HILCO REAL ESTATE ANNOUNCES THE MARKETING OF 121 NET-LEASED JCPENNEY PROPERTIES

NORTHBROOK, Ill., Feb. 6, 2025 /PRNewswire/ -- Hilco JCP, LLC, an affiliate of Hilco Real Estate, LLC and Manager of Copper Property CTL Pass Through Trust (the "Trust"), recently announced the Trust has placed on the market 121 net-leased JCPenney properties located across 35 states representing over 16 million square feet. The majority of the portfolio's properties are strategically located in major metropolitan areas surrounding such cities as Austin, Miami, Houston, Los Angeles, and New York, with 50% of the portfolio assets located in the high-growth Sunbelt region.

This real estate portfolio is the subject of an absolute, triple net long-term master lease with the sole tenant, JCPenney. JCPenney is owned in a joint venture comprised of two of the largest retail mall owners in the U.S., Simon Property Group and Brookfield Asset Management. 

Hilco JCP, LLC has chosen Newmark's national retail capital markets team to market this portfolio. A call-for-offers date has been set for February 26, 2025. For sale details, please visit https://bit.ly/4jAHRG6 for portfolio information and offer procedures.

Additional information on this sale and other pertinent details can be found on the Trust's website, located at www.ctltrust.net.

About Copper Property CTL Pass Through Trust
Copper Property CTL Pass Through Trust (the "Trust") was established to acquire 160 retail properties and 6 warehouse distribution centers (the "Properties") from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust's operations consist solely of owning, leasing and selling the Properties. The Trust's objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit www.ctltrust.net.

About Hilco Real Estate 
Successfully positioning the real estate holdings within a company's portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate (HRE), a Hilco Global company (HilcoGlobal.com), we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments.

The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation.

Forward Looking Statement
This news release contains certain "forward-looking statements". All statements other than statements of historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "our vision," "plan," "potential," "preliminary," "predict," "should," "will," or "would" or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust's expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust's Registration Statement on Form 10 filed with the Securities and Exchange Commission (the "SEC"), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust's filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust's SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

Company Website
https://ctltrust.net/about/default.aspx

View source version on newsdirect.com: https://newsdirect.com/news/copper-property-ctl-pass-through-trust-sells-seven-of-its-jcpenney-retail-locations-for-65-2-million-374512416

View original content to download multimedia:https://www.prnewswire.com/news-releases/hilco-real-estate-announces-the-marketing-of-121-net-leased-jcpenney-properties-302369659.html

SOURCE Hilco Real Estate, LLC