Acquisitions & Dispositions
- Transaction Diligence
- Property Valuation
- Business Plan Assessment
- Public / Private Partnership Opportunities
Land Development
- Securing Entitlements
- Construction Management
- Environmental and Other Risk Management
- Value Opportunity Identification
Corporate Advisory
- Third Party Property Management
- Performance Enhancement
- Restructuring / Reorganization
- Capital Source Identification
- C-Suite / Crisis Management
Litigation Services
- Expert Witness Valuation
- Claims and Exposure Investigation
- Damages and Lost Profits Analysis
- Claims Recovery Maximization
Washington Prime Group is a market leader in the ownership, development and management of retail real estate across the United States. When the company restructured, Province was hired as the financial advisor to the Official Committee of Equity Security Holders. In this role, Province secured significant additional consideration for the equity holders through the bankruptcy’s confirmation plan, garnering praise from the restructuring community and a 2022 Turnaround Atlas Award for the Chapter 11 Reorganization of the Year.
Role
Financial Advisor to Official Committee of Equity Security Holders
Date
July – October 2021
Sector
Real Estate
American Nevada Company is a preeminent real estate developer in Southern Nevada and the developer of the Green Valley master-planned community, an 8,000 acre project that, at the time of development, was the largest of its size in the United States. Province was hired to optimize its expense structure and reduce company debt obligations. Through its efforts, Province cut operating expenses by 50%, reduced company debt obligations by nearly $300 million, and radically raised occupancy rates. In addition to having an equity stake in the company, Province professionals continue to manage American Nevada and its portfolio of real estate assets to this day.
Role
Financial Advisor to the Company
Date
October 2011 – January 2021
Sector
Real Estate
Ocean Casino Resort owns and operates a casino hotel in Atlanta, New Jersey. The casino provides guest rooms and suites, live entertainment, pool & spa, night & beach club, TopGolf swing suite, meeting and convention space, shopping and more. Province was retained by the new owner of the casino to enhance liquidity to provide sufficient runway for the resort to ramp up. Province worked closely with management to identify and implement strategies that improved the financial stability of the resort. This included negotiating with lenders, managing cash flow, controlling vendors payable and identifying cost-saving measures.
Role
Financial Advisor to the Company
Date
October 2018 – January 2019
Sector
Gaming
In In re: Woodbridge Group of Companies (Los Angeles), Province was engaged to provide critical management support in relation to an alleged fraud scheme valued in excess of $1.5B that precipitated SEC intervention and a chapter 11 proceeding. Province professionals guided the company’s assets, comprised of nearly $1B of high-end Los Angeles real estate, through a bankruptcy plan, emergence from bankruptcy, and on to successful recoveries for the creditors and victims of the alleged fraud scheme.
Role
Operational and Financial Advisor to Debtor
Date
December 2017 – February 2019
Sector
Real Estate