NGA Role • NGA was appointed receiver in Hamilton County Common Pleas Court to operate and recommend to the court the whether the facility would be closed, sold as a going-concern or some alternative outcome. Problem • This 68 bed skilled long-term care facility was operating at too low a…
South Ross, LLC (Brown County, Ohio)
NGA Role • NGA was appointed receiver in Brown County court to operate and sell two car washes; one in Fayetteville, Ohio and the other in Mt. Orab, Ohio. Problem • Management mismanaged these car washes and stopped making their secured creditor payments. • Secured creditor foreclosed and asked for…
THR, Inc. Receivership (Hamilton, Ohio)
NGA Role • NGA appointed as receiver over certain real estate of this company by Butler County Court of Common Pleas. Problem • These distressed multi-family properties were in neglect due to lack of capital for repair and maintenance. • Affordable Housing deed restrictions posed challenges in marketing properties for…
David Robinson Receivership (Cincinnati, Ohio)
NGA Role • NGA appointed as receiver over these two multi-family apartment buildings by Hamilton County Court of Common Pleas. Problem • These two buildings were experiencing vacancy issues, operating problems and tenant distress. NGA Solution • NGA retained a management firm to provide day-to-day management in this multi-family situation.…
Darnell Walker Receivership (Cincinnati, Ohio)
NGA Role • NGA appointed as replacement receiver over this real estate Hamilton County Court of Common Pleas. Problem • NGA learned that original receiver had allowed this vacant property to be heavily vandalized and rendered unlivable. NGA Solution • NGA secured the property. • NGA listed this property for…
Fortress Storage Receivership (Milford, Ohio)
NGA Role • NGA appointed as receiver over the real estate of this company by Clermont County Court of Common Pleas. Problem • Distressed self storage facility needed to be managed on a day-to-day basis, revenues and profits increase and sold along as a going concern. NGA Solution • NGA…
Sluder Enterprises (Batavia, Ohio)
NGA Role • NGA appointed as receiver over the real estate and operating assets of this company by Clermont County Court of Common Pleas. Problem • Distressed restaurant needed to be controlled and sold along with company owned real estate. NGA Solution • NGA entered into contract with franchisor to…
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