Turnaround & Restructuring Services

Commercial Real Estate (CRE) Solutions

When commercial real estate (CRE) intensive businesses encounter financial distress, we deliver a turnkey solution providing an efficient and effective process to resolution.

Our services range from valuation and property repositioning strategies, to construction and project management, to environmental and human health & safety consulting, to disposition services in and out of court, most notably in Federal and State receiverships.

We deliver financial and fiduciary expertise to facilitate a rapid recovery of CRE assets. We leverage the collective valuation and construction experience across the firm to serve all constituents, including:

  • Valuation expertise in real property/CRE matters – including single-asset and multi-state real property portfolio appraisals and consulting, commercial real estate dispute advisory, financial reporting, and litigation support.
  • Technical expertise at all levels and phases of construction – from pre-planning and development to scheduling, budget management, and project oversight, through dispute avoidance and resolution when projects don’t go as planned.
  • Environmental, health, and safety expertise in CRE projects – we are engaged by public and private owners, developers, construction professionals, government organizations, REITs, and insurance and legal professionals to consult on environmental, regulatory, and human health & safety matters, including taking hands-on operating leadership role(s), when appropriate.
  • Strategic advisory for real estate-intensive businesses and capital projects in financial distress – from takeover/tendering assistance and monitoring following contractor default to completion of construction, property repositioning, brokerage sales, asset disposition, and dispute resolution.
We’re Engaged in Commercial Real Estate Matters Involving
  • Asset Liquidations
  • Bankruptcy & Receivership Proceedings
  • Capital Projects Advisory for Borrowers
  • Completion of Construction
  • CRE Dispute Resolution
  • CRE Exposure Analysis (Pre- & Post-Default)
  • CRE Project Takeover / Tendering
  • Creditor Recovery
  • Environmental, Health & Safety Challenges
  • Fraud Recovery & Forensic Accounting
  • Going Concern Sales
  • Out of Court Restructurings
  • Portfolio Assessments
  • Refinancings
  • Shareholder Disputes
  • Trusts & Estates
Our Subject Matter Experts
  • Accredited Business Valuators
  • Accredited Senior Appraisers
  • Certified Business Appraisers
  • Certified Cash Managers
  • Certified Cost Professionals
  • Certified Financial Forensics Experts
  • Certified Fraud Examiners
  • Certified Insolvency & Restructuring Advisors
  • Certified Management Consultants
  • Certified Public Accountants
  • Certified Turnaround Professionals
  • Certified Valuation Analysts
  • Chartered Financial Analysts
  • Contract Administrators
  • Environmental Consultants
  • Forensic Accountants & Economists
  • Fraud Investigators
  • Licensed Architects
  • Planning & Scheduling Professionals
  • Professional Engineers
  • Project Managers
  • Property Managers
  • Quantity Surveyors
  • Real Property Appraisers (MAI)
  • Receivership Experts
  • Regulatory Compliance Experts
Comprehensive Commercial Real Estate (CRE) Solutions

Our full-service, global CRE team of experts delivers market-leading strategic and tactical advisory services to help clients navigate solutions for properties in financial distress and shareholder disputes; determine the true value of their real estate; and overcome construction-related challenges.  We serve the needs of all constituents involved in CRE-related matters, including lenders, creditors, shareholders, founders, and management. 

Our environmental and energy experts have substantial experience in developing and operating heavy industry assets, including those within power generation. We routinely consult on the transition away from carbon-based fuels and towards more renewable energy, as well as on the impacts caused by energy transition. Our EHS experts serve as trustees for Superfund and similar sites, and work to return environmentally impacted areas to their highest and best use.

Our seasoned team adeptly manages the real estate assets while resolving disputes, regulatory challenges, completion of construction and other impediments to a financial restructuring or sale. We leverage our collective, firmwide experience to design and implement creative paths to capital recovery for all types of CRE assets, particularly:

  • Agriculture / Agribusiness
  • Gas Stations
  • Golf Courses
  • Healthcare Facilities
  • Hotels & Motels
  • Industrial Properties
  • Infill Land
  • Multi-family Residences
  • Oil & Gas Properties
  • Office Buildings
  • Retail Properties
  • Mixed Use Property
  • Single Family Homes & Developments
  • Restaurants
  • Schools
  • Regional & Strip Malls
  • Self-Storage
  • Marinas and Other Specialty Properties
Turnaround, Restructuring, Fiduciary & Expert Services

The key to a successful turnaround or restructuring of a real estate intensive business involves quickly taking possession of operations to stabilize costs and generate cash flow. This enables us to design and implement a strategic plan to optimize the value of the real estate assets for a debt and equity restructuring, refinancing, capital raise, or sale. 

