Sheldon Good & Company to Conduct a Developer Closeout Auction of 18 Luxury Condominium Residences in Houston's Galleria District.

NEW YORK -- Sheldon Good & Company, the nation's leading real estate auction firm, will conduct a developer closeout auction in Houston, Texas on Sunday, August 14th, for the 18 remaining residences in The Bristol, a 96-unit full service luxury condominium community located in the dynamic Galleria District - an epicenter for world-class shopping, dining and entertainment.

Investors and homeowners will have the rare opportunity to name their price and purchase a variety of two-bedroom, three-bedroom, and penthouse homes that feature breathtaking panoramic views of Downtown Houston and the Galleria / Uptown area through dramatic floor to ceiling windows; spacious bedrooms and private baths; and beautiful interiors, including gourmet kitchens with granite countertops and state-of-the-art appliances.

Seven residences will be sold subject to low minimum bids starting at just $150,000 for spacious two-bedroom condominiums, $215,000 for the three-bedroom residences, and $425,000 for the Penthouses. The homes were originally priced to $1,500,000 -- representing potential savings of up to 63% of the original price.

The Bristol was designed as the ultimate choice for sophisticated urban living with utmost attention given to convenience and comfort. A full service condominium, the property offers a wide range of luxurious amenities, including a lushly landscaped resort-style swimming pool; fully equipped fitness center with dry sauna; high speed wireless internet throughout all public spaces, including the community's business center; and complimentary valet parking for all residents make The Bristol a true lifestyle community.

"This auction presents unprecedented value for buyers in a luxury community of this caliber that has been a huge success and is already 80% sold. In terms of design, layouts, amenities and full service staff there is simply nothing else like it in the neighborhood. By offering these homes at auction prices, bidders will receive a level of value that doesn't currently exist anywhere in Houston. For the developer, it is an opportunity to sell his final remaining inventory in just one day, allowing them to move on to their next project," said Mark Troen, Chief Operating Officer of Sheldon Good & Company.

The Bristol's Galleria location is conveniently located within blocks of Houston's premiere attractions, cultural institutions and area conveniences, including Greenway Plaza, Texas Medical Center, Reliant Park, and the Museum District. Just minutes from downtown Houston, the sixth largest metropolitan area in the US, the condominiums are situated nearby all major freeways for quick and easy access to all Houston has to offer.

Starting this Saturday July 9th and running through Saturday August 13th, interested buyers can view the community and residences during pre-auction Weekend Open Houses every Saturday and Sunday 11am to 4pm. Also, beginning Thursday July 14th they will add additional viewing hours every Thursday and Friday noon to 7pm. The auction will take place on Sunday, August 14th, at the Intercontinental Hotel. Registration will begin at 11am, and the auction will start at noon.

For more information on the auction and to view the available residences at pre-auction open houses, call 800-516-0012, email auctionrequest@sheldongood.com or visit www.HoustonCondoAuction.com.

ABOUT SHELDON GOOD & COMPANY

Sheldon Good & Company is America's Real Estate Auctioneer(TM). As the nation's leading provider of strategic marketing and structured accelerated sales solutions, the firm has a 45-year track record of proven results, has sold billions of dollars worth of properties in every real estate asset class, and has the highest closing ratio in the industry.

Sheldon Good & Company is a Racebrook Portfolio Company, part of a family of enterprises offering a wide range of services in the special situation and opportunistic real estate sector that include: advisory and consulting services; acquisition, investment and disposition capabilities; and workout and restructuring services. The firm's headquarters are based in New York City, with primary offices in Chicago, Miami, Denver, Los Angeles, San Francisco and other strategic locations nationwide.