Hewlett Packard

Houston Independent School District

Marathon Oil Alaska

Marathon Oil Company

Shell Oil Company

State of Texas

Sugarland Dialysis

YMCA
 
 
Houston Independent School District
Challenge
The Houston Independent School District (HISD), in an effort to cut costs, wanted to dispose of surplus school facilities.
Solution
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.
1) Strategic planning:
Assembled the appropriate team of professionals and consultants
Analyzed and evaluated property
Developed a sealed bid auction strategy
Developed a marketing strategy
2) Marketing the property:
Developed marketing material that focused on the property's unique qualities
Solicited buyers deemed most likely and capable to consummate the transaction
Conducted property tours
Benefit
Solicited several qualified, competitive offers from developers and users in a challenging market, resulting in best value of assets achieved for HISD.
 
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