RECEIVERSHIP

A Receivership is a court appointed position in which an individual is given the fiduciary responsibility to preserve and protect receivership property, which includes tangible and intangible assets and rights.

Receivership requires the strictest of trust relationships. As a court-appointed receiver, knowledge about receivership laws and concepts are vital. Receiverships require leadership, experience, knowledge, management and business operation skills.

ALPS Group® has an experienced team of bonded and insured Court-Appointed Receivers that provide services Nationwide.

At ALPS Group®, our Receivers assist in

  • Equity/ Collateral is where a Receiver is there to control and operate the business. The Receiver analyzes what is best for the business and implements the plan.
  • Regulatory receivership appointments to insure protection and preserve investor funds.
  • Secured creditor cases where lenders are proceedings in real estate foreclosure actions and requesting a Receiver to protect the asset.

ALPS Group® Court-Appointed Receiver Qualifications

All ALPS Group® Receivers are experienced in court on a variety of asset types and have met certain ALPS Group® requirements. These requirements are that all receivers have knowledge of legal proceeding, construction and have a paralegal certification. In addition, they are required to earn CLE and CEU credits on a regular basis and to author articles related to their field.

We are members of National Association of Federal Equities Receivers (NAFER), California Receiver Forum (CRF), Chicago Bar Association (CBA), American Bar Association (ABA) and Part 36 Certified (New York).

ALPS Group® Service Types

Retail facilities, malls, commercial strip centers, dry cleaners, laundromats, golf courses, mobile home parks, residential developments, multi-family facilities, apartment complexes, single family and mixed use developments, gas stations, car washes, storage facilities, medical facilities, hotels/motels, restaurants, convenience stores, mid-rise buildings, condominiums, daycare facilities, industrial parks, warehouses, office parks, churches, marinas, equestrian facilities, OEM/manufacturing, construction sites and business operations/business dissolution, governmental, regulatory agencies, equities recovery and oversight.

TESTIMONIALS

Jim Paul

DIRECTOR

EXPERIENCE

Since its inception in 1995, the ALPS Group has specialized in the commercial, industrial and residential real estate industry along with business operations.

ALPS Group expertize is in State and Federal Receivership, Property Management, General Construction & Remediation, Real Estates Sales and Leasing. Mr. Paul’s areas of concentration include:

Serves as court-appointed receiver on behalf of lenders, servicers or note buyers.  Coordinates and controls all activities associated with the asset(s).  Determines appropriate sell/hold strategy to promote recovery while minimizing additional exposure.  Engages qualified professionals to assist with valuation and disposition of asset(s) as appropriate and specializes in maximizing asset value and risk management.

Types of Asset Management: Retail, malls, commercial strip centers, golf courses, mobile home parks, residential developments, multi-family, mix-use, homeowner associations, gas stations, car washes, storage facilities, medical facilities, hotels/motels, restaurants, convenience stores, mid-rise buildings, daycare facilities, industrial parks, warehouses, office parks, churches, OEM/manufacturing, construction sites and business operation and dissolution.

Our Receivership and Property Management services the continental United States.

ACCOMPLISHMENTS: 

  • State and Federal Receiver in multiple states
    1. Part 36 New York Receivership Approved
    2. Founded The ALPS Group in 1995
    3. Top Gun Producer in multi-million dollar real estate sales
  • Management and coordination for various commercial, industrial and residential properties. This includes normal operations, leasing, minor and major renovation including sales coordination
    1. Advisory Consultant to the lending institutions and investment groups for Asset Management and REO disposition, including asset evaluation
    2. General Contractor for various high level commercial and residential projects
    3. Recognized for Creative Community Development Design (eCommunity) by Crain’s Business
    4. Past Director for the Southwest Home Builders Association
    5. Past Associate Director for the Soil & Water Conversation District
    6. Past CEO and owner of EcoGuard Mold Remediation

EDUCATION

  • Purdue University, Indiana – Bachelor of Science in Electrical Engineering
  • Purdue University- Inland Steel – Research & Development-Blast Furnace Research
  • Northern Illinois University, Illinois – Land Development I & II Certification
  • Governors State University, Illinois – MBA Courses
  • Purdue University, Indiana – Paralegal Certificate
  • IREM – CPM Candidate (Certified Property Manager)

