Tiger Capital Group and A&G Realty Partners were retained by the trustee of ITT Educational Services to manage the sale of the company’s 30 owned properties and 111 leases, in addition to all furniture, fixtures and equipment from the sites, as well as certain intellectual property.
“Educational, technical and medical institutions and just about any kind of business will be interested in the furniture, fixtures and equipment that will be available for sale,” added Jeff Tanenbaum, president of Tiger’s Commercial & Industrial division. “The volume, variety and quality of assets is staggering.”
Tiger Capital Group will auction off the assets at locations and times to be announced within the next 30 to 45 days.
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. Bids are also being accepted for the 111 leased sites located in 38 states.
ITT Educational Services filed for voluntary bankruptcy on September 16, 2016 in the U.S. Bankruptcy Court for the Southern District of Indiana, Indianapolis Division.