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Court Appointed Receiverships

Price Edwards & Company principals have served as Receiver on over 50 retail, office, industrial, and multifamily properties across Oklahoma. Given the current realities of both the financing and tenant markets, lenders are now finding themselves in a position where they need to quickly gain control of assets in an effort to avoid further physical deterioration and loss of value.

Once installed as Receiver, via court order, Price Edwards & Company and its staff will move to secure the property, gain control of all operating accounts, notify all vendors, interview and evaluate the level and competency of existing staff, document the current condition of the physical plant, review all vendor pricing and scope of services, obtain all relevant lease files and records, assure proper levels of insurance are in place, and begin to build a relationship with existing tenants or residents in an effort to stabilize property related income streams. Once these and a variety of other foundational measures are taken, a property specific asset plan can then be initiated.

Price Edwards & Company is very familiar with the requirements associated with the court approval process, bonding requirements, the detailed financial reporting appropriate for this type of legal action, and the obligation to serve as an officer of the court until formally dismissed.

Properties where Price Edwards has served as receiver

Retail receiver list
Property NameSquare Feet
Crossroads Mall, Oklahoma City, OK1.2 Million
Alameda Square Shopping Center, Norman, OK85,420
Berkshire Plaza Shopping Center, Edmond, OK39,000
Brookwood, North I & II Shopping Center, Oklahoma City, OK58,429
Bryant Square Shopping Center, Edmond, OK282,000
Canadian Square Shopping Center, El Reno, OK133,779
Crossroads Cinema, Oklahoma City, OK32,139
Crossroads Shopping Center, Oklahoma City, OK31,269
Edmond Plaza Shopping Center, Edmond, OK158,373
Kelly Plaza Shopping Center, Edmond, OK85,365
Rockwell Plaza Shopping Center, Oklahoma City, OK406,000
Southwestern Plaza Shopping Center, Oklahoma City117,846
Walker Square Shopping Center, Oklahoma City, OK136,000
Broken Arrow Associates, Broken Arrow, OK10,000
Redbud Center, Broken Arrow, OK6,600
Bradford Plaza, Stillwater, OK96,000
Total Square Feet1,678,220

 

Multifamily receiver list
Property NameUnits
Autumn Creek Apartments, Oklahoma City, OK152
Autumn Glen Apartments, Del City, OK244
Brighton Place Apartments, Oklahoma City, OK158
Brookwood Village Apartments, Oklahoma City, OK1,141
Bryant Square Apartments, Edmond, OK96
Cambridge Landaing Apartments, Oklahoma City, OK400
Candlewood Apartments, Del City, OK264
Cherry Hill II Apartments, Tulsa, OK128
Chestnut Hill110
Cimarron Apts FNMA240
Cimarron Pointe Apartments, Oklahoma City, OK252
College View Edmond44
Country Meadows Apartments, Lawton, OK201
Courtyard Apartments, Oklahoma City, OK96
Eagle Pointe Apartments, Oklahoma City, OK286
Executive Hills Series, Tulsa131
Garden Haus Apartments, Oklahoma City, OK252
Grandville Apartments, Oklahoma City, OK240
Hidden Village Apartments, Edmond, OK100
Hollybrook Apartments, Lawton, OK20
Knight Lake Apartments, Oklahoma City, OK160
Lakewood Park Apartments, Oklahoma City, OK215
Lakeside Village Apartments, Oklahoma City, OK150
Meadow Creek Apartments, Oklahoma City, OK68
Midwest Territory Apartments, Midwest City, OK176
Park Place, Oklahoma City, OK260
Park West Apartments, Norman, OK160
Pickwick Arms Tulsa260
Plum Tree Oklahoma City36
Rivera Park Apartments, Oklahoma City, OK80
River's Edge Apartments Tulsa48
Rockwell Plaza Apartments, Oklahoma City, OK304
Southern Elms, Tulsa, OK78
Springcreek Apartments, Oklahoma City, OK336
Steeple Chase Oklahoma City, OK224
Summerwood Apartments, Oklahoma City, OK96
Tammaron Village Apartments, Oklahoma City, OK400
Tanglewood Apartments, Lawton, OK55
Timberwood Apartments, Oklahoma City, OK128
Town & Country Village,Oklahoma City, OK200
Walker Place Apartments, Oklahoma City, OK164
West Point Apartments, Oklahoma City, OK82
Woodpark Estates Apartments, Oklahoma City, OK207
Woodside Apartments, Midwest City, OK188
Yorkshire Apartments, Midwest City, OK111
Total Units8,741
Office receiver list
Property NameSquare Feet
2525 NW Expressway Office Bldg, Oklahoma City, OK82,000
Oklahoma Tower, Oklahoma City, OK568,000
United Founders Tower, Oklahoma City, OK160,000
Total Square Feet810,000

Price Edwards & Company is proud to be the leader in Oklahoma commercial real estate. We are a full service firm headquartered in Oklahoma City. Formed in 1988. We employ approximately 150 professionals in Oklahoma City, Oklahoma providing a wide range of commercial real estate services.