PROFESSIONAL AFFILIATIONS AND MEMBERSHIPS

  • Chicago Bar Association (CBA)
  • American Bar Association (ABA)
  • Institute of Real Estate Management (IREM)
  • National Association of Residential Property Managers (NARPM)

RECEIVERSHIP/PROPERTY MANAGEMENT/CONSTRUCTION PORTFOLIO (Sampling of Past Cases)

PROPERTIES:

Restaurant Orland Park, IL

Laundromat & Cleaners Chicago, IL

Commercial & Residential Complex Daytona, FL

Commercial Building Akron, OH

Restaurant Joliet, IL

Residential Buildings Paducah, KY

Gas & Convenient Stations Watseka, IL

Commercial Retail Sarasota, FL

Restaurant Crest Hill, IL

Laundromat & Dry Cleaners Center Chicago, IL

Golf Course-Twenty Seven Hole Course Beecher, IL

Residential Subdivision Lynwood, IL

Commercial-2-Unit Elbridge, NY

Restaurant Joliet, IL

Storage & Office Facility Chicago Ridge, IL

Industrial Warehouse Racine, WI

Mobile Home Park – 57 Unit Gary, IN

Residential Building- 8 Unit Rochester, NH

Residential & Commercial Development Crest Hill, IL

Industrial Building Ringwood, IL

Restaurant Chicago, IL

Residential Building- 7 Unit Norwich, NY

Residential Building Ashland, KY

Restaurant Plainfield, IL

Commercial – 18 Unit Retail Crown Point, IN

Commercial- 171 Unit Apartment Complex DeKalb, IL

Residential- 12 Unit Fitchburg, MA

Residential Building- 8 Unit Newport, NH

Commercial & Residential Building Peekskill, NY

Gas & Convenient Station Chicago, IL

Commercial Building-20 Unit Mt. Oliver, PA

Commercial Building Mine Hill, NJ

Commercial Condo Ft. Meyers, FL

Restaurant  Chicago, IL

Apartment Complex- 28 Unit Hammond, IN

Residential Subdivision Lake Mills, WI

Apartment complex- 17 Unit Hammond, IN

Multi-unit Luttrell, TN

Restaurant Chicago, IL

PUBLICATIONS

  • Receivership Tips for Foreclosure Cases Community Bankers Association- Banknotes
  • Court – Appointed Receivership Community Bankers Association- Banknotes
  • From one Developer’s Point of View Crain’s Business
  • Drafting Court Orders for Receiverships ALPS News
  • Got Mold ALPS News
  • Property Taxes and Assessments ALPS News
  • Foreclosure Receivership Think Realty
  • Understanding Receivership and Foreclosure Think Realty
  • Finding Foreclosures Think Realty

SPEAKING ENGAGEMENTS

  • Information Management Network – Florida

“Working with & Evaluating Crisis & Turnaround Managers, Restructuring Advisors and Receivers”

  • Information Management Network – Florida

 “Receiver’s — When and How Should you Use Them”

  • Various Speaking Engagements at lending institutions and investment groups for” Lunch and Learn” panel discussions addressing various topics that concern the industry with Foreclosure Properties
  • Various Speaking Engagements at lending institutions and investment groups for” Lunch and Learn” panel discussions addressing various topics that concern the industry with Mold Remediation
  • Various Speaking Engagements at lending institutions and investment groups for” Lunch and Learn” panel discussions addressing various topics that concern the industry with Concealed Firearms
  • Cluster Development- Will County
  • Information Management Network – Chicago

“Receiver’s — When and How Should you Use Them”

  • Information Management Network – Chicago

“Receivers: There When You need Them”

Kim Cahalan

DIRECTOR

EXPERIENCE

Since its inception in 1995, the ALPS Group has specialized in the commercial, industrial and residential real estate industry.

