Receivership 

Broadstone Management plays an extensive role in acting as a court appointed receiver for real estate properties. We are typically recommended to the courts by various financial institutions, insurance compaines and attorneys. We have been appointed receiver for commercial, office, retail, apartment, and single family residential properties. Our objective is to professionally manage the property in order to achieve optimal value for the asset.

KEY BENEFITS TO COURT RECEIVERSHIPS

Preserve value of the asset: The appointment of a receiver gives the receiver immediate control over the property. The receiver is usually granted complete control over the property and he can immediately implement a turnaround plan.

Recent Court Receiverships:

#07 CH 29492 - National City Bank VS 447 North Austin, LLC - 27 Unit Apartment Building, Chicago, Illinois 

#07 CH 29490 - National City Bank VS 2115-26 South 4th Ave LLC - 3-21unit Apartment Buildings, Maywood, Illinois

#08 CH 8108 - Bank Financial VS David & Elizabeth Michael - Retail Strip Center, Hazel crest, Illinois

#08 Ch 157 - Platinum Community Bank VS Best Built Custom Homes, Inc - 10 Townhomes, Capron, Illinois

#08 Ch 00747 - Diamond Bank VS Michael Tolliver - 6 Unit Apartment, Chicago, Illinois

#08 Ch 2518 - Beverly Bank VS Wayne Hummet Trust - Single Family Home, Chicago, Illinois

#08 Ch 12915 - Beverly Bank VS John Konrath - 4 Condo Units, Chicago, Illinois

#08 Ch 38860 - Delaware Place Bank VS Echo Investments, LLC - 12 Unit Apts, Riverdale, Illinois