Our turnaround and restructuring expertise in distressed CRE engagements spans the following services for properties ranging from single locations to expansive real estate portfolios:

  • Alter Ego / Reverse Alter Ego Assessment
  • Assessing Causes of Financial Distress and/or Insolvency
  • Bankruptcy Advisory / Alternatives to Bankruptcy
  • Board Advisory
  • Business / Operational Assessments
  • Business Plan Validation
  • Credit Recovery Action
  • Expert Witness & Litigation Support
  • Financial & Operational Performance Improvement
  • Fraudulent Conveyance Analysis
  • Fraudulent Transfer
  • Interim Management
  • Lender Advisory
  • Liquidity Management
  • Ponzi Winner / Commission on
  • Preference Transfer Analysis
  • Receiverships
  • Recipient Claw-Back Actions
  • Recovery Services
  • Solvency Analysis
  • Substantive Consolidations
  • Trust-Fund Doctrine

Our team delivers a comprehensive solution for lenders, creditors, shareholders, and other stakeholders, often serving as Receiver when necessary. We efficiently and effectively:

  • Take control of all operations, accounting, and cash flow
  • Negotiate with lenders, creditors, tenants, landlords, and other stakeholders 
  • Keep lenders, creditors, shareholders, and other stakeholders informed
  • Create reports for courts, lenders, and other stakeholders
  • Complete construction, as needed
  • Conduct forensic accounting
  • Catalog and remedy deferred maintenance
  • Ensure compliance with permits & environmental requirements
  • Review tenant leases, evict tenants as needed, and manage tenant communications
  • Resolve disputes
  • Restructure loans with banks or negotiate refinancings 
  • Retain and manage leading brokers to list properties for sale or lease
  • Negotiate sale contracts and coordinate escrow and closing requirements
Real Property Valuation & Advisory Services

Our valuation and advisory experts provide comprehensive support in distressed real property / commercial real estate (CRE) matters. We help clients solve intricate commercial real estate matters utilizing advanced research analytics, market intelligence, and extensive knowledge of the changing laws and regulations issued by state and federal agencies, as well as new guidelines from international and accounting entities. Our experts support legal counsel, their clients, and other professionals to interpret pertinent issues pre- and post-discovery regarding contested valuations and potential damages.

Our services include:

  • Asset-Based Lending Advisory
  • Commercial Real Estate Dispute Analysis
  • Financial Reporting Consulting / Purchase Price Allocation
  • Litigation Support
  • Real Estate Appraisals
  • Single Asset & Multi-State Real Property Portfolio Appraisals
Construction Advisory Services

As experts in construction dispute resolution, we leverage our understanding of the construction industry to avoid, and when necessary, identify, assess, and resolve construction claims and disputes that may arise. As third-party project managers and owners' representatives, we are proud of our reputation as a trusted business partner, from concept to closeout, on domestic and international construction projects.

Our services in distressed CRE engagements include:

  • Construction Contract Claims Consulting - Claim Avoidance, Preparation/Defense & Settlement Services
  • Construction Estimating
  • Construction Insurance Claims Services
  • Construction Monitoring
  • Construction Scheduling & Planning
  • Dispute Resolution & International Arbitration
  • Due Diligence / Value Assurance Assessments
  • Facility Condition Assessments
  • Forensic Architecture & Engineering
  • Pre- & Post-Default Services
  • Project Contract, Cost, Schedule, Process & Controls, Performance & Compliance Audits
  • Project Support & Program Management / Owner's Representation for New Construction, Expansions & Remediation
  • Takeover/Tendering Assistance & Monitoring
Environmental, Health & Safety Services

Our Environmental, Health & Safety (EHS) consultants deliver specialized expertise in matters involving environmental damage and remediation, environmental due diligence, toxicology and epidemiology, industrial hygiene, product stewardship and product liability, and human health and safety.

Our EHS experts include former practicing environmental and regulatory attorneys, industrial hygienists, toxicologists and epidemiologists, professional engineers, licensed medical doctors, Certified Safety Professionals (CSP), Certified Floodplain Managers (CFM), air quality experts, GIS and related technology experts, geologists, hydrologists, geophysicists, and regulatory compliance experts, among other disciplines.

Our services in CRE matters include:

  • EHS Support for Property Development, Transition & Transaction
    • Building Oversight Services
    • Ecological Studies
    • Environmental Monitoring
    • Environmental Sampling (Soil, Water & Air)
    • Site Characterization
  • Environmental Due Diligence & Risk Assessments
  • Environmental Impact Assessments
  • Environmental Investigations & Remediation Services
  • Environmental Permitting Compliance & Support
  • Environmental Regulatory Compliance & Consulting
  • Environmental Surveys to Identify & Assess Endangered & Threatened Species, Regulated Materials, Wetlands
  • Geotechnical Inspections & Remediation
  • GIS & GPS Data Visualization
  • Industrial Hygiene Services
  • Natural Resources Consulting Services
  • Phase I & Phase II Site Assessments
  • Third-Party Environmental Remediation Assessments
    • Contractor Oversight
    • Post-Remediation Verification
    • Protocol & Invoice Reviews
    • Rendering of Outside, Independent Opinions
    • Risk Analysis
 
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