Transaction Summary
The Company
Seaboard Realty owned a portfolio of investment grade commercial properties (multifamily, commercial/office, and hospitality), in and around Stamford, Connecticut.
The Transaction
In less than three months Keen and its partners synthesized an immense amount of financial and property information to create marketing materials, updated financial projections and created a data-room. The marketing generated over 300 property inquiries, 260+ NDAs and 75+ property tours. A total of 25 qualified bids were presented and the assets sold at auction for $148,383,298.
The Situation
Following an investigation into financial irregularities, Seaboard filed Chapter 11. Seaboard retained a real estate team, led by Keen, to market and sell the properties.
References
- Marc Beilinson, Esq., Beilinson Advisory Group, (310) 990-2990, or mbeilinson@beilinsonadvisorygroup.com
