The Houston Independent School District (HISD), in an effort to cut costs, wanted to dispose of surplus school facilities.
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:
2) Marketing the property:
Solicited several qualified, competitive offers from developers and users in a challenging market, resulting in best value of assets achieved for HISD.