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Hilco Real Estate Targets Distressed CRE with New Acquisitions Group

According to R. Aaronson, CEO of Illinois-based ""Hilco Real Estate, LLC"":http://www.hilcorealestate.com (HRE), the company will launch Hilco Real Estate Acquisitions Group (HREAG) to originate, underwrite, and acquire assets across a range of property classes and stages, including those in workout, foreclosure, and REO.


""Hilco Real Estate has long been an opportunistic buyer of retail, industrial, and commercial properties,"" said Aaronson. ""In fact, we have closed on four properties in just the past few months.""

Aaronson continued, ""The formal launch of our acquisitions group will enhance our ability to originate and structure deals from a broader range of sources, including banks, insurance companies, investment trusts, corporations, individual investors, and owners of properties in need of rescue capital.""


Ronald M. Lubin will lead the initiative. Edmund H. Terry will manage the long-term investment portfolio, and Roberto Perez will manage the shorter term opportunity investment portfolio.

According to a statement from HRE, the new division seeks to acquire or finance assets in fee simple transactions, distressed mortgage notes, lease designation rights, distressed bridge loans, DIP [debtor-in-possession] loans, sale lease-backs, and assets requiring development with a qualified joint venture operational partner.

Acquisition capital will come from various sources, including Hilco and investor partners selected for each transaction.

""We have the experience and resources needed to identify, structure, and close transactions, maximize intrinsic asset value, and ultimately market and sell an asset,"" said Lubin.

""Our targeted acquisitions will primarily focus on industrial and retail. However, we also will look at office, multi-family, mixed use, hospitality, and large scale residential developments,"" Lubin added. ""We will seek favorable returns on equity commensurate with the desired risk profile of each investor partner.""

HREAG and HRE are part of the ""Hilco"":http://www.hilcotrading.com organization, which specializes in distressed and healthy asset valuation, monetization, and advisory services. HRE has acquired or helped clients and investor partners monetize nearly $4 billion in real estate assets.

About Author: Heather Cernoch


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