The Brief
- A judge placed nearly 90 Highgrove Holdings properties into receivership after the landlord missed a $2 million payment and tax deadline.
- Kali Resolution will now manage and stabilize the properties, promising to assess their condition and communicate with tenants.
- Highgrove’s owner still faces a separate lawsuit from the city of Milwaukee over unpaid taxes, neglected properties, and poor living conditions.
MILWAUKEE – An embattled Milwaukee landlord lost nearly a third of its real estate portfolio after a judge ordered nearly 90 properties into receivership. The reason is the landlord, Highgrove Holdings, failed to pay up.
Judge’s order
What we know:
“The court is granting US Bank’s appointment of receiver, consistent with stipulation,” said Milwaukee County Judge Michael Hanrahan.
The agreement being Highgrove Holdings pay more than $2 million, and clear the unpaid property taxes to reinstate a bank loan. The deadline was in May.
Highgrove’s attorney said they were lining up new investors. …