Ms. Cahalan and the ALPS Group’s expertise to specialty assignments are wide-ranging.    Ms. Cahalan specializes in State and Federal Appointed Receiverships.  She is proficient in dealing with tenants and their various issues and concerns, with special attention given to the handling of eviction cases.  She is capable of providing one-on-one site visits and interviews witnesses in all investigation cases. Ms. Cahalan acts as the point of contact with case attorneys representing both sides of the Receivership process and is responsible for compiling the case logs/pleadings for all files.

Ms. Cahalan has been trained and educated in non-receivership criminal investigations to assist investigators and detectives working with governmental entities. Ms. Cahalan’s area of concentration include:

Serves as court-appointed receiver on behalf of lenders, servicers or note buyers.  Coordinates and controls all activities associated with the asset(s).  Determines appropriate sell/hold strategy to promote recovery while minimizing additional exposure.  Engages qualified professionals to assist with valuation and disposition of asset(s) as appropriate and specializes in maximizing asset value and risk management.

Types of Asset Management: Retail, malls, commercial strip centers, golf courses, mobile home parks, residential developments, multi-family, mix-use, homeowner associations, gas stations, car washes, storage facilities, medical facilities, hotels/motels, restaurants, convenience stores, mid-rise buildings, daycare facilities, industrial parks, warehouses, office parks, churches, OEM/manufacturing, construction sites and business operation and dissolution.

Our Receivership and Property Management services the continental United States.

ACCOMPLISHMENTS

  • State and Federal Receiver in multiple states
  • Part 36 New York Receivership approved
  • Management coordination for various commercial, industrial and residential properties. This includes normal operations, leasing, minor and major renovation including sales coordination
  • Advisory Consultant to the lending institutions and investment groups for Asset Management and REO disposition, including asset evaluation

EDUCATION

  • Olivet Nazarene University – Bachelor of Science in Criminal Justice
  • Purdue University – Paralegal Certificate
  • California Receivers Forum, California – Loyola V Complex Case Symposium

PROFESSIONAL AFFILIATIONS AND MEMBERSHIPS

  • National Association of Federal Equity Receivers (NAFER)
  • Chicago Bar Association (CBA)
  • Institute of Real Estate Management (IREM)
  • National Association of Residential Property Managers (NARPM)

RECEIVERSHIP/PROPERTY MANAGEMENT/CONSTRUCTION PORTFOLIO (Sampling of Past Cases)

PROPERTIES:

Commercial Building-8 Units Newark, NJ

Commercial Building Stratford, CT

Commercial & Residential Complex Daytona, FL

Commercial Building Akron, OH

Residential Building Siler City, NC

Residential Buildings Paducah, KY

Commercial Retail Sarasota, FL

Commercial – 2 Unit Buffalo, NY

Commercial – 6 Unit Holbrook, MA

Golf Course-Twenty-Seven Hole Course Beecher, IL

Residential Subdivision Lynwood, IL

Commercial-2-Unit Elbridge, NY

Commercial- 1 Unit Pawling, NY

Storage & Office Facility Chicago Ridge, IL

Industrial Warehouse Racine, WI

Mobile Home Park – 57 Unit Gary, IN

Residential Building- 8 Unit Rochester, NH

Residential & Commercial Development Crest Hill, IL

Industrial Building Ringwood, IL

Commercial Retail Naples, FL

Residential Building- 7 Unit Norwich, NY

Residential Building Ashland, KY

Apartment Complex Claremont, NH

Commercial – 18 Unit Retail Crown Point, IN

Commercial- 171 Unit Apartment Complex DeKalb, IL

Residential- 12 Unit Fitchburg, MA

Residential Building- 8 Unit Newport, NH

Commercial & Residential Building Peekskill, NY

Industrial Ringwood, IL

Commercial Building-20 Unit Mt. Oliver, PA

Commercial Building Mine Hill, NJ

Commercial Condo Ft. Meyers, FL

Commercial- 4 Unit Cape Coral, FL

Apartment Complex- 28 Unit Hammond, IN

Residential Subdivision Lake Mills, WI

Apartment complex- 17 Unit Hammond, IN

Multi-unit Luttrell, TN

Church Complex Various Locations