J. Carson, principal of Carson Equities LLC, was appointed asset receiver in matters pertaining to Allen Pointe Condominiums Allen Park, MI and Fairfield Condominiums, Fenton, MI.
Allen Pointe Condominiums was constructed in the 1970’s, originally developed as a 250 unit “in-fill” apartment community. In 2004, the apartment units were converted into for-sale condominium. Presently, there are 113 developer-owned garden-style rental units featuring one and two-bedroom floor plans, within two-story buildings (note: individual condominium sales are continuing and, therefore, the total amount of developer owned rental units may be less than indicated herein). Allen Pointe is located in Allen Park, MI near the Detroit Metropolitan Airport, Ford Motor Company World Headquarters, General Motors, Masco Corporation, and Compuware.
The Fairfield Condominiums, located in Fenton, MI, was built in 2001 as a 180 unit apartment community featuring one and two-bedroom floor plans, a full amenity clubhouse, swimming pool and tennis courts. In 2006 the apartment units were converted into for-sale condominiums. Presently, there are 125 developer-owned rental units remaining. Fairfield is located on Silver Parkway and is near Ann Arbor, Metropolitan Detroit and Grand Blanc. Carson Equities hired Dietz Property Group of Birmingham, MI to provide property management at Fairfield Condominiums and Allen Pointe Condominiums.
Carson Equities provides corporate and real estate advisory services to private and public institutions; addressing their delinquent and non-performing obligations. Carson Equities third-party management affiliate and court-appointed receivership commitments establish knowledgeable, consistent and cost-effective oversight to assist national, regional and local lenders with their distinct asset requirements. Carson Equities successfully provides its services by i) placing knowledgeable, qualified support staff within the process ii) incorporating consistency between the lender, lender counsel and borrower iii) developing a strategic plan and cost recovery estimates that fit within the short and long-term goals; iv) providing litigation support as needed and v) developing short and long term solutions to non-performing obligations and assets.
