Portfolio Sales
NRC has handled dozens of portfolio sales with 100 properties or more. Portfolio sales in a Buy One, Some or All format have the efficiency of a bulk sale in terms of time, but usually generate a much higher price. In one of our largest sales of 520 closed convenience stores for Swifty Serve Stores in the Southeast, NRC had 600 bidders and sold the stores to 220 individual buyers. In our sale for Clark Retail of 520 operating convenience store businesses and real estate, we had 900 bidders and 8700 bids.
There were over 200 individual buyers. NRC has developed a unique and highly effective bidding technique (Buy One, Some or All) for multiple asset portfolio sales such as restaurant chains, vacant bank branches or office and retail properties. Bidders may make single bids with a single purchase contract and check; multiple bids on some or all assets but may be awarded less sites than their bid; preference bids where a bidder can bid on as many properties as he or she wants but be awarded only one property; multiple preference bids where a bidder can bid for a larger number of properties but be awarded a lesser number (5 of 10 for example); and an All or Nothing or Linked Bid which requires the award of all the properties or none. Whatever the bid type, bidders are required to provide individual bid amounts for each property, so while an All or Nothing bid might have an aggregate value of $10 million; we want to know the value of each property. Our Buy One, Some or All program will often generate 3-4 times the number of bids, and results in much higher selling prices when single bidders are pitted against multi-site bidders. NRC portfolio sales recover much more money with the efficiency of a bulk sale.