Receivership Services Corp., a division of the Martens Cos., has been named by the Bankruptcy Court for the Western District of Oklahoma as property manager for the six Wichita apartment complexes caught up in the bankruptcy of Macco Properties of Oklahoma City.
The complexes, with a combined 1,952 units, are Cedar Lakes, the Chalet, Holly Park, Madison Park, River Park and Villa Del Mar.
Receivership Services will oversee the existing management at the complexes, said Courtney Krsnich, spokeswoman for Receiver Services.
The complexes have been in limbo since Macco president Lew McGinnis' apartment empire started to crumble last year.
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McGinnis has been in bankruptcy since November and creditors are seeking to foreclose on many of his properties.
He is also being sued by at least one group that bought a Wichita apartment complex from him, claiming that he fraudulently overstated cash flow and understated needed repairs.