Hilco Real Estate Sets December 17th as the Auction Date for North Carolina Residential and Commercial Investment Property Portfolio.

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Hilco Global

NORTHBROOK, Ill., Nov. 13, 2013 (GLOBE NEWSWIRE) -- Hilco Real Estate (www.hilcorealestate.com) announced plans to auction 80 residential and commercial investment properties located in Dunn, North Carolina. This attractive portfolio is conveniently located 40 minutes south of Raleigh and 25 minutes north of Fayetteville, NC and includes single-family homes, multi-family buildings, retail storefronts, commercial units and vacant development land.

The fully leased portfolio of properties can be purchased individually, in groups, or as an entire portfolio. The auction will be conducted via sealed bid on or before December 17th, with offers delivered to Hilco Real Estate by 5pm Central Time.

"This is a very compelling real estate opportunity for investors or buyers because it offers significant cash flow as well as a wide variety of redevelopment possibilities" said Greg Apter, President of Hilco Real Estate. He added, "The unique auction sales process also gives buyers the ultimate flexibility – they can select the number of properties they want and what they want to pay." The portfolio generated approximately $470,000 of Net Operating Income in 2012 and currently has 100% occupancy. The portfolio also benefits from low tenant turnover resulting in a stabilized rental income.

The complete offering is located between the towns of Dunn and Erwin, North Carolina, concentrated within a small 2.5 miles radius, allowing for ease of management and maintenance for investors or owner/operators of any size. The portfolio consists of 80 individual properties, featuring 59 single-family homes, 10 multi-family buildings, 11 commercial units, and three vacant lots.

Recently named one of 10 All-American Cities in 2013, Dunn, North Carolina is located within an hour's drive of North Carolina's thriving Research Triangle, at a convergence of an extensive transportation network. North and south links include I-95, US-301 and the Seaboard System Railroad, while I-40 and US 421 provide east to west routes. Dunn offers its residents convenient shopping, excellent schools, and numerous year-round recreational opportunities due to its mild climate. Dunn has a population of approximately 10,000 along with a growing economy that is firmly grounded in agriculture, manufacturing, distribution, and tourism.

The sealed bids for this auction sale are due, December 17th by 5pm CT. Bids are to be submitted to the offices of Hilco Real Estate, Attention NC Portfolio Project Manager - 5 Revere Drive, Suite 320, Northbrook, IL 60062. Interested buyers can inspect the properties on a drive-by only basis. Under no circumstances may bidders disturb tenants. Bidders violating this requirement may be disqualified from bidding. Two Bidder's Seminars will be held prior to the auction date. Please call Hilco for details.

"Buyers in this market are looking for a predictable return on capital. With the volatility of the stock market in recent years, savvy investors have returned to real estate for stability in an uncertain financial world. This portfolio provides the individual or institutional investor with an exceptional opportunity to acquire a portfolio with an established rental history and strong balance sheet" Apter said.

A detailed Bidder's Information Packet is available for the property, containing property specific information, an explanation of the auction process and the Terms of Sale. The review of the Packet is required to bid and will be available for download online. To obtain access to the Bidder's Information Packet, contact the Project Manager at (855) 820-2828.

Auctions continue to grow as one of the leading asset disposition strategies for private owners, businesses, and financial institutions across America due to their swift timeframe, transparency, and surety of closing and Hilco is a leader in this industry.

For more information about bid qualifications and further details about this offering or other properties available at auction, please contact the NC Homes Project Manager at (855) 820-2828, email tvansickle@hilcoglobal.com.

About Hilco Real Estate: Hilco Real Estate ("HRE"), is a Hilco Global company (www.hilcoglobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of accelerated real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist both healthy and distressed clients to derive maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex deals.

CONTACT: Media Contact: Gary Epstein Hilco Global Office: 847-418-2712 Mobile: 847-323-4943 Email: gepstein@hilcoglobal.com

Source: Hilco Global