Latest News

The Receiver expects to begin closing on the eleven lots that are currently under contract in Mexico. Proceeds from these closings are anticipated to be received within approximately ninety days following closing. Once received, the Receiver anticipates presenting these proceeds, together with the recently-received $500,000 settlement from Ross Miles, to the Court for approval of a proposed distribution to investors.

The receiver has listed 12 additional lots for sale, and is evaluating options for the remaining development land in Mar de Plata. This land may be marketed as individual lots or as a single development parcel.

We appreciate the continued patience and will provide further updates as closings progress.

3^rd Distribution Mailed

All investor checks over $5,000 were sent via certified mail on September 3^rd or 4^th. These checks should begin to arrive on September 6^th and will require a signature. Checks under $5,000 were sent via regular mail on Aug 30^th.

For investors planning to pick up their checks at the Receiver’s office, the pick-up window is:

Thursday, Aug 29 – 10 AM to 4 PM

Friday, Aug 30 – 10 AM to 2 PM

The Receiver’s address is:

1 SW Columbia, Suite 525
Portland, OR 97204

Investors will need a photo ID to pick up checks. If you need to schedule an alternate time, please call, or email the Receiver’s office at AEMreceiver@hamstreet.net or 503-223-6222.

If you plan to pick up your check, but haven’t notified the Receiver, please call or email so that we can have your check ready.

All remaining checks will be mailed on August 30. If you are out of town and would like your check held, please reach out to the Receiver’s office.