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Colliers Launches South Florida Receivership Unit

CORAL GABLES, FL-David Garfinkle heads the team, working with banks and special servicers.

By Carl Cronan | Updated on October 13, 2009

CORAL GABLES, FL-Locally based Colliers Abood Wood-Fay has established a receivership solutions practice to address the rising number of commercial real estate foreclosures in South Florida. The new division will offer its expertise to banks and special servicers that have been forced to take back properties.

David Garfinkle, an asset manager who has specialized in distressed and underutilized properties for more than a quarter-century, will lead the Colliers Receivership Solutions team. He will work with Adam Pollock, general counsel for receivership solutions, as court-appointed receivers who will take on such tasks as collecting rents, paying expenses, maintaining assets, marketing properties and overseeing dispositions.

Nine team members with over 120 years of combined experience will work to maximize the value of REO assets in all commercial sectors, including fractured condominium projects. Garfinkle previously served as CEO and managing member of Miami-based GWP Group, a real estate investment and management firm where Pollock also served as managing member and general counsel.

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