REAS: Real Estate Advisory Services, LLC

Job Portfolio

Receivership Assignment
Innovative Construction - Charlotte County, Florida
(Fifth Third Bank)

Description & Duties

• Singlefamily Residential Portfolio
• 12 properties
  • 7 finished units, 3 under construction, 2 vacant lots
• Oversight of property and maintenance
• Managed sale of 5 units

Status or Disposition

• Foreclosure completed by lender
• Property managers July - November, 2009

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Receivership Assignment
Club Estates - Collier County, Florida
(Gibraltar Private Bank)

Description & Duties

• Highend "spec" home. Was abandoned, given back to the lender in foreclosure
• Receiver got bids to repair and refurbish the house, following theft and vandalism from prior owners
• Home, grounds and swimming pool were repaired, and made functional in good order

Status or Disposition

• Foreclosure completed by lender
• Property sold to investor

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Receivership Assignment
Springs Resort - San Carlos, Florida
(Fifth Third Bank)

Description & Duties

• 50 room existing motel originally built 1960's
• Receiver supervised and directed property managers who were hired to manage day-to-day operations on-site

Status or Disposition

• Receiver located purchasers
• Property sold to investor

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Receivership Assignment
Palm Professional Terrace - Fort Myers, Florida
(Bank of Florida)

Description & Duties

• 28,814 square foot professional office complex In 2 buildings
• Receiver's office collected rents, directed payment of bills and expenses
• Receiver continued as Property Managers, following completion of Foreclosure by the Lender

Status or Disposition

• Foreclosure completed by Lender
• REAS managed after foreclosure August & September, 2009

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Receivership Assignment
Gateway / Crossings - North Port, Florida
(Fifth Third Bank)

Description & Duties

• 28,000 square foot retail center
• 30,000 square foot commercial office building
• Receiver's office managed the property. Ultimately, the Receiver hired a property management firm, who assumed responsibility for day-to-day operations and management and leasing.

Status or Disposition

• Foreclosure completed by Lender

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Receivership Assignment
Corner Building - Naples, Florida
(TIB Bank)

Description & Duties

• 4 commercial/office suites - ground floor
• 4 x 2-story residential units - upstairs
• Receiver's office collected rents, paid expenses and oversaw property management and repairs

Status or Disposition

• Property sold in settlement/short sale

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Receivership Assignment
Business Park - Income Properties - Bonita Springs, Florida (Greyhound Business Park)
(Liberty Bank)
May 2010 to present

Description & Duties

• 2 office/warehouse buildings (across the street)
• 1 x single tenant net leased facility
• Receiver's office collected rents, paid expenses and oversaw property management and leasing

Status or Disposition

• Active Receiver Assignment

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Receivership Assignment
Business Park - Income Properties - Bonita Springs, Florida (Greyhound Business Park)
(EverBank)
March 2011 to present

Description & Duties

• Multi-tenant flex space property
• Receiver oversaw property inspections, cleanup, collected rents, paid expenses

Status or Disposition

• Foreclosure completed by Lender
• REAS remained as property managers

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Receivership Assignment
Business Park - Income Properties (vacant) - North Naples, Florida (Railhead Industrial Park)
(EverBank)
December 2010 to present

Description & Duties

• Single tenant office/warehouse property
• Receiver oversaw property inspection, repairs, cleanup and maintenance

Status or Disposition

• Foreclosure completed by Lender
• REAS remained as property managers

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Receivership Assignment
Business Park - Income Properties - Bonita Springs, Florida (Greyhound Business Park)
(Private Lender)
January 2011 to present

Description & Duties

• 2 Building Office/Warehouse, Flexspace
• Receiver oversaw property inspection, repairs, cleanup and maintenance
• Collected Income and paid expenses

Status or Disposition

• Active Receiver Assignment

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Receivership Assignment
Vivante - Condonimium Development - Punta Gorda, Florida
(Fifth Third Bank)
July 10, 2009 to present

Description & Duties

• Vivante is a 342 unit condominium development in Punta Gorda, Florida. Receiver was in charge of:
  • 31 "clean" finished condominium units
  • 15 units, in a building with Chinese Drywall issues
  • 10.8 acres of vacant, Phase II land.
• Receiver supervised maintenance, marketing and sales, court administration of the case, plus court approvals

Status or Disposition

• Active Receiver Assignment