Lapis was instrumental in designing, financing and leading a receivership process that culminated in the successful sale of The Oaks at Bartlett. A receiver was appointed on September 13th and the sale closed a mere 90 days later on December 13, 2024. The sale process, through the federal receivership court, avoided a costly bankruptcy proceeding saving the estate millions of dollars and improving recoveries shared by all stakeholders.

More information can be found at https://yieldpro.com/2024/12/oaks-at-bartlett/