Carlton Group Announces Sale of $307 Million in REO Assets

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(NEW YORK, NY)  -- The Carlton Group has been retained on behalf of various CMBS trusts on the sale of approximately $307 million of Non-Performing loan and REO assets located throughout the United States, said Carlton Chairman Howard L. Michaels in a prepared statement today.

This loan and REO sale consists of numerous prime office, industrial, retail, multi-family, assisted-living facility, and self-storage assets located in 24 states.  For the most part, recent loan sales have been characterized by land lots and other partially completed assets, but this asset sale provides well capitalized local and regional investors, as well as those national players with domain expertise, the ability to acquire Loans and REO secured by high quality, and in most instances, cash flowing collateral.

"This is clearly one of the best opportunities for investors to buy high quality loan and REO assets secured by income producing properties since the beginning of the credit dislocation" says James Gosse, Director at the Carlton Group.

Below are a few of the assets securing the loans and REO which are being offered through Carlton sale:

• 471,444 SF enclosed regional mall

• 207,000 SF warehouse distribution facility

• 365-unit garden-style multifamily property

• 125,993 SF multi-tenant office complex

• 105,668 SF community shopping center

• 523-unit self storage facility

The assets are being offered on a competitive sealed-bid basis with bids due February 25th, 2010.  Prospective bidders may bid on an individual asset, on any number of assets, or the entire portfolio. This sale provides prospective bidders an opportunity to purchase loan and REO assets in major markets.

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