FORT LAUDERDALE, Fla. – Berger Special Assets, a division of Berger Commercial Realty Corp., announced Lloyd Berger has been named receiver for two properties in Naples, Fla. – River Park, located at 330 11th St. North and 1015 2nd Ave. North; and
Gordon River, located at 1400 5th Ave. North.
“Our plan is to turn around these properties and restore their values and occupancy levels,” said Berger, founder and president of Berger Commercial Realty Corp.
River Park is a nine-building complex consisting of 108 units. Gordon River is a 12-building apartment complex containing 96 units. The property features a playground and a pool and is near the beach .
Berger Special Assets (BSA), a division of Berger Commercial Realty Corp., serves as receiver, management company, leasing and sales agent for distressed commercial and multi-family properties on behalf of lenders. Founded in late 2008, BSA grew exponentially in 2009 from nine active accounts in five cities and 16 properties to 25 cities with 128 properties, geographically expanding from South Florida to Tampa, St. Petersburg, Orlando, Daytona, the Southwest corridor and all points in between. In the process, Berger Commercial Realty Corp. and its subsidiaries have grown to a staff of 38 statewide.
In addition to referrals from real estate attorneys and lenders, BSA now is seeing new assignments coming from debt investors acquiring distressed loan portfolios from lenders.