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| Challenge |
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| The Houston Independent School District (HISD), in an effort to cut costs, wanted to dispose of surplus school facilities. |
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| Solution |
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| HISD, with the assistance of ARVO Realty Advisors, decided to sell the properties by using the Sealed Bid Auction approach in order to attain the highest sale price possible. |
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| 1) Strategic planning: |
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Assembled the appropriate team of professionals and consultants |
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Analyzed and evaluated property |
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Developed a sealed bid auction strategy |
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Developed a marketing strategy |
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| 2) Marketing the property: |
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Developed marketing material that focused on the property's unique qualities |
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Solicited buyers deemed most likely and capable to consummate the transaction |
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Conducted property tours |
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| Benefit |
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| Solicited several qualified, competitive offers from developers and users in a challenging market, resulting in best value of assets achieved for HISD. |