Case Study:
PICO Portfolio
Engaged by lender to help portfolio of Multi-Family Properties Embroiled in Contested Divorce Proceeding
Engaged by lender with approximately $3 billion in investments to manage its foreclosed portfolio of five (5) multi-family properties in San Antonio, Texas totaling 772 units. Pre-foreclosure, the properties experienced significant deferred maintenance and other neglect, leading to an occupancy in the 30% range.
The Solution
Lead process for the lender to stabilize each property in the portfolio – each with different needs and strategies.
Deploy new capital to make hundreds of new units rentable to boost occupancy and create sustainable communities (and cash flow) that will allow the lender to sell the portfolio and recoup its capital.
The Results
This is a pending matter.
Services & Roles
Fiduciary Services
*Some engagements may have been performed by team prior to joining Harney Partners.
