Case Studies

Asset Management & Liquidation of Bank-Owned Land and Feed Lot

J.S. Held Acquires Chicago-based Turnaround and Restructuring Firm MorrisAnderson

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The Situation

Our experts were engaged in serving as interim leaders for a bank-owned dairy farm and feed lot.

How We Advised

As Interim Managers, our experts optimized the value of a bank-owned dairy farm operating as a feed lot and sold it in a competitive process. We maximized the bank’s recovery by negotiating a new lease with the current tenant prior to selling the property.

Our key actions resulting in the successful recovery for the bank included:

  • Took possession of the property.
  • Negotiated a new lease with the current operator to establish payment terms and move out timing to maximize value.
  • Listed the property for sale and ran a competitive marketing process.
  • Negotiated the sale contract and coordinated escrow and other closing requirements.
  • Monitored on-site activity throughout the process, including all permits, property-level accounting, environmental monitoring (soil, well, air) and operator’s waste management protocols.

Key Contact

David Kieffer
Senior Managing Director,
Strategic Advisory
+1 213 235 0602
[email protected]

Related Practice Areas

> Chief Restructuring Officer (CRO) & Interim Management Services
Our experienced C-suite interim executives advise and support companies in financial distress, experiencing hypergrowth, or that are challenged by critical vacancies among senior leadership. Our professionals are trusted advisors who apply decades of hands-on operating experience to serve as full- and part-time interim C-level management and augment line positions, providing strategic advisory and tactical execution support to fulfill clients’ management needs. 

 

> Fiduciary Services – Receivers, Assignees, Trustees
We deliver unbiased, expert solutions in court-mandated and out-of-court situations that demand a third-party fiduciary, including insolvency, fraud, litigation, and shareholder disputes. Our full-service team of financial and operational experts serve as Federal and State Receiver, Bankruptcy Trustee & Examiner, and Assignee for the Benefit of Creditors (ABC), designing and implementing recovery strategies to maximize the value for all stakeholders.

 

> Organizational Performance Improvement
We leverage extensive experience to serve as a partner to organizations to implement the appropriate operational steps to grow their business and create enterprise value. Our experts have diverse backgrounds and are expert problem solvers. We rapidly assess a situation, develop a holistic solution, and execute efficiently with purpose.

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