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 sale.
• Tenant population presented unique situations.
NGA Solution
• NGA provided day-to-day management of these properties.
• NGA listed this property for sale.
• NGA negotiated with numerous interested parties and arranged various contracts for sale of the properties.
Outcome
• Properties sold with court approval.
