Property Management Solutions

Urban Retail is a full service organization that provides in-house expertise and an unmatched depth of experience for virtually any management, marketing, leasing, or development issue that may arise. We are seasoned third-party property managers capable of complying quickly with the specific requests and the changing needs of our clients. This means you can expect more with Urban Retail than you might have otherwise thought possible.

Owners

Urban can assist owners with developing a plan for use in supporting a Lender workout or modification. Through our experience as property owners we can provide additional assurance to Lenders that the workout strategy will be viable.

Deed in Lieu

Once a Lender takes the property back, it is essential that the property’s best interests are immediately undertaken to secure existing tenancy and target new tenants through an effective merchandising plan. In addition any immediate costs savings, best practices and collateral protection measures need to be undertaken. Often Urban will have provided a plan to the Lender well in advance of such an event and will be able to step in immediately and improve the property on transfer of ownership to the Lender.

Receivership

Once Urban Receivership Services is appointed as a Receiver, it will immediately contract with Urban Retail Properties for the property management. As is the case in a Deed-in-Lieu transition plan, a strategy will most likely have been developed well in advance of the event and Urban the property will stand to benefit immediately.

For more information contact Joe McCarthy at 312-915-2535 or Craig Delasin at 312-915-3232.

(Return to CMBS/Lender Recovery Services)