Lehman estate sales is important in 2011

04 January 2011, 6: 13 PM EST by Michal Sandler

(Updates with comments in the fifth paragraph Marsal).

Dec. 30 (Bloomberg)--Inc. distribution holding free of Lehman Brothers sales plan for 2011 's first ???"?"??????"?????? by its cost values for the properties after two years of the firm's bankruptcy, CEO Brian Marsal said. we have several strategic projects that involve a number of high-quality assets we hope to bring to market a very attractive," he said in an e-mail message Marsal, rejects to consider for sale buildings there. Lehman, once the fourth-largest investment bank, listed real estate assets of 23 billion a day before its September 15, 2008, bankruptcy, largest in the history of the United States. Its property market value of about 14 billion nine months later, Lehman said in court.Marsal was OK mliamn hnoshim illiquid assets management for as long as five years, to invest them hope to restore some of their value if the price rose. "Real estate values continue to strengthen it makes sense to a lot more to look at a sale or liquidation of the assets, "he said."Values go and attractive for well managed properties of multifamily or commercial buildings were renovated ". Lehman International Toy Center include Avenue 5th 200 Manhattan. Be revamped building East Main Street, Stamford Connecticut offices, Lehman said.Archstone RestructuringThe and firm month complete from enterprise of an Archstone-apartment-complex, its largest asset real estate, by completing the conversion of 5.4 billion debt lahun. Archstone Smith in the past, it may sell stock to the public, Executive Director of the unit, Scot, said last month, real estate, Lehman purchased Archstone. mmonpt 22 billion, there is the matter of ownership of hundreds of developments from Washington and New York apartment on their Los Angeles, San Francisco. Distressed, financed by Lehman failure before its range a 463 Ritz-Carlton Kapalua Resort Hawaii site with boarded-up building an Auckland hospital, California court filing, according to Lehman foundered because of suggestions. dangerous real estate public too, he tried to hide selling, according to a report by Anton Valukas quiz. Some of its properties are committed investors as a backup for securities, according to court filings. competitor Lehman draw programs ProposalsMarsal rival proposals. Hedge Fund ten including hnoshim based on Paulson & co. of New York and the retirement of the California public employees filed a competitor which are commissions month told a multiple of estimated 57.5 billion more evenly between hnoshim.Marsal said in September it because to raise hnoshim 57.5 billion for the next five years, cutting these funds against claims about 365 billion. hnoshim of Lehman include Goldman Sachs Group Inc., UBS AG, the New York Giants investment authority of Abu Dhabi as well as people who held Lehman bonds. the case is in re Lehman Brothers Inc., the holding,-13555, liberty, the Court in bankruptcy of the u.s., the Southern District of New York (Manhattan).

-Authors: Charles Carter, Glenn Holdcraft

To contact the reporter on this story: Sandler Linda in New York in lsandler@bloomberg.net.

To contact the editor responsible for this story: David Rovella e. in drovella@bloomberg.net.

View the original article here