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Asset Sales

Bid Summary

SIG RCRS C MF 2023 Venture LLC
Date Sold: December 15, 2023

BidderRC/RS Pool 4 Bid $RC/RS Pool 5 Bid $RC/RS Pool 6 Bid $RC/RS Pool 4 & 5 Linked Bid $RC/RS Pool 4 & 6 Linked Bid $RC/RS Pool 5 & 6 Linked Bid $All Pools - 4, 5, & 6 Linked Pool Bid $StructureLeverage
Winning Bid: Sig-23 Private Owner LLC (Community Preservation Corporation)      129,263,835LLC, 5% equityN/A
Cover Bid:         
Other Bid:52,829,135      LLC, 5% equityN/A
Other Bid:47,813,761      LLC, 5% equityN/A
Other Bid:42,569,275      LLC, 5% equityN/A
Other Bid:35,107,970      LLC, 5% equityN/A
Other Bid:27,500,000      LLC, 5% equityN/A
Other Bid:38,563,492      LLC, 5% equityN/A
Other Bid:32,767,438      LLC, 5% equityN/A
Other Bid:39,974,986      LLC, 5% equityN/A
Other Bid: 18,818,178     LLC, 5% equityN/A
Other Bid: 16,630,233     LLC, 5% equityN/A
Other Bid: 18,255,604     LLC, 5% equityN/A
Other Bid: 18,912,832     LLC, 5% equityN/A
Other Bid: 16,956,316     LLC, 5% equityN/A
Other Bid: 20,200,000     LLC, 5% equityN/A
Other Bid: 18,700,368     LLC, 5% equityN/A
Other Bid: 15,650,000     LLC, 5% equityN/A
Other Bid:  73,317,331    LLC, 5% equityN/A
Other Bid:  92,888,114    LLC, 5% equityN/A
Other Bid:  77,282,418    LLC, 5% equityN/A
Other Bid:  62,122,624    LLC, 5% equityN/A
Other Bid:  65,080,862    LLC, 5% equityN/A
Other Bid:  67,749,904    LLC, 5% equityN/A
Other Bid:   57,480,649    LLC, 5% equityN/A
Other Bid:   78,689,172   LLC, 5% equityN/A
Other Bid:   82,551,650   LLC, 5% equityN/A
Other Bid:   67,390,750   LLC, 5% equityN/A
Other Bid:   51,729,923   LLC, 5% equityN/A
Other Bid:   59,568,887   LLC, 5% equityN/A
Other Bid:   50,489,177   LLC, 5% equityN/A
Other Bid:    112,003,648  LLC, 5% equityN/A
Other Bid:    148,346,105  LLC, 5% equityN/A
Other Bid:    146,688,400  LLC, 5% equityN/A
Other Bid:    98,156,599  LLC, 5% equityN/A
Other Bid:     92,111,663 LLC, 5% equityN/A
Other Bid:     116,221,572 LLC, 5% equityN/A
Other Bid:     114,278,500 LLC, 5% equityN/A
Other Bid:     78,487,295 LLC, 5% equityN/A
Other Bid:     75,620,000 LLC, 5% equityN/A
Other Bid:      130,797,980LLC, 5% equityN/A
Other Bid:      174,465,353LLC, 5% equityN/A
Other Bid:      172,810,100LLC, 5% equityN/A
Other Bid:      117,617,092LLC, 5% equityN/A
Other Bid:      111,080,000LLC, 5% equityN/A
Other Bid:      43,649,276LLC, 5% equityN/A

Other Bidder Names:

CIM Fund IX AIV-2, L.P. (CIM Group)
Community Preservation Corporation
Enterprise Community Investment, Inc.
ICP SIGCRE-23 BUYER (InterVest)
Kushner Realty Acquisition LLC
Lubert-Adler REC Master Fund AB, L.P.
Meadow Real Estate Fund VI LP
Northlight Capital Partners LLC
OSPAM, LLC (O’Brien-Staley Partners)
PalmTree Loan Acquisition Vehicle, LLC (Sabal)
Pennybacker VI, LP
Rithm Capital Corp.
Slate Asset Management Holdings (US) L.P.

Notes:

  • The Other Bidder Names are in alphabetical order and may include the winning bidder name and cover bidder name if Other Bids were received. The Other Bids are in the order in which they were ranked after evaluation in accordance with the applicable requirements of 12 U.S.C. 1821(d)(13)(E) by individual pool/linked pools, and include Other Bids received from the winning bidder and cover bidder, if any. There is no linkage between bidder names and bids, except in the case of the winning bid.
  • The cover bid and cover bidder name will be disclosed one year after the transaction closed per the bid disclosure policy.
  • There are more bids than bidders because one or more bidders submitted bids on individual pools and/or linked pools.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: March 29, 2024