Bid Deadline: March 14, 2025 at 5 pm CT Possible Live Auction Date & Time (Top Bidders): March 21, 2025 at 10 am CT, via Zoom Minimum Bid: $5,500,000 Buyer’s Premium: 5% of Sale Price Acres: Approx. 5.86 (255,262 SF) Zoning: R200 or TDR Entitlements Now Included in the Sale (Per Jan. 6, 2025 Court Order):88 Units Independent Living & 91 Beds of Assisting Living/Memory Care **Potential purchasers must perform their own due diligence relating to the Property and its conditional use entitlements. This sale is an as is where is sale without any guarantees or warranties from Seller and/or its agents. ** Sale Process: This sale is being conducted by Order of the U.S. Bankruptcy Court for the District of Maryland (Greenbelt Division) in Case No. 21-10491-MCR Chapter 11 (Burtonsville Crossing, LLC, Debtor) and Case No. 21-10492-MCR Chapter 11 (Elderhome Land, LLC, Debtor), Jointly Administered Under Case No. 21-10492 MCR. Bids must be received on or before the deadline of March 14, 2025 at 5 p.m. (CT) and must be submitted on the Purchase and Sale Agreement provided here along with proof of sufficient funds. Bids should be submitted to Diana Peterson via email at dianap@awproperties.com. Subject to bankruptcy court approval the sale will conclude with the highest bidder. The successful bidder and back-up bidder shall both be required to post a non-refundable good faith deposit, with no financing or inspection contingencies. The successful buyer shall close within seven (7) business days after Court approval of the sale and any stay of such order shall be waived. Bid Procedures: Please refer to the bidding procedures provided here. Any questions should be directed to Diana Peterson: dianap@awproperties.com; 312.218.6102. For Information Relating to the Other Land Parcel Included in this Bankruptcy Court Ordered Sale, Please Click Here: https://auctions.awproperties.com/product/bankruptcy-court-ordered-sale-of-vacant-land-zoned-rc-in-burtonsville-md-ideal-for-sf-development/