Distressed Asset Intervention

Hudson is frequently solicited to provide intervention on a distressed asset, whether its acting as a substitute sponsor on cooperative conversions, taking over an affordable housing obligation of a developer/owner who is not able to perform, taking on a property with deferred maintenance issues or any other kind of distressed asset. Hudson works closely with management companies to improve operations, creates capital improvement strategies, corrects deferred maintenance and removes existing violations. Hudson also rehabilitates properties, restructures building debt, pursues appropriate rent adjustments, and constantly strives to improve the buildings’ images and habitability. These strategies have resulted in improved occupant relations as well as improved cash flows from rent or sales.