CJ Invest, Listings

Major Belize Real Estate Development Heads to Auction

By: Caribbean Journal Staff

In the action pending in U.S. District Court for the District of Maryland, In re Sanctuary BelizeLitigation, Case No. 18-cv-3309, notice is hereby given that the court-appointed receiver will conduct a public auction for the approximately 18,000 acres of real property and personal property thereon located in the Sanctuary Belize and Kanantik developments in the Stann Creek District of Belize. Offering details may be found at www.cbresanctuarybelize.com. Sale is subject to Court confirmation after auction process is completed. Minimum bid price is at least US $22,550,000. Auction will take place on February 28, 2025, at 1:30 p.m. ET in front of the entrance to the United States Courthouse, 6500 Cherrywood Lane, Greenbelt, Maryland. To participate in the auction, prospective purchasers must meet certain bid qualification requirements, including submitting a signed purchase and sale agreement, an earnest money deposit of US $1,650,000, and proof of closing funds. All bidders must be qualified by 5:00 p.m. ET on February 25, 2025, by submitting the required materials via receiver’s broker, CBRE. If interested in evaluating offering and qualifying as bidder, contact Jeff Woolson at +1 760-438-8530 or jeff.woolson@cbre.com.

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