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Location: 320 Brown Street, West Lafayette, Indiana, United States

Bankruptcy 363 Sale: Residential Portfolios on Purdue University Campus

Sold

SOLD

Buyer’s Premium: 5% for the single family home portfolio and the 79 condo units at 320 Brown Street owned by the Debtor; 6% for the 10 condo units at 320 Brown Street owned by individuals who are not a party to the bankruptcy sale (indicated with minimum bid pricing)

Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (Before Buyer’s Premium is Added)

AW Properties Global has been exclusively engaged to market multiple residential portfolios including 96 properties located in West Lafayette and Lafayette, Indiana on the campus of Purdue University.

Currently included in the sale are:

89 condominium units located in a prime waterfront location at 320 Brown Street, West Lafayette, Indiana
7 single family rental properties on the campus of Purdue University and adjacent to the University
Excellent opportunity for redevelopment for use as student or professional housing

Additional condominium units located at 320 Brown Street, West Lafayette, Indiana are being added to the sale. For a current and full offering package spreadsheet, please contact:

Diana Peterson
312-218-6102
dianap@awproperties.com

Emily Gottlieb
773-294-1155
emilyg@awproperties.com

Agree to this NDA to download:

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Confidentiality Agreement

I/We the Accepting Party/Parties and any related entities, including brokers, (the “Accepting Party”) is/are interested in obtaining information regarding this Property (the “Property”) in order to evaluate the possible acquisition (the “Proposed Transaction”) of the Property. By entering my/our password I/We accept the following terms of this confidentiality agreement:

  1. Confidentiality: Any information with respect to the Property (collectively, the “Evaluation Materials”) provided to Accepting Party by Owner, Owner’s Representative and AW Properties / AuctionWorks any of their respective consultants, agents or employees (collectively, the “Seller Property”) will be used solely for the purpose of evaluating the possible acquisition of the Property by Accepting Party, and will not be used or duplicated for any other purpose. Accepting Party shall keep all Evaluation Materials strictly confidential provided that the foregoing shall not apply (a) to information of a public nature or learned by Purchaser from any source other than Seller, or (b) from and after the Closing Date. From and after the Closing Date Purchaser shall keep all financial information relating to the Tenants confidential. Nothing contained in this Section shall prohibit any party from disclosing information (I) to its lenders, members, partners, shareholders agents or consultants or prospective purchasers of any of the Parcels or any interest therein; provided that as a condition to any disclosure of Tenant’s or Seller’s financial information, Purchaser shall deliver to Seller a confidentiality agreement executed by the party receiving such information, which agreement shall be for the benefit of Seller and shall be at least as comprehensive as this agreement, (ii) as required by any applicable securities requirement, law or court order, or (iii) in any action between any of the following parties: Purchaser, Seller, Seller’s Affiliate, any Agreement, the provisions of this Section shall survive the Closing or any termination of this Agreement.
  2. No Disclosure: Accepting Party shall not (I) disclose the fact that discussions are taking place concerning the possible acquisition of the Property or any of the terms thereof, or (ii) conduct any discussions, negotiations or make any inquiries concerning the possible acquisition of the Property with any other person or entity, except for Owner and AW Properties / AuctionWorks, except as may be expressly permitted elsewhere in the Agreement and, only in strict accordance with the provisions hereof.
  3. No representations by Seller Parties: None of Seller Parties make any representations or warranties as to the accuracy of completeness of the Evaluation Materials or that actual results will conform to any projections contained therein. Owner, Owner’s Representative and AW Properties / AuctionWorks expressly disclaim any and all liability for representations or warranties, express or implied, contained in the Evaluation Materials or in any other written, oral or other communications transmitted or made available to Accepting Party by Seller Parties, including, without limitation, computer disks containing files with financial data or projections.
  4. No Obligation: Owner is under no legal obligation of any kind whatsoever with respect to the Proposed Transaction by virtue of this Agreement, the delivery of any Evaluation Materials, any discussions concerning the Proposed Transactions or otherwise, unless and until a binding written agreement is executed and delivered by all parties thereto.
  5. Accepting party hereby agrees to indemnify and hold harmless each of the Seller Parties against any and all costs, loss, liability or expense, including attorney’s fees and expenses, arising from or in any way connected with any breach of Accepting Party’s obligations under this Agreement.


Sealed Bid Deadline:  February 24, 2022, 5 pm EST

AW Properties Global has been exclusively engaged to market multiple residential portfolios including 86 properties located in West Lafayette and Lafayette, Indiana on the campus of Purdue University. To download the detailed bid procedures and other due diligence documents, please register on our website and visit the document vault below.

Currently included in the sale are:

  • 79 condominium units located in a prime waterfront location at 320 Brown Street, West Lafayette, Indiana
  • 7 single family rental properties on the campus of Purdue University and adjacent to the University
  • Excellent opportunity for redevelopment for use as student or professional housing

Additional condominium units located at 320 Brown Street, West Lafayette, Indiana are being added to the sale.  For a current and full offering package spreadsheet detailing all of the units included, please contact:

Diana Peterson                       Emily Gottlieb

President & CEO                     SVP & Managing Director of Bankruptcy and Restructuring

312-218-6102                          773-294-1155

dianap@awproperties.com   emilyg@awproperties.com

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