At Flaherty & Collins, we understand the complexities of properties in receivership and have built a reputation as an industry leader when it comes to managing these properties.

Since 1997, we have managed multifamily properties in receivership totaling nearly 7,000 units in Indiana, Illinois, Michigan, and Ohio. We have also managed four industrial buildings totaling 1.5 million square feet, as well as a 150-unit hotel.

Understanding that receivership periods can range from six months to three years, the highly trained, professional staff at Flaherty & Collins sets specific goals and has a proven set of standard operating procedures to meet the expectations of the lender.

As the management company, our primary goals are to keep all parties informed, file all reports with the court, protect and preserve the asset, and maximize the monthly income.

Our receivership portfolio has included the following properties where we have served as Receiver and Management Agent or as Management Agent for the Lender:

2009
2702 N. Tibbs Avenue, Indianapolis, Indiana - 518,811 square feet (Industrial)
Lender: Wells Fargo

Coldwater Place Shopping Center, Fort Wayne, Indiana - 19,000 square feet (Retail)
Lender: Wells Fargo

Mansion Row Apartments, Indianapolis, Indiana - 39 Units
Lender: Old National Bank

Pinewood Village Apartments, Speedway, Indiana - 81 Units
Lender: Midland

2008
Brookstone Apartments, Indianapolis, Indiana - 366 Units
Lender: California Credit Union

2007
Trails of West Chester *Section 42, West Chester, Ohio - 296 Units
Lender: Suntrust

Madison Terrace, Chicago, Illinois - 96 Units
Lender: PAMI December, LLC

Eagle Pointe Apartments, Indianapolis, Indiana - 256 Units
Lender: LNR Mortgage

Lakewood Lodge Apartments, Indianapolis, Indiana - 454 Units

2005
Wildwood Apartments, Indianapolis, Indiana - 324 Units
Lender: Wells Fargo

Courtyards on Moller, Indianapolis, Indiana, 228 Units
Lender: GMAC

2004
Colonial Crest *Section 42, Kokomo, Indiana - 160 Units
Lender: Kokomo, LLC

Airport Technology, Indianapolis, Indiana - 620,356 sq. ft.
Lender: GMAC

Sir Winston, Indianapolis, IN - 404
Lender: Washington Mutual Bank

Strawbridge *Section 42, Indianapolis, Indiana - 190 Units
Lender: Capital Source Finance, LLC

Jefferson Crossing *Sectioni 42, Kokomo, Indiana, 90 Units
Lender: FannieMae

Greenbriar Apartments, Indianapolis, Indiana - 324 Units
Lender: FannieMae

Jefferson Chase Apartments *Section 42, Blacklist, Ohio - 240 Units
Lender: Allstate Investments

Northampton Village Apartments, Indianapolis, Indiana- 152 Units
Lender: Lennar Partners, Incorporated

2003
The Pointe at Eagle Highlands, Indianapolis, Indiana - 43,000 sq. ft.
Lender: Huntington National Bank

Waterstone Place Apartments, Indianapolis, Indiana - 192 Units
Lender: Capital Source Finance, LLC

Village Park Apartments, Fort Wayne, Indiana - 484 Units
Lender: Aspen Square Management

42nd Place Studios, Indianapolis, Indiana - 100 Units
Lender: First National Acceptance Co.

Belmont Warehouse, Indianapolis, Indiana - 450,000 sq. ft.
Lender: GMAC

2002
Wellsley Office Building, Indianapolis , Indiana - 40,000 sq. ft.
Lender: Lend Lease

North Oaks of Broad Ripple, Indianapolis, Indiana - 398 Units
Lender: Wells Fargo

2001
Beech Grove Village Apartments, Indianapolis , Indiana - 312 Units
Lender: Trustee Bank One

Diplomat South Apartments, Indianapolis, Indiana - 272 Units
Lender: Trustee Bank One

Willowbrook Park Apartments, Indianapolis, Indiana - 384 Units
Lender: Nuveen

Keystone Towers Apartment & Commercial, Indianapolis, Indiana - 238 Units
Lender: Nuveen

Hunters Ridge Apartments, Indianapolis, Indiana - 354 Units
Lender: Strong Capital Management Inc.

Road Industries Industrial Building, Sturgis , Michigan - 123,000 sq. ft.
Lender: Bank One

2000
225 North New Jersey Office Building, Indianapolis , Indiana - 94,000 sq. ft.
Lender: Bank One

Walnut Street Retail, Muncie , Indiana - 20,000 sq. ft.
Lender: Bank One

1999
Indiana Car Care Retail Center, Indianapolis , Indiana - 14,000 sq. ft. 1999
Lender: Bank One

1998
Bradbury Apartments, Indianapolis, Indiana - 118 Units
Lender: Home Federal Savings Bank,

Taurus Food Services – Industrial, Indianapolis , Indiana - 268,000 sq. ft.
Lender: National Bank of Detroit

Ten Little Indians Day Care, Lawrence, Indiana - 20,000 sq. ft.
Lender: Bank One

Drivetown Investments, Muncie, Indiana - 30 Units
Lender: Bank One

Visiting Nurses Office Center, Lafayette , Indiana - 12,000 sq. ft.
Lender: Bank One

Cedarbrook Apartments, Greenwood, Indiana - 43 Units
Lender: Bank One

McMillian Park Apartments, Fort Wayne, Indiana - 216 Units
Lender: Pinnacle Bank

Vacant Land, Indianapolis, Indiana
Lender: Bank One

Days Inn Motel, Remmington, Indiana
Lender: The Money Store

1997
Peppermint College Daycare, Avon, Indiana
Lender: Bank One

Indiana Christian Children's Home, Ladoga, Indiana
Lender: Bank One

Homestead Apartments, Crawfordsville, Indiana - 38 Units
Lender: Bank One