Our comprehensive platform enables us to gain control of the asset or portfolio quickly and implement a strategic plan to generate measurable value.

Transitioning Assets or Portfolios

Transitioning an asset or portfolio through receivership takes a well-scripted, end-to-end process backed by a true understanding of what today’s lenders need and what the court-appointed role entails. CBRE has a detailed Standard Operating Procedure (SOP) for onboarding and transitioning assets, starting with the Receivership Order. From day one, our goal is to gain control of your asset or portfolio so it can perform at its peak during difficult economic times.

Comprehensive, Integrated Distressed Approach

CBRE’s scale and tremendous local expertise ensures a deeply coordinated approach across the entire value chain of our organization. Our unique ability to leverage the whole of the firm allows us to address and optimize the most complex challenges. Through our detailed review and delivery we consult, manage, structure, stabilize/lease, value and sell across the continuum of the distress world with a coordinated approach.

Representative Receivership Assignments

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Large Office Assignments
Office Property in Philadelphia CBD
1.7 M sq. ft.
Receivership appointment: 5/1/23 – Present

Office Property in Denver CBD
1.2 M sq. ft.
Receivership appointment: 9/7/23 – Present
Modern office complex with glass facades and connecting walkways between buildings
Small Office Assignments
Office Property in Suburban Chicago
250K sq. ft.
Receivership appointment: 8/10/23 – 2/29/24

Office Property in Bridgeport CBD
130K sq. ft.
Receivership appointment: 10/1/22 - Present
Modern strip mall storefront with black awnings and empty parking spaces under cloudy sky
Retail Assignments
Retail Condominium in Midtown Manhattan
245K Sq. Ft.
Receivership appointment: 3/24/21 – 7/1/24

Regional Mall in Virginia Beach
898K Sq. Ft.
Receivership appointment: 10/3/22 - Present

Services that Maximize Value

  • Complete all court and lender requirements, including insurance
  • Mitigate risk by executing a receivership process checklist
  • Assess property condition and performance
  • Differentiate from the competition with elevated tenant services and programs
  • Review existing contracts and rebid as needed
  • Solve existing issues to increase tenant satisfaction and retention
  • Achieve economies of scale, create efficiencies, maximize NOI
  • Gain control of banking and cash management
  • Review rent statements, receivables, payables/expenses & abstract leases
  • Redirect rent collections to the receiver's account
  • Ensure code compliance and perform lien searches
  • Perform forensic accounting to gauge historical performance
  • Review report packages, vendors and electronic data transmission
  • Review assessed values to potentially reduce property tax burden
  • Identify the most qualified leasing team for the assignment 
  • Partner with the leasing team to develop value-added strategies
  • Focus on existing tenants to increase satisfaction and lease renewals 
  • Design and implement leasing plans to fill vacancies
  • Back the leasing plan with a strategic budget and financial reporting
  • Property Sales: Access CBRE's powerful buyer intelligence and relationships to develop the best strategy for asset disposition when the time is right
  • Debt & Structured Finance: Restructure, rebalance and mend capital stacks with bespoke solutions
  • Loan Sales: Offer lenders the opportunity to divest loans and efficiently reduce exposures
  • Investment Banking: Real estate advisory and financing on the investment banking spectrum, including M&A advisory, equity placement and secondary LP trading
  • Valuation & Appraisal: Get accurate insights on the value of your property or portfolio from experts across markets and property types with the ability to meet compressed timelines and specific reporting requirements.
  • Assessment & Consulting: Assess the condition of your properties and identify potential concerns to mitigate risk and discover value-add opportunities.
  • Property & Transaction Tax: Lessen recovery shortfalls and achieve tax savings and refunds with property tax appeals and real estate transfer tax services.

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