56 Single Family Residential Homes, Condos and Land Located in Lakewood, NJ to Be...

Fri Mar 7, 2008 10:00am EST

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56 Single Family Residential Homes, Condos and Land Located in Lakewood, NJ to Be Sold at Auction

Keen Consultants - The Real Estate Division of KPMG Corporate
Finance LLC to Auction Residential Properties in Lakewood, NJ

Auction Date - April 2, 2008 at 1:00 P.M.

Venue - The Ramada, 2373 Route 9, Toms River, NJ
MELVILLE, N.Y.--(Business Wire)--
Charles A. Stanziale, Jr., as Chapter 11 Trustee of Solomon Dwek,
Debtor, et al, has announced an auction of 56 single family homes,
condos and land located in Lakewood, NJ. Keen Consultants - The Real
Estate Division of KPMG Corporate Finance LLC, has been retained as
the Trustee's Special Real Estate Consultant and has been assisting
the Trustee with the disposition of all of Mr. Dwek's real estate
assets. MSL Management of Lakewood, NJ is being retained as the
Trustee's local representative in the auction sale.

"There has been a great deal of interest in the Dwek assets. The
April 2nd auction gives buyers a great opportunity to purchase the
available properties through a simple, straightforward process and on
excellent terms. All properties will be sold on the auction date,"
said Craig Fox, Director, KPMG Corporate Finance LLC. "Parties
interested in bidding on the Lakewood residential properties should
contact Meir at MSL Management (732) 364-5938 ext. 104 or our office
at the number below. Information regarding these properties can also
be found on our website, www.keenconsultants.com," Fox added.

On March 2, 2007 Charles A. Stanziale, Jr. was appointed Chapter
11 Trustee of the Solomon Dwek bankruptcy and related cases by Kelly
Beaudin Stapleton, United States Trustee, Region 3. As Chapter 11
Trustee, Mr. Stanziale has been overseeing the sale and disposition of
a 240+/- portfolio of real estate owned by Solomon Dwek and related
entities. To date, approximately 59 properties totaling $71,000,000 in
gross proceeds have been sold or are pending closing.

For more information regarding the disposition of the Solomon Dwek
Real Estate Assets, please contact Keen Consultants/KPMG Corporate
Finance LLC, 1305 Walt Whitman Road, Suite 200, Melville, NY 11747,
Telephone: 631-351-7800, Fax: 631-794-2464, Email: cafox@kpmg.com,
Attn: Craig Fox.

For Keen Consultants -
The Real Estate Division of KPMG Corporate Finance LLC
Craig Fox, 631-351-7800
Director
cafox@kpmg.com