NORTHBROOK, IL–(March 15, 2013) – Frontline Real Estate Partners completed the bankruptcy sale of a portfolio of Ruby Tuesday restaurants throughout Illinois. Frontline served as the court-appointed real estate advisor in the Chapter 11 bankruptcy of RT Midwest, LLC, a Ruby Tuesday franchisee headquartered in Minnesota with locations. Frontline led an expedited marketing process to secure sale-leaseback financing allowing the company to reorganize and exit bankruptcy. A bankruptcy auction was held attracting several sale-leaseback buyers as well as users and investors interested in acquiring the properties. Ultimately, the properties were sold as a sale-leaseback portfolio to a large net lease fund for $9.9 million. “The RT Midwest bankruptcy sale was a tremendous success as it enabled the company to secure the financing needed to reorganize and exit bankruptcy” according to Matt Darin, Principal of Frontline Real Estate Partners. “By executing an organized, efficient marketing process, a robust auction was held that produced a great result despite the challenging circumstances of bankruptcy.”
About Frontline Real Estate Partners
Frontline Real Estate Partners, LLC is a Chicago-based real estate investment and advisory company with expertise in the acquisition, management, disposition, and leasing ofcommercial real estate properties throughout the United States.Founded in 2010, Frontline invests in value-add properties and provides transactional and advisory services to banks, financial institutions, and owners with a focus on the real estate restructuring industry.