Two United States Bankruptcy Court-appointed agents have revealed details regarding the sale of over 120 area Roman Catholic Church properties that will be sold at auction in two separate public events today from Newport Beach, California.
CEO/President of Accelerated Marketing Group Todd Good and CEO/President of Tucson Realty & Trust Co. Hank Amos announced that the assets will be available at proceedings led by U.S. Bankruptcy Judge David Thuma.
One of the poorest diocese in the United States, The Roman Catholic Diocese of Gallup, New Mexico, filed for Chapter 11 Bankruptcy protection on Nov. 12, 2013.
The first auction, on Sept. 12 at the Downtown Sheraton Phoenix Hotel in Phoenix, will include 32 Arizona properties. Of the total listings available on that date, 19 are part of the bankruptcy offering. Additionally, there will be 13 other properties from sellers including the National Bank of Arizona, Golden Eagle Distributors and other private entities.
The second auction will be conducted Sept. 19 at the Airport Sheraton in Albuquerque. The New Mexico offering will include 100 properties in nine counties. All the court-ordered Diocese of Gallup properties are being offered regardless of price, with no reserves, and without being subject to court approval.
The Diocese of Gallup was founded in 1939 and covers over 55,000 square miles in New Mexico & Arizona. It has 53 parishes, 13 schools and five social centers serving approximately 58,000 parishioners.
"We are hoping the National Catholic community will come out and support this 76-year-old Diocese [whose] work for thousands of the poor and disenfranchised people in their community has given hope to many who have none," Good said.
Accelerated Marketing Group handles rapid sales of commercial and residential assets throughout the United States.