Since 2008, Highline has been appointed as a receiver across a broad range of cases—from real estate developments and private equity-backed ventures to some of Colorado’s largest cannabis receiverships. Our philosophy is to collaborate with borrowers when possible to maximize recovery while minimizing costs. When cooperation isn’t an option, we’re fully prepared to take decisive action to protect and preserve value.
Our Process
We follow a proven approach to stabilize and reposition distressed assets:
Highline is appointed to stabilize operations and develop a court-approved strategy within 60–90 days. Once approved, we implement that plan to drive results efficiently and effectively.
Explore our case studies to see how Highline has successfully managed complex receiverships across industries. From stabilizing cannabis companies to restructuring real estate portfolios, each case highlights our strategic approach and results-driven execution.
Locating assets, identifying critical issues and maintaining or acquiring insurance are critical first steps. Securing financial information and system access/backup is imperative at this stage.
Cash position/cash flow of the asset or operations dictates asset strategy. All companies in receivership have cash issues, however if operations can be restructured/downsized in an efficient manner, steps can be taken to stabilize the operations such that the cash flow can be retained to fund the receivership and provides a baseline for a going concern valuation of the restructured business. If operations cannot be maintained, a quick and efficient liquidation must be implemented. The asset strategy is presented to the Court for approval prior to implementation in most cases.
Highline leverages existing management on corporate receivership as it is the most cost-effective and these employees have intimate knowledge and expertise, which can significantly contribute to asset recoveries.
For real estate assets, Highline can either retain existing property managers or bring in a third-party asset manager for the duration of the receivership. Highline can work with lender preferred property managers as it makes the transition of the asset post foreclosure more seamless for the institution. Because Highline is not a property manager or broker, it can retain different companies for each service if required.