NEWS

WIRES

OTHER

Tranzon Integrated Property Group To Conduct UCC Foreclosure Auction: Portfolio 12 Alzheimer Communities Throughout New Jersey

"This is an unusual offering in today's environment because we are actually selling something in the health care space that has a current operating profit as well as additional upside potential," said Joshua Olshin, President of Tranzon IPG. He adds, "based on our experience selling these types of properties in the past and our strong database of clients, we expect a very strong interest in these properties to emerge."

"These are modern facilities and have experienced management in place making this ideal for either an investor wanting to get exposure to this space without having to manage a negative carry or an existing operator looking to expand through the acquisition of a geographically concentrated group of established facilities in affluent areas," said Oren Klein, Vice President of Tranzon IPG.

"The foreclosure is for 100% of the membership interests in 11 limited liability companies that own and operate these 12 facilities," said David Lowry, Vice President of Tranzon Fox. He adds, "while there is no minimum bid, we expect bidding to start around $17,000,000 for the entire portfolio."

There are a total of 183 units among the facilities, all which specialize in Alzheimer care. All the facilities are licensed group homes and are similar in size. A Property Information Package and other detailed information is available to potential bidders. To download this information go to: www.tranzon.com and look for Property ID: FX7128 or call 973-753-1313.

About Tranzon Integrated Property Group

Tranzon Integrated Property Group, a member Company of Tranzon L.L.C. is based in the New York metropolitan area and is a full service auction and real estate disposition company. With over 34 offices from coast to coast, the member companies of Tranzon auctioned more than 1,000 properties last year.

    Tranzon Press Contact:
    Emily Kozlow
    Skyline43 Public Relations
    917-837-8592
    emily@skyline43.com

SOURCE Tranzon Integrated Property Group