Gulf Atlantic Capital Appointed Receiver
for Retail Center Development

  • Las Vegas, Nevada


    Gulf Atlantic Capital served as appointed receiver to manage the affairs of the development while foreclosure proceedings were pending.

    GulfAtlanticCapital PRIVATE INVESTMENT BANKERS corporation
  • Gulf Atlantic Capital served as court appointed receiver with full authority over the affairs of the retail center.
  • Managed all business activities, including rent rolls, common area maintenance and utilities, tenant negotiations and evictions.
  • Developed a strategy to reduce the vacancy rate through relocating certain tenants and working with the lender to provide funds for leasehold improvements and lease incentives.
  • Positioned the property for sale upon completion of the foreclosure process.