Richard Ormond of Stone Blossom Capital joins Navigating Receiverships to discuss the MedMen receivership.

About Richard

Richard Ormond has over 26 years-experience that includes bank and finance law, real estate, receivership law, banking regulations and restructuring.

His areas of expertise include advising financial institutions and lenders regarding secured transactions, lending in regulated industries, developing compliance and underwriting protocols, Treasury and FinCEN compliance (inclusive of KYC, AML and BSA) and managing of distressed loan facilities.

Mr. Ormond has tried cases in State Court, Federal Court and Bankruptcy Court and he has arbitrated dozens of matters. Mr. Ormond also served as President of the California Receivers Forum and is the former Chair of the Remedies Division of the Los Angeles County Bar Association. Mr. Ormond also teaches Continuing Legal Education courses on lending, receivership law, regulated industries and securitization of assets.

In 2018 Mr. Ormond was nominated for the prestigious “Leader in Law” award by the Los Angeles Business Journal and he was previously selected as one of “Los Angeles’ Top 100 Lawyers.” He is repeatedly recognized as a “Super Lawyer” and he was recently selected as one of the “Top Cannabis Law Experts in the United States” by Databird Research Journal.

Mr. Ormond is also an adjunct professor of law at Loyola Law School in Los Angeles.

About Navigating Receiverships

Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association. Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape. Our members share their story in an effort to both educate and entertain our listeners.

Randall Coxworth of Stoneturn joins Navigating Receiverships to discuss a New York City property fraught with challenging circumstances.

About Randall

Randall Coxworth, a Partner at StoneTurn, guides clients planning and undertaking large-scale capital projects, drawing on his 25 years of executive experience in management consulting and construction.

Randall specializes in program and project management services, including strategic delivery, risk identification, contract control assessments, and process performance reviews. He supports clients throughout all stages of a project, from forecasting and establishing financial, reporting, and accounting procedures through execution and completion. He also collaborates with clients on strategic assessments, global planning, oversight and control structures, stage-gate process design and implementation, efficiency, reporting, transparency, and integrations.

Randall has been retained on capital project matters as an expert in construction, construction management, and project management standard of care throughout the United States.

Prior to joining StoneTurn Randall held senior leadership positions at Ankura and Protiviti as well as at a privately-held construction firm. Randall also served honorably as a United States Marine prior to starting his professional career.

About Navigating Receiverships

Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association. Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape. Our members share their story in an effort to both educate and entertain our listeners.

Stacey Hampton of Asset NOI joins Navigating Receiverships to discuss a particularly challenging disposition of an apartment complex.

About Stacey

Stacey brings more than 25 years’ experience in real estate at the asset and property management company level. Obsessive commitment to maintaining the highest level of knowledge of emerging trends and improving technologies that serve all aspects of the multifamily industry and its professionals.

Asset NOI is an extension of Stacey's decades-long obsession with positively impacting the multifamily ecosystem. She has done this by increasing revenue, reducing expenses, and mitigating risk. Simple enough right? Not exactly, there are hundreds of backend settings in your operating software alone that impact NOI, and that’s just the software. There are thousands of decisions and actions/inaction that produce the NOI of any asset.

About Navigating Receiverships

Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association. Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape. Our members share their story in an effort to both educate and entertain our listeners.

Mike Banwell of Marcus & Millichap joins Navigating Receiverships to discuss the disposition of a number of properties tied into a federal equity receivership.

About Mike

As Senior Director Investments at Marcus & Millichap, Mike specializes in designing and executing tailored disposition strategies through accelerated marketing and auction methods. Mike helps Federal & State Receivers, Legal Fiduciaries, Institutions, and Lenders maximize recovery across all CRE asset classes.

Mike's focus is on delivering certainty of execution and optimal outcomes in even the most time-sensitive or distressed scenarios.

About Navigating Receiverships

Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association. Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape. Our members share their story in an effort to both educate and entertain our listeners.

Matt McKinlay of Ampleo joins Navigating Receiverships to discuss an extremely contentious receivership and how he handled it involving a landfill and potential environmental concerns.

About Matt McKinlay

Matt McKinlay is the President at Amplēo Turnaround and Restructuring, LLC. Matt has 24 years of experience solving complex financial and operational matters in roles such as Chapter 11 Trustee, Court-appointed Receiver, Turnaround Advisor, and Interim CFO / CEO. Matt is exceptionally good at helping calm nerves during high-impact situations and is a stabilizing influence for creditors, employees, and other stakeholders. Matt is credentialed as a Certified Turnaround Professional (CTP) by the Turnaround Management Association. He is also a Certified Management Accountant (CMA). He is the Idaho State Director for the Commercial Receiver’s Association. Matt earned an MBA in Finance from the Marriott School of Management at Brigham Young University.

About Navigating Receiverships

Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association. Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape. Our members share their story in an effort to both educate and entertain our listeners.

Gene Buccola of High Plateau Asset Management joins Navigating Receiverships to discuss a complex apartment complex receivership where the owner was living in the top floor and creating issues.

About Gene Buccola

Gene Buccola has excelled in a career spanning over four decades, marked by exceptional expertise in receivership management, strategic real estate development, and special asset liquidation. His leadership is characterized by a lifelong commitment to evaluating, enhancing, and strategically developing diverse real and personal property across multiple states. He consistently delivers successful outcomes in complex and challenging situations through a unique blend of deep professional experience, operational expertise, and legal understanding.

Gene's leadership is evident in his extensive receivership experience, where he excels at stabilizing and revitalizing distressed assets. He brings decisive direction to asset management, guiding each receivership from meticulous initial analysis and Day 1 procedure development to comprehensive valuation and strategic liquidation. He has successfully managed significant assets, including those valued at approximately $60 million, working with institutions such as US Bank, Liberty Bank, Sterling Savings Bank, Home Federal Bank, and the FDIC. His strategic approach, characterized by meticulous due diligence and decisive action, ensures the preservation and maximization of asset value. He expertly leads teams through complex repositioning and stabilization processes, navigating intricate legal and financial landscapes with precision. His expertise is further recognized through his participation as a panelist for the Oregon State Bar Association Debtor Creditor conference.

His experience extends to special credit banking, where his deep understanding, honed over a decade with First National Bank of Oregon, enables him to navigate complex financial disputes. He has been appointed as a receiver in multiple cases where he led the restructuring of troubled businesses and managed complex commercial properties. His leadership has consistently resulted in successful turnarounds and positive outcomes. His banking career in Special Assets has led to assisting multiple commercial banks, FHLMC, and the FDIC in the evaluation and liquidation of all special asset classes. Notably, he provided critical leadership during the 2008 recession, assisting the FDIC in the closure of several regional banks. Gene has also demonstrated his executive leadership as CEO of a multi-state aviation enterprise and a multi-state commercial property management company, showcasing his ability to lead diverse teams and operations. Gene's real estate expertise also encompasses development, investment, and management. As a principal broker for over four decades, he has a proven track record of identifying and capitalizing on lucrative real estate opportunities. His deep understanding of market dynamics, coupled with his ability to analyze complex financial data, allows him to make informed investment decisions that generate substantial returns. He has successfully led the management of diverse real estate portfolios, including commercial office, industrial, hospitality, and multi-family properties, demonstrating a keen understanding of property valuation, development, and management. Additionally, his leadership extends to facilitating employee corporate relocation, working with Relocation Resources (RRI) to serve employers like CH2M-Hill Engineering and Hewlett Packard.

Gene currently holds significant roles in industry associations such as AAPL, CRA, and TMA further underscoring his ability to lead and inspire. He is a recognized leader, entrusted with significant fiduciary responsibilities and sought after for his strategic guidance. Gene holds an unwavering commitment to excellence, and this is evident in his approach to life and profession.

About Navigating Receiverships

Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association. Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape. Our members share their story in an effort to both educate and entertain our listeners.

Thomas Halm joins Navigating Receiverships to discuss a particularly interesting receivership involving theft, betrayal, and an exploding breast implant... oh, and it happened to be the first receivership case Thomas ever worked on. Needless to say, he was hooked.

About Thomas Halm

Thomas W. Halm, Jr. is counsel in the firm's Distressed Real Estate Practice Group. With almost 30 years of experience as a commercial litigator specializing in creditors’ rights, Tom serves as a trusted advisor to financial institutions, investment firms, private lenders, mortgage servicers, special servicers, receivers, asset purchasers/sellers, creditors and others in the financial service industry. He represents clients in a wide range of matters from the pre-default stage through recovery with a focus on commercial real estate backed debt, securitized loans and troubled mortgage loans, including but not limited to foreclosures, bankruptcies, collections, loan modifications, workouts, strategic restructurings, deeds in lieu of foreclosure, fraudulent transfers and insolvency proceedings. In connection with these representations, Tom routinely drafts and negotiates complex legal documents including but not limited to loan restructurings and modification agreements, forbearance agreements, loan documentation, deeds, use and occupancy agreements, non-disclosure and confidentiality agreements, purchase and sale agreements and assignment documentation.

Tom also has represented or served as a state court receiver in several of the state’s most high-profile ponzi scheme matters brought by the State of New Jersey Bureau of Securities where his principal responsibilities included investigating alleged noncompliance with state securities law and developing strategies for recovery of funds owed to defrauded investors and creditors; forensic review of corporate records and bank account statements to locate, retrieve and liquidate secreted assets nationwide including instituting fraudulent transfer litigation; and establishing and facilitating claims submission and review process including reviewing corporate records and documentation to establish validity of disputed claims.

About Navigating Receiverships

Navigating Receiverships is a podcast brought to you by the Commercial Receivers Association. Navigating Receiverships brings stories from different receivership and insolvency actions in which our members came into a difficult situation and were able to successfully navigate the landscape. Our members share their story in an effort to both educate and entertain our listeners.