Bankruptcy Sale: U.S. Bankruptcy Court, District of New Jersey (Trenton)

Petition #: 25-15343-MBK In re: CBRM Realty Inc.

Bid Deadline: August 14 by 4:00 p.m. (ET)

On-Site Inspections: July 23 & August 9 - By Appointment Only

Hilco Real Estate Sales is pleased to present the opportunity to acquire this 115-unit affordable housing portfolio located in the Homewood South neighborhood of Pittsburgh, Pennsylvania. The property is being sold subject to the approval of the United States Bankruptcy Court. The 110-units are spread across 21 buildings and have an in place HAP contract covering the entire portfolio.

This sizable offering presents investors the ability to acquire large number of units in a central location that is experiencing steady growth and could represent significant upside through, stabilization, renovation, more efficient management and that steady population increase. The buildings currently operate at 80% occupancy in a market with a 96% occupancy rate. This offering allows existing owner/operators the ability to grow their existing portfolio and optimize their in-place management team. Alternatively this investment could bring someone's portfolio to the next level. Both scenarios offer investors a tremendous value add opportunity.