Receivership Asset Management/Liquidation

Armorguard Manufacturing, Temple Hills, MD: 

Frager Bears, Temple Hills, MD:  A 24,000 square foot, two tenant warehouse/industrial building.

Valleys of Towson, Towson, MD: A vacant parcel of land planned for 39 units and one condominium unit.

Gold Coast Mall, Ocean City, MD: A 120,000 square foot shopping mall.

Midwood and Kennedy House Apartments, Riverdale, MD: 73 apartment units in two buildings.

Peninsula Pork, Inc., Eden, MD:  A 1200 sow breeding/multiplier (1200 suckling pigs) facility on 60 acres; a 4000 wean to feeder facility; 6000+ pigs in finishing farms in Pennsylvania and Ohio.

Manassas VA: 11.49 acre shopping center site, proffers and zoning considerations.  Limited partnership interests from bankruptcy estate.

Towson, MD: 284 room Conference Center hotel with a restaurant, two lounges, full catering and banquet facilities; 200,000 sf commercial office complex in two towers; 1,500 car shared parking facility.

Breezy Point Marina, Chesapeake Beach, MD: 224 slip full service marina, ships store, environmentally sensitive area, boat storage, campground, beach, cottages.

Town Properties, Baltimore, MD: A 44 unit combination of townhouses and apartment units in three locations in the Liberty Hieghts area of Baltimore.

Nitelife Building, Lexington Park, MD: 14,000 sq multi-tenant commercial building.

Greenbelt, MD; Three 60,000 sf commercial office buildings with retail space.

Charlotte, NC; Six 10,200 sf car washes in five states.

Timonium, MD; 145,000 sf commercial building; Columbia, MD: 300,000 sf of flex office park partially complete; Laurel, MD: 50 acre partially developed office warehouse park.

Baltimore, MD; 317 unit (three buildings) historic apartment complex.

Elkridge, MD; Lighting distribution center with a GE franchise.

Arlington, VA; Liquidation of a 26,000 sf retail strip center; Washington, DC: 8,000 sf vacant parcel of land.

Annapolis, MD; 105,000 sf retail outlet center.

Solomons, MD; Liquidation of 35 partially completed single family homes and 100 lots.

Solomons, MD; Liquidation of 730 single family lots.

Management of the receiverships and assets has required review and approval of leases, receivables, payables, payroll, maintenance, repairs, checking accounts, management company activities, contracts, leasing, collections, taxes, zoning, permitting, and reporting to the appropriate courts of all activities.

Portfolio Management

Contract management of a real estate portfolio consisting of an industrial park in Westminster, MD, a 15,000 sf mansion operating as a catering hall in Pikesville, MD, a 232-lot single family subdivision in Bel Air, MD, an 80-unit apartment with approvals for a 256-unit redevelopment plan, and a site planned for a 312-unit townhouse development.

Asset Management and Liquidation

Senior Asset Manager responsible for approximately $94 million in asset disposition including design, implementation, and ongoing management of the marketing efforts for the portfolios of six failed savings and loans with combined assets of more than $1 billion. Supervision of five asset managers and the management of a $50 million portfolio of loans and assets. Member of the Receivership's Review Committee for all loan/asset disposition approvals.

Institutional

Management, evaluation and disposition of 1,500 single family lots in Washington, Oregon, Idaho, Montana, Utah, and California. Management and disposition of $27 million portfolio of single family housing, condominiums, raw land, subdivisions, multi-family and commercial projects. Asset evaluation and review for potential financial institution acquisition.

Independent

Planning and Project Coordinator for joint venture purchases and development of land and commercial ventures. Residential land sales to builders and developers in the greater Puget Sound area.

Land sales to builders and developers to supply inventory for home/condominiums sales offices. Management and training of sales agents, sales promotion, advertising and production supervision.

Commercial real estate sales.

mlschuett@receivership.net