CHICAGO, Illinois (July 29, 2015) – A portfolio of real estate and non-performing notes is set for auction Thursday, August 20, as a private equity fund seeks to close out its positions. The real estate includes commercial buildings, homes, retail space, apartments and other properties in Illinois, Michigan, Ohio, Missouri, New York and California, according to John Dixon & Associates, which will manage the event.
The real estate will include a former restaurant in West Chicago; an office building in University City, Missouri; homes in Toledo and Akron, Ohio; commercial buildings in Portage and Kalamazoo, Michigan, and a church in Youngstown, Ohio. “The non-performing notes are all secured by some excellent real estate and present some great opportunities for investors,” said John Dixon, president of the auction company.
“This fund was established to operate a defined length of time, and now it’s time for it to wind down its operations. While most of the assets are in the Midwest, they will also be auctioning a couple of California properties – a multi-use building in Sonora, and a commercial building in Los Angeles. In addition, we have non-performing notes secured by properties in Illinois, New York and Missouri,” said Dixon.
The auction will begin at 11 a.m. Central on Thursday, August 20, at the Double Tree by Hilton – Chicago O’Hare/Rosemont, 5460 North River Road, Rosemont, Illinois. The event will be streamed live for bidders who wish to enter their bids online. Individuals interested in additional information about the properties may visit www.johndixon.com or call 800-479-1763.
The Chicago auction will be the second in three days. On Tuesday, August 18, real estate in Florida, Georgia and the Carolinas will be offered in an auction near Tampa Bay.
John Dixon & Associates, based in Atlanta with offices in Tennessee, Florida, North Carolina and South Carolina, is one of the nation’s largest auctioneers of real estate properties, including land, homes, developments, condominiums, farms and other properties owned by individuals, investors, banks and other institutions.