Idled Assets Group to form Vulture Fund for Corporate Real Estate

Fund to quickly acquire idled corporate assets

Boca Raton, FL (PRWEB) October 21, 2004 -- Edmond L. Prins CEO of Idled Assets Group announced today the formation of a fund to acquire idled corporate properties. The funds criterion is to buy corporate properties quickly and at a significant discount.

Billions of dollars are trapped on corporate balance sheets represented by locations that have been closed. Companies are looking to dispose of the properties they no longer utilize," said Prins. He went on to say, "Their greatest concern is having to carry these assets on their books for long periods of time."

Idled Assets Group is the pre-eminent asset-based investment management firm. Our area of expertise is assisting senior management of Fortune 1000 companies and communities with the effects of corporate streamlinings and solvent liquidations. Specifically, IAG creates and most importantly executes Managed Exit Programs. These programs are designed to help IAGs clients deal with closing or closed locations in a manner that will reduce or eliminate contingent liabilities and generate financial return and positive community relations. For more information call 1-877-72-IDLED.

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