A&G Realty Partners and Tiger Capital Group Retained by Bankruptcy Trustee To Manage Sale of ITT Educational Services Assets
–30 owned properties and 111 leases; furniture, fixtures and equipment, and certain IP available
A&G Realty is currently accepting offers for the Company’s 30 owned properties, which range from 20,000 to 59,000 square feet, in California, Florida, Texas, Idaho, Mississippi, Michigan, Tennessee, Wisconsin, Washington, Illinois, New York, Georgia, Ohio, and Indiana. The properties are well located in major metro and strong secondary markets, such as San Bernardino, Houston, San Dimas, Tampa, San Antonio, Webster, and Boise. In addition, A&G is accepting bids on the Company’s 111 leases, which range from 4,000 to 44,000 square feet, with sites located in 38 states.
“The owned real estate is a very unique opportunity for investors, developers and users. ITT developed a very strong real estate portfolio, which includes surplus land for future development at many of the sites,” said A&G Realty Partners co-founders, Emilio Amendola and Andy Graiser. “These are well-built buildings in excellent condition, with good ceiling height and above-average parking, which can be used for flex, office, retail, health-related facilities, and schools. In addition, investors and users have the option to include all of the furniture and equipment as part of their bid. We are expecting a high level of interest in all of the properties.”
A vast selection of office and classroom furniture; computer, network, server and telecom equipment; as well as electronic testing, medical and hospital training, and other trade-specific equipment will initially be available in volume or on a turnkey basis to parties that purchase or lease the properties. Tiger Capital Group will auction off the remaining assets at locations and times to be announced within the next 30 to 45 days.
For more information on the real property, please visit www.agrealtypartners.com. Bids are due immediately.
For more information on furniture, fixtures, equipment and intellectual property available, please visit: www.SoldTiger.com.
ITT Educational Services filed for voluntary bankruptcy on September 16, 2016 in the United States Bankruptcy Court for the Southern District of Indiana, Indianapolis Division (case number 1:16-bk-07207).