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GA Keen Realty Advisors Hired by Federal Receiver to Sell Former Headquarters of Peregrine Financial Group



  GA Keen Realty Advisors Hired by Federal Receiver to Sell Former
  Headquarters of Peregrine Financial Group

– State-of-the-Art LEED Certified 48,250 Sq. Ft. Building in Cedar Falls, Iowa
                                      –

                          Bid Deadline: May 24, 2013

                            Auction: May 31, 2013

Business Wire

NEW YORK -- February 27, 2013

GA Keen Realty Advisors, a division of Great American Group, Inc. (OTCBB:
GAMR), is marketing a 48,250-square-foot office building in Cedar Falls, Iowa
that has been built to Leadership in Energy and Environmental Design (LEED)
Gold standards for its environmentally-friendly construction.

The property and facilities are being sold as part of a Federal Receiver’s
sale, with GA Keen Realty Advisors working with the court appointed receiver,
Chicago-based attorney Michael M. Eidelman, in marketing the building and
property. The bid deadline is Friday, May 24, 2013, with an auction scheduled
for Friday, May 31, 2013. Bid procedures are available and offers can be
accepted by the Receiver prior to the auction.

“This is an extraordinary, