Receivership is always a challenging situation for the parties involved; here at The Borne Company, we strive to make the transition as smooth and seamless as possible. With our partner, ACG Management Company, we apply decades of real estate experience to crafting and implementing effective solutions for any financial crisis. We work with our lenders to tailor custom initiatives for each asset; whether your situation calls for a recapitalization, a head-to-toe business revamping, or quick foreclosure, Borne-ACG experts will work to achieve the highest return and minimal risk available.
Founder and Project Manager for The Borne Company, Keegan Bonebrake has been a court-appointed receiver for numerous multi-family properties throughout Chicagoland. Providing day-to-day, operational, financial, and administrative management, Bonebrake has been successful in preserving assets for a wide array of parties during legal disposition of properties. Likewise, Bonebrake has acted as an owner's representative on the asset management and disposition of more than 10,000 apartment units located throughout the United States.
Each division of commercial real estate—be it multi-family, office, industrial, or retail—presents its own array of unique opportunities and challenges. The complexities of the current market require decisive action (by both investors and lenders) to maximize the value of any distressed assets they own, acquire or dispose. The Borne-ACG team starts by evaluating and analyzing financial positions from the standpoint of an investor or lender. Next, the team employs time-tested approaches to determine the economic, operational, and legal steps required to provide the most cost-effective solutions for challenges ahead. As a Court-Appointed Receiver, Borne-ACG seeks to optimize value—and not simply maintain assets as they are. In fact, Borne-ACG utilizes the same property management matrix it would on its own assets. Leveraging our vast array of experience with all-things in receivership, Borne-ACG efficiently identifies value-add and risk-mitigating opportunities, implementing changes to protect your interests.