Revere Tactical Opportunities Auction Announcement
In an endeavor to expand investment opportunities, Revere Tactical Opportunities REIT, LLC and Revere Tactical Opportunities Fund IV, LP, collectively recognized as the "Secured Party," are set to conduct an intriguing public auction. This sale will feature a 100% Class B limited partnership interest in Casoro Aviator Investors, LP. The public sale will be held via telephone to ensure accessibility for all potential bidders.
Details of the Public Sale
The auction is slated for a specific date and time, allowing interested parties ample opportunity to prepare. This event represents the Secured Party's efforts to manage the security interest in the Class B limited partnership interest owned by Casoro Group, LLC. The upcoming sale appeals to qualified bidders and showcases significant investment value.
Participation Requirements for Bidders
To participate in this auction, each interested entity or individual, termed a "Potential Bidder," must fulfill several criteria. A completed confidentiality agreement is required, along with current financial statements or acceptable proof of financial ability to ensure that all bidders are credible. Bidders must also complete an equity purchase agreement in the prescribed format and provide a deposit amounting to 10% of their bid. These steps collectively qualify them as "Qualified Bidders," granting them the rights to compete in the public sale.
Public Sale Terms
The auction will feature the sale of the partnership interest as a single entity. The terms stipulate that the collateral will be sold "as is" without warranties of any kind. This presents a straightforward scenario for potential buyers, as they would assume the terms of the sale in their entirety. Moreover, the Secured Party maintains rights to credit bid, ensuring a competitive environment in the sale proceedings.
Final Steps After the Auction
Upon the conclusion of the public auction, successful bidders must conduct a wire transfer to fulfill the payment of the final bid amount instantly. This financial transaction is critical to finalize the acquisition of the partnership interest. This ensures a streamlined experience for buyers who are investing in this opportunity.
Contact Information for Inquiries
Those interested in participating or seeking more details regarding the auction can reach out directly to the Secured Party. Query responses will be managed by Jeff Ledyard or Isaac J. Brown, available through their respective telephone contacts. For confidentiality agreements and further auction details, communication should be initiated promptly.
Frequently Asked Questions
What is the focus of the public auction?
The public auction focuses on the Class B limited partnership interest in Casoro Aviator Investors, LP.
How can I participate in the bidding?
Potential Bidders must complete a confidentiality agreement, provide financial statements, and pay a deposit amount to qualify for the bidding.
Is there any guarantee on the sale assets?
The assets are sold on an "as is" basis, meaning there are no warranties or guarantees associated with the purchase.
What happens after winning the bid?
The successful bidder must execute a wire transfer for the final bid amount following the conclusion of the auction.
How can I contact the Secured Party?
Interested parties can reach out to Jeff Ledyard or Isaac J. Brown directly through their provided telephone numbers for inquiries.
