Ownership Entities & Related Assets for Sale
Listing Information
Ownership Entities & Related Assets for Sale
Minimum Price: $20,000,000.00
Created: 05/17/2014
Category: Business Property > Investments > Partially Owned Companies
Sale Location: Los Angeles, California
Sale Date: Wed. Jun 4, 2014
Trustee's Attorney
4000 Town Center, Ste 1800
Southfield, MI 48075
248-359-7365
Case Title: SCI Real Estate Investments, LLC
Court: California Central Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of Assets generally consist of all right, title and interest in and to any and all (a) limited liability company membership interests and other indicia of ownership of or in the entities listed in Schedule 2.1 (collectively, the “Ownership Entities”) and related to the various real properties referred to on Schedule 3 (collectively, the “TIC Properties” and each a “TIC Property”), and all contracts and agreements relating thereto, including limited liability company and operating agreements; and (b) deferred acquisition fees, disposition fees, credit enhancement fees, loan fees, commissions and any other amounts owed to or receivable by the Liquidating Trustee or the Ownership Entities (or their subsidiaries) as of or after the Closing Date and related to the TIC Properties, and all contracts and agreements relating thereto.
The Assets include fees receivable and indirect minority ownership interests related to over forty (40) separate underlying TIC Properties, with over forty (40) separate groups of unaffiliated tenant-in-common owners, and over forty (40) separate Loans maturing at different times over the remaining anticipated duration of the Liquidating Trust.
You can contact the Seller (above) or click on the case # in the bankruptcy case information section to find additional documents and descriptions regarding these assets (Ownership Entities & TIC Properties).
Financial Overview
Sale Location
Los Angeles, CA, 90012
Additional Details
- Sale Hearing in "Courtroom # 1339" @ 1:30 p.m.
- Minimum Qualified Bid: $22,250,000
- Deposit Amount: $3,000,000
- Bid Increments: $250,000
- Bid Procedures Objection Deadline- June 3, 2014 at 4:00 p.m.
Sale Objection Deadline: 14 days before the Sale Hearing
Sale Hearing - June 4, 2014