Institutional Investment Fund Orders Immediate Auction of Shreveport, Louisiana Apartment Complexes

On behalf of an institutional investment fund, Sperry Van Ness/Gilmore Auction announces the online auction of Southern Oaks Apartments, Village Square Apartments and four land parcels at the Riverscape Development all located in Shreveport, Louisiana. The investment fund is closing and these are the last remaining assets to be sold. The online bidding will take place from November 30-December 8 at http://www.ShreveportFundAuction.com.

Southern Oaks consists of 110 units located at 1111 West 70th Street and features renovated interiors and exteriors, a 5.9-acre site and high occupancy.

Village Square features 98 units on a 3.5-acre site and is well located at 4210 Greenwood Lane. Both complexes are well managed and maintain good occupancy levels.

The Riverscape development land consists of 17.058+/- acres in 4 parcels just off the river and close to downtown.

The Sperry Van Ness/Gilmore Auction Team is led by nationally recognized auction services and commercial real estate professional, David E. Gilmore CCIM and Senior Advisor, Francis J. Braud, MBA.

“These are the last assets owned by the closing investment fund so it’s a great opportunity to buy. All of the properties are well positioned in the Shreveport market with very low starting bids”, said Gilmore.

The online auction will open for bidding on November 30th and close on December 8th. Bidders should contact Sperry Van Ness/Gilmore Auction at 800-254-1280 or visit http://www.ShreveportFundAuction.com for property information, income/expense statements, bidding requirements and frequently asked questions. All bids will be subject to the Fund/Seller’s confirmation.

About Sperry Van Ness Auction Services
Sperry Van Ness/Gilmore Auction is the Louisiana office of the SVN Auction Services network of commercial real estate professionals. SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional auction advisors throughout the United States who specialize in areas such as foreclosures, tax sales, multi-properties, receiverships and bankruptcies. The SVN Auction Services Team offers the industry’s most comprehensive spectrum of auction solutions—from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, the SVN Auction Services Team is supported by SVN International’s more than 1,300 commercial real estate advisors throughout the nation. This relationship provides outstanding opportunities for the SVN Auction Services Team to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers. For more information, visit SVN Auction Services.

Press Contact: David E. Gilmore, CCIM
SVN/Gilmore Auction
504-468-6800 ext. 202
504-228-6606 cell
David.Gilmore(at)svn.com