A state and federal court receiver. His receivership experience includes hundreds of cases filed throughout California, Nevada and Arizona during the last decade. These cases involve state court actions filed by secured creditors of commercial, residential and retail properties, as well as cases filed in federal court concerning governmental enforcement actions.
He has been appointed as receiver in cases involving corporate and partnership dissolution, judgment enforcement, and the resolution of complex real estate transactions. In addition, he has acted as the receiver in cases involving gas stations, oil & gas wells and criminal fraud.
Resume & Credentials
Receivership appointments demand specialized knowledge and skill. He has at his disposal all resources necessary to effectively and efficiently administer all receivership estates. Upon appointment, He and his staff immediately obtain and file all required bonds, locate and seize all assets belonging to the estate and a continual flow of accurate and comprehensive reports are provided to all interested parties. These reports include inventories, all necessary court filings, operating reports, investor correspondence and notices to applicable taxing and licensing entities.
As necessary, audits of the defendant's books and records are undertaken. The receiver and his staff as well as his court-approved professionals provide forensic accounting, asset seizure, valuation and liquidation, legal/litigation support and property management services. Every receivership comes with a unique set of challenges. He matches the experience of his associates and professionals with the needs of the estate, employing only those required to effectively control and evaluate the assets. This approach will reduce costs associated with the employment of a receiver.
Areas of Expertise:
Real Property and Business Receiverships
SEC Enforcement
Asset Liquidation
Property Management
Real Estate Acquisition, Leasing and Brokerage
Real Estate Financing
Cash Flow Analysis
Troubled Real Estate Properties
Workouts
Tenant Improvements
Broker Opinion of Value
Employment History
1990 to Present Federal Court Receiver and Expert Witness
1985 to Present President and CEO, Jalmar Properties, Inc. AMO, a California Corporation. Real estate investment, development and property management.
1983 to 1985 President, American National Financial Corporation. Responsible for the development, finance and management of various commercial, residential and income properties developed by the company
1976 to 1983 Vice President, Atlantic-Pacific Construction Company. Responsible for land acquisition, development, finance and property management single family, multi-family, condominium and commercial properties developed by the company.
1973 to 1976 Vice President, Construction Loan Manager-Western Mortgage Corporation. Responsible for loan origination and administration of a $200 million construction loan portfolio.
1971 to 1973 Vice President, U.S. Guaranty Capital Corporation. A joint venture real estate development and finance company. Responsible for construction loan origination and administration of a $100 million loan portfolio.
1969 to 1971 Manager, Escrow Department, First Interstate Bank.
1965 to 1969 Escrow Officer and Trustee's Sale Officer, SafeCo Title Insurance Company. Responsible for various types of escrow transactions and for all Trustee's Sales held by the company in San Diego.
Education, Affiliations, Licenses & Designations
● San Diego State University, Major-Business Management
● Licensed Real Estate Broker, State of California and State of Nevada
● Licensed Property Manager, State of Nevada
● Institute of Real Estate Management (IREM), CPM Designation
Memberships
● Institute of Real Estate Management
● Los Angeles Apartment Owners Association
● California Apartment Association
● The California Receivers Forum
● Beverly Hills Association of Realtors
● National Association of Realtors
● 1999/2000 Chairperson-AMO Committee IREM-LA
● 2000 Board of Directors IREM-LA
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