Northwood Properties, Converted to Chapter 7, Retains KPMG CF Realty to Sell the Remaining Building Rights for 42 Senior Living Condominium Units in Massachusetts

KPMG Corporate Finance to Dispose of Condominium Building Rights in Sudbury, MA
Bid Deadline: August 5, 2009
(Trustee will review and accept the best bid for Bankruptcy Court Approval)

MELVILLE, N.Y.--(Business Wire)--
Mark DeGiacomo, Chapter 7 Trustee for Northwood Properties, LLC, has retained
KPMG CF Realty LLC, the Real Estate Division of KPMG Corporate Finance LLC, as
his agent to market and sell the remaining building rights for 42 senior living
condominium units located outside of Boston, in Sudbury, Massachusetts.
Northwood Properties, LLC converted to a Chapter 7 Bankruptcy on January 23,
2009. A bid deadline of August 5, 2009 has been set for receiving offers or
letters of intent.

The senior living complex, known as Northwood at Sudbury was originally approved
for 66 units and an activities building. Two buildings containing 24 units have
already been constructed, sold and are occupied, while current and valid
approvals are in place for the remaining 42 units. All units are presently
designed to average 1,984 sq. ft. and contain either 1 or 2 bedrooms and 2
baths. Additionally, the activities building has been completed, is in current
use and includes an indoor pool, activities rooms, offices, kitchen, men`s and
women`s locker rooms, exercise room with equipment, elevator and an unfinished
basement.

"The purchaser of these rights will receive the building permits and all town
required approvals are in place," said Matthew Bordwin, Managing Director &
Group Head, KPMG Corporate Finance LLC. "A bid deadline of August 5 has been
established. The trustee will review and accept the best bid for Bankruptcy
Court approval," Bordwin added. Purchasers interested in submitting an offer for
the building rights may contact Mr. Bordwin at the address listed below.

On October 1, 2007 KPMG Corporate Finance LLC, a full service, independent,
middle-market investment bank, announced it had acquired substantially all of
the assets of Keen Consultants, LLC and Keen Realty, LLC. Keen Consultants is
operating as the Real Estate Division of KPMG Corporate Finance LLC. Established
in 1982, Keen specializes in selling excess assets and restructuring real estate
and lease portfolios for companies in bankruptcy. Keen has had extensive
experience solving complex problems and evaluating and selling real estate,
leases and businesses. Keen, a leader in identifying strategic investors and
partners for businesses, has consulted with hundreds of clients nationwide, and
evaluated and disposed of more than 20,000 properties containing nearly 2
billion sq. ft. across the country. Former clients included: Cable & Wireless,
Elliott Building Group, Movie Gallery/Hollywood Video, Spiegel/Eddie Bauer,
Arthur Andersen, Service Merchandise, Warnaco, and JP Morgan Chase.

For more information regarding the disposition of the above referenced property,
please contact Keen Consultants/KPMG Corporate Finance LLC, 1305 Walt Whitman
Road, Suite 200, Melville, NY 11747, Telephone: 631-351-7800, Fax: 631-794-2491,
Email: mbordwin@kpmg.com, Attn: Matthew Bordwin

Keen Consultants - The Real Estate Division of KPMG Corporate Finance LLC
Matthew Bordwin, 631-351-7800
Managing Director & Group Head
mbordwin@kpmg.com

Copyright Business Wire 2009