Online Auction of Southern Florida Development Land Attracts National and International Attention

NEWPORT BEACH, California -

- Online auction at LFC.com piques the interest of international real estate investors.

LFC Group of Companies, the industry leaders in online auction marketing of real estate, is offering real estate investors, both in the U.S. and abroad, the opportunity to bid on fully-entitled commercial land in Florida. Featured on the company’s website, LFC.com, the two office/retail/medical development lots are located in the southern Florida town of Estero, about halfway between Naples and Fort Myers. These two lots, one +/-9.94 acres and the other +/-11.43 acres, are both fully-entitled and offer the buyer maximum development potential with a combined +/-100,000 square feet of commercial space and +/-100,000 square feet of retail space.

This region of southern Florida is experiencing tremendous growth, despite the economic downturn. Nearby attractions include the Miromar Outlets, voted “Best Place to Shop in Southwest Florida” for eight consecutive years. Located directly across from the outlets is the only International Design Center on the west coast of Florida. Nearby Fort Myers, meanwhile, is home to the region’s newest college, Florida Gulf Coast University. Not to be outdone, Naples offers over 70 golf courses, supporting its claim as a world-class golfing capital.

The smaller of the two lots in the auction, the Galleria at Corkscrew, features a full development order at the County level. The other lot, Design Parc, lies adjacent to the Galleria at Corkscrew, and features a full development order at a County level with architectural plans for four one-story buildings and two two-story buildings. The current zoning and building configurations for both lots can be changed without increasing the approved square footage for retail and/or office. Both sites may also be reconfigured for medical usage or as an assisted living facility, provided parking requirements are met. All sewer and water infrastructure has been installed, and the properties need little or no fill prior to development.

“This is a region of Florida that has huge development potential,” said LFC National Accounts Executive Nick Meade. “Both lots have opening bids set to attract buyers, and the convenience of online access for buyers to participate in the auction has brought interest from as far away as Hong Kong.”

Interested buyers are encouraged to visit www.LFC.com/791R2 for specific property documentation and auction details. The bid deadline is November 5, 2009.

LFC Group of Companies For more than 30 years, the LFC Group of Companies have served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of US$5 billion. www.LFC.com (Commercial) www.FRE.com (Residential). The company also launched BigBidder.com, the only online auction website for buying and selling individual real estate-backed Notes.

Media Contacts: James Gerber +1-949-706-6135 jgerber@lfc.com

Source: LFC Group of Companies

James Gerber of LFC Group of Companies, +1-949-706-6135, jgerber at lfc.com