John A. Burpee Court Appointed Receiver
Grande Oasis Condos – 1000 units in Tampa, FL
In fall of 2008 John Burpee & Associates was contacted regarding the Grand Oasis in Tampa, Florida. Grand Oasis is a 1,000 unit multifamily / condo property located in Tampa. John Burpee performed a valuation on the property at that time and presented a proposal to market the note.
- John Burpee was contacted regarding Grand Oasis in Tampa. John consulted on current market conditions and completed a valuation on the property.
- John Burpee was appointed as receiver and implement property management to secure the property.
- John Burpee continued to review current operating procedures to cut overhead and to implement more cost effective processes on the property.
- John Burpee completed the sale of the note and mortgage resulting in a $10 million dollar increase in value.
- JBA managed the asset and then disposed of the property through a brokerage sale.