In July, Amicus Management faced a daunting challenge when it was named court appointed receiver by the Ninth Judicial Circuit Court for Kalamazoo County to manage and reinvigorate four student housing complexes near Western Michigan University that offered 344 beds.

In an overbuilt student housing market, Amicus Management needed to refurbish, repair and re-lease a majority of the units within a month, or risk missing "the turn" - the time of year when the previous year's students move out, and the current year's students move in.