ABC’s of Commercial Real Estate Bankruptcy
November 17, 2014 1:30 – 3:30 ET
Bankruptcy is a ubiquitous term in the commercial real estate business lexicon. However, relatively few professionals have a fundamental understanding of this somewhat arcane part of the business world and the rights and risks conferred when a bankruptcy petition is filed. This new ULI webinar will provide an informative primer on the different types of bankruptcy cases (Chapter 7, 9, 11, 12, 13) that can be filed, and the implications they can hold for various stakeholders. The program will address the rights, risks, and remedies that exist from the perspective of lenders, owners, tenants, vendors, and borrowers. Delivered by a non-attorney, this program will explain the basic processes and procedures associated with a commercial real estate bankruptcy in a clear and succinct manner. This informative program will help you prepare for what is often an unexpected and perplexing business event.
Rick Arrowsmith is a Managing Director with Alvarez & Marsal Healthcare Industry Group in Washington, D.C. He specializes in turnaround and restructuring advisory on behalf of senior lenders. His primary areas of concentration are sub-acute care, dental and laboratory companies.
With more than 23 years of creditor workout experience including 12 years with the leader in the healthcare lending space – GE Capital Healthcare Financial Services.
Mr. Arrowsmith’s notable assignments include leading the restructuring efforts on behalf of GE Capital related to their $600MM loan portfolio to Sunwest Management and affiliates, a multi-state assisted living owner and operator that filed for CH11 bankruptcy in 2009. Mr. Arrowsmith also led the Chapter 11 process for the Highgate Management portfolio of nursing homes through an extended 363 sale and New York State licensure process. Most recently, Mr. Arrowsmith was responsible for building and leading a collection team for Hudson Americas, an affiliate of Lone Star Funds, a large private equity firm based in Dallas. Mr. Arrowsmith has worked with clients across various industries, including dental, managed care, senior living, skilled nursing and other subacute platforms as well as many commercial real estate and equipment leasing portfolios.
Prior to joining A&M, Mr. Arrowsmith spent two and ½ years with Hudson Americas in Washington, D.C., where he most recently served as Senior Vice President managing the nine person Asset Recovery team. Mr. Arrowsmith also directly managed all of the loan assets in the portfolio that were in bankruptcy. From 2001 until 2012, Mr. Arrowsmith was a Senior Vice President in the Special Assets Group of GE Capital’s Healthcare Financial Services division where he led many restructuring and workout efforts for cash flow, asset-based, equipment leases and real estate secured loans.
Mr. Arrowsmith earned a bachelor’s degree in Finance from The University of Maryland and a Master of Science degree from American University. Mr. Arrowsmith is a member of the American Bankruptcy Institute.
Govt. nonprofit member: $100
Govt. nonprofit nonmember: $135
*All fees are in USD.
To register, click here.