WOODLAND, Calif. (August 20, 2014) – ProEquity Asset Management has been named manager of Apple Village
Rick Lafranchi has been named court appointed receiver and ProEquity Asset Management has been named as manager of Apple Village, Woodland California. This project encompasses an outparcel in a Home Depot and Walmart anchored community center located in Woodland, just north of Sacramento.
The project has been placed into receivership by the special servicer, LNR Partners, and is currently under default. ProEquity will be providing receivership, management and leasing services during this transition.
LNR Partners is the world’s largest Commercial Mortgage Back Securities (CMBS) special servicer overseeing $25 billion of loans. ProEquity is one of LNR’s lead service providers for mid to smaller size properties throughout the Western United States.