Toys R Us Property Company I emerges from bankruptcy as Hill Street Properties
National retail real estate portfolio to be externally managed by Raider Hill Advisors
11 Mar, 2019, 08:15 ET
NEW YORK, March 11, 2019 /PRNewswire/ -- Toys R Us Property Company I, LLC ("Toys" or the "Company") today announced that it has emerged from bankruptcy as a reorganized entity under the trade name Hill Street Properties LLC ("Hill Street"). Investors in Hill Street include Empyrean Capital Partners, LP and Glendon Capital Management L.P.
Raider Hill Advisors ("Raider Hill"), which was retained as exclusive real estate advisor to the bankruptcy estate in June 2018, will continue to provide day-to-day operational oversight and management of the portfolio, including all leasing, redevelopment, and disposition activities.
Daniel Hurwitz, Founder & CEO of Raider Hill, stated, "It will be business as usual for the 168 remaining properties across 40 states. We look forward to working with Hill Street as we continue to market these assets without any interruption of the numerous transactions already under contract or those currently in negotiation."
For more information about the portfolio and available properties, please visit www.RaiderHill.com or contact Raider Hill at 216-750-8000.
About Raider Hill Advisors
Raider Hill Advisors is a private real estate investment and retail advisory firm headquartered in New York City. The firm provides advisory services for private and public market retail real estate investors and operators as well as retailers. For more information please visit www.RaiderHill.com.
SOURCE Raider Hill Advisors LLC
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