In the case of a distressed condominium project that was less than 20% developed, Amicus Management was able to use its status as court-appointed receiver to successfully repackage the 35-acre asset so that it was salable in the ever-changing real estate market.

The result: Amicus Management was able to sell the entire former Koinonia Woods project in Plainfield Township in three components, to two different developers in less than five months, essentially liquidating a troubled real estate asset at fair market value in a difficult economy.