The court-appointed Receiver overseeing the PSW Receivership has released a comprehensive update outlining the meticulous plan for asset sale and distribution, aiming to maximize returns for creditors. Engaging the expertise of Onyx Asset Advisors and A&G Realty Advisors, the investment banking team is set to efficiently market all Receivership Properties across Austin, Dallas, Seattle, and Denver. The engagement agreement, structured to incentivize high asset value, has already garnered interest from 34 potential buyers and investors.
In the event of unsold assets, the Receiver emphasizes a meticulous asset-by-asset analysis to determine the most strategic course of action. Specialized managers are poised to handle mixed-use projects, residential real estate marketing, and commercial tenant identification, ensuring optimal management tailored to the diverse portfolio.
Post-sale, the Receiver plans to file a motion for a distribution plan with the Court, navigating remaining assets after satisfying secured lender payments and administrative expenses. A pivotal forensic accounting analysis will unravel co-mingled assets and liabilities, paving the way for a fair and transparent distribution based on economic performance.
The Receiver underlines the commitment to court collaboration and approval, reinforcing a transparent and equitable process. As the PSW Receivership maneuvers through complex financial landscapes, stakeholders can expect a judicious and thorough approach to asset sale and distribution, safeguarding the interests of all involved parties.