General

  • Only the Sales Officer has the right to market and manage the sale of the Conservatory Group assets.

Bidding

  • Pursuant to the Judgement of the Court, the Libfeld Brothers may participate as bidders in the Sale Process, and are treated like any other bidder.
  • The selection of the winning bid(s) will be at the sole discretion of the Sales Officer, subject to approval by the Court.
  • The Court approved Sale Process does not allow for any bidders, including the Libfeld Brothers, to see any bid prices.
  • Current TCG property Tenants can participate in the Sale Process if the tenant or its principals qualifies as a Phase 1 Qualified Bidder.
  • Bidders can bid on one, some or all of the Conservatory Group assets.
  • All Phase I Qualified Bidders, including the Libfeld Brothers, are required to bid on 100% of each asset they want to acquire.
  • Bidders cannot pre-empt the process with a firm offer.
  • Pricing guidance will not be provided.
  • A break fee is not being offered as part of the Sale Process.

Property Specific

  • If you are interested in any of the unsold condo inventory, remnant lots and homes, parking, locker and /or other ancillary condominium units, please contact the Sales Officer.

Brokers

  • Brokers need to be engaged and acting on behalf of a Phase 1 Qualified Bidder and must solely look to such Qualified Bidder for any compensation to the broker.