Bankruptcy


At the peak of the real estate market, this estate had a net worth of approximately $400 million. In the past 30+ years the investor group had acquired over 400 assessed parcels comprised of multiple asset classes including:

  • Class A office buildings
  • Speculative office buildings
  • Class C office buildings
  • Retail strip centers
  • Vacant land
  • Land with houses
  • Houses converted to multi-family
  • Houses converted to offices
  • Warehouses
  • Industrial land
  • Subdivision land
  • Final map subdivisions
  • Finished lots
  • Rental houses
  • Mitigation banks
  • Mitigation land with partially completed mitigation projects
  • Land leases
  • Vineyards
  • Numerous other complex real estate investments and partnerships

The Unsecured Creditors Committee, who represented over $55 million in creditor investments, retained the Tuxhorn Company to identify issues, prepare an assessment, provide estimates of value and offer qualified commentary on the individual investments. The Tuxhorn Company’s information was used to assist the liquidating trustee, attorneys and financial consultants in preparing and building an exit strategy, resulting in a court approved plan to manage the estate.