February 11, 2022
Legacy Lifestyle Destin Limited Partnership and certain other companies had five of their Florida properties placed in receivership on February 11 on application by various investors in the properties. It is hoped that the receiver will be able to refinance the properties rather than sell them over the next six months, resulting in enhanced value to investors. The receiver will retain Cohen Hamilton Steger & Co. as an inspector to examine how the investors’ funds have been spent. Zeifman was appointed receiver. Counsel is Zweig Estate Litigation, Millars Lawyers and Bresver Grossman Chapman & Habas for various investors; Katzman Litigation for certain intervening investors; Dentons for the receiver; and Cassels for the inspector.
By Dina Milivojevic