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Receiverships To Last, Increase Until 2015

SCHAUMBURG, IL-John Fitzmaurice, founder and principal of locally based JCF Real Estate, says he sees larger, more valuable properties coming into receivership this year.

By Robert Carr | Updated on April 20, 2011

SCHAUMBURG, IL-JCF Real Estate, based here, has taken on receivership assignments for 13 properties in Chicago and the suburbs. The office, retail, residential and multifamily properties add to the company’s 100 receivership and REO assignments.

The properties are in Chicago, Glenview, Antioch, Wheeling, Inverness, Lisle, Oak Park, Riverside, North Barrington and Aurora. John Fitzmaurice, founder and principal, said the firm will establish property management procedures that will stabilize, protect and preserve the asset, as well as overseeing lease management, budgeting and disposition.

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