Real Estate

Served as Expert Witness in retrial for defendant Idanta Partners, Ltd. in Los Angeles Superior Court against claims by American Master Lease LLC for aiding and abetting a breach of fiduciary duty. Jury awarded $0 in damages.

Financial advisor and investment banker to Chapter 11 Debtor

Force 10 was engaged just prior to the deadline for an amended Plan of Reorganization after the plan on file was rejected by the secured creditor and the court was leaning towards not confirming. Force 10 quickly analyzed the plan model, made market-based recommendations to assumed economics and leasing timelines, and evaluated interest rates and property valuations. The results of Force 10's analysis and recommendations culminated in a reformulated confirmable plan and the secured creditor withdrew its objection paving the way for plan confirmation.

Avoided lien attachments and levies via Chapter 11 with complex state court proceedings. Resolved via full pay Plan of Reorganization.

Confirmed a highly contested Plan of Reorganization involving significant real estate partner business disputes over an approximately $40 mm portfolio.

Chapter 11 Plan of Reorganization

Principals of Force 10 served separately as financial advisor and investment banker to the Debtor, and legal counsel to bidder. Navigated intricate inter-creditor issues. Plan of reorganization was funded by the sale of media and real estate properties.

Force 10 served as court-appointed financial advisors to secure a stalking horse bid and purchaser of the Friendly Village Mobile Home Park, resulting in an $11 million sale. Force 10 managed a complex due diligence process and communicated with more than 200 potential bidders.

Force 10 served as financial advisor to the Debtors.

Served as Receiver of Bankruptcy Debtor affiliate.

A Force 10 affiliate served as Assignee, oversaw on-site equipment auction and wound down the entity.

Force 10's involvement resulted in higher return to creditors/investors than fund sponsor status quo who was accused of ponzi-like behavior.

Out-of-court wind down of operations and assets

Force 10 developed and confirmed a liquidating plan of reorganization, completed the sale/disposition processes for the estate’s owned assets and LLC interests, generating cash for general unsecured creditors’ recovery on their claims.

Representing secured creditor to Chapter 11 debtor

Partner dispute regarding alleged misappropriated funds

Deeply insolvent company abandoned by equity. Determined state court could provide a better venue for creditors. Motion to dismiss the case and appoint a Receiver was successful.

Joint venture between Turnberry and MGM, which built three luxury condominium towers behind the MGM Grand on the Las Vegas strip. The Debtors filed bankruptcy to address litigation by plaintiffs who accused the debtors of fraud, among other causes of action, in selling the condo towers.

Buyside representation on 60-property portfolio spread across Marin and Sonoma Counties in Northern California. The portfolio, comprised of more than 1.4 million square feet of commercial and multifamily space, was acquired for a purchase price of $436.5 million.

Force 10 developed and executed a strategy to finance the chapter 11 case, re-acquire land that had been optioned to raise cash, resolved the claims of the ‘recission LPs’ via an adversary proceeding which resulted in them receiving $0, restructured Fund operations, and confirmed a plan of reorganization that repaid creditors in full and provided both exit financing and the opportunity for the Fund (and its remaining LPs) to move forward with development of the property. Force 10’s work on XS Ranch was awarded “Financials Deal of the Year (Under $500MM)” by The M&A Advisor.