21st Century Oncology Holdings filed with the U.S. Bankruptcy Court a motion authorizing and approving the Debtors’ entry into the real estate purchase agreement, the sale of the Debtors’ Cape Coral real estate free and clear of all claims, liens, rights, interests and encumbrances, by and between Debtor 21C and RJM-FLM (RJM). The sale agreement notes, “In an effort to monetize the Cape Coral Real Estate, the Debtors engaged a local consultant, Commercial Real Estate Consultants (CRE), and a local broker, Florida Realtors to market the sale of the properties. CRE and the Broker contacted several interested parties. Ultimately, two parties submitted bids and RJM’s was the highest and best offer. The Debtors and RJM worked to finalize the Purchase Agreement, which contemplates the sale of the Cape Coral Real Estate for $340,000 (the ‘Purchase Price’), which in the Debtors’ business judgment, is the best offer available to the Debtors for the Cape Coral Real Estate.” The Court scheduled a September 6, 2017 hearing to consider the unwind agreement with objections due by August 30, 2017.
About Linzee Brown
Linzee Brown is the minority owner and President of New Generation Research, Inc. and has been with the firm since 2002. Linzee is responsible for the overall strategic direction and production of all of New Generation Research’s offerings including Bankruptcy Week, BankruptcyData.com, the Business Bankruptcy Filing Data service, The Bankruptcy Yearbook & Almanac, The Distressed Company Alert and The Turnaround Letter. Prior to joining New Generation Research, Linzee served as Vice President of Direct Marketing for ISM (Boston), a mid-sized strategic marketing company and prior to that he served as a Vice President for Harte Hanks Direct Marketing, one of the country’s largest direct marketing firms.