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Success Stories: Commercial

Self Storage – West Bridgewater, MA

Property Type: Self Storage Facility Location: West Bridgewater, MA Number of Units: 301 units; 29,160 SF Value Created: Occupancy Increased by 15% in 5 months, Increased revenue by 18%, Asset sold for higher than initial estimate BACKGROUND This Self Storage property was in foreclosure and the business in serious distress. When Trigild was retained as […]

Office Building – Los Angeles, CA

Property Type: Office Location: Los Angeles, CA SF: 126,000 sf Value Created: $4.2M in overall value BACKGROUND Trigild was appointed Receiver over a 126,000 sf office building in Los Angeles, California. The Property had a hostile debtor with a litigious history, occupying a significant portion of the building.   This defendant also controlled the parking through […]

Retail Shopping Center – Santa Fe, New Mexico

Property Type: Retail Upscale Shopping Center Location: Santa Fe, New Mexico Size: 85,000 SF; 6 Buildings Value Created: The asset sold at auction at a higher than projected sales price due to successful marketing of alternative uses for the property. BACKGROUND Located in Santa Fe, New Mexico’s  historic retail center, Trigild assumed management of the […]

Retail Shopping Center – Billings, MT

Property Type: Retail Center Location: Billings, MT Building SF: 51,486 sq. ft. Occupancy Increase: from 62% to 91% Value Created: brought property to 91% occupancy and renewed 100% of expiring leases, resulting in increased NOI of 24% BACKGROUND Trigild was first appointed Receiver over the asset in 2014, and in 2015 retained as property manager […]

Fort VII

Property Type: Class A Office Location: Houston, TX & Minneapolis, MN Year Built: 2002 SF: 225,000 SF Challenges: Geographically Varied Portfolio, Cost Control Value Created: 20% Reduction in OPEX Achieved 100% Occupancy BACKGROUND When confronted with a complicated Tenants-In-Common (TIC) Borrower default, the special servicer looked to Trigild in order to guarantee the smooth management […]

Liquidating Trustee/Chief Restructuring Officer – SCI

TIC Properties Sold to Date: 21 Loan Recovery and Vacant Land Proceeds: $9M Distribution to Creditors: $20.7M BACKGROUND Bill Hoffman, Trigild CEO, was appointed Liquidating Trustee after serving as Chief Restructuring Officer over the bankruptcy estate of Secured California Investments, Inc. and SCI Real Estate Investments, LLC, two companies that had implemented a complex TIC […]

Oakdale Industrial

Property Type: Industrial Warehouse Location: Oakdale, CA Building SF: 22,500 SF Land: 1.84 acres Value Created: Increased property sale price by 213% BACKGROUND The asset is a 22,500 sf industrial warehouse located in Oakdale, CA which was a challenging market.  A tenant had not paid rent in over ten months. The building included approximately 6,000 […]

Genesee Executive Plaza

Property Type: Class A Complex – Office/Medical Building Location: San Diego, CA SF: 161,184 SF Size: 3.6 – acre property Occupancy Increase: 45% increase BACKGROUND The Asset is a 161,184 sq. ft. Class A office and medical building Trigild began on the property as Receiver in 2011 and was retained as manager after the property […]

Coldwater Retail Centers Portfolio

Property Type: Retail Strip Centers Location: 19 states throughout the United States SF: 600,000 SF # of Buildings: Portfolio o of 37 Occupancy Increase: from 65% to 80% Value Created: Exceeded initial sales projections by $5 million BACKGROUND Trigild was first appointed property manager then Liquidating Trustee for a portfolio of 37 retail centers located in […]

Mervyn’s Retail Center Portfolio

Property Type: Big Box Retail Location: California, Nevada, Arizona, Texas SF: 2 Million # of Units: Portfolio of 25 Assets Occupancy Increase: From 12% to 89% Value Created: Annual income increased by more than $5.5 Million BACKGROUND When Trigild assumed management of the Mervyns portfolio, it was experiencing a number of challenges: Significant vacancy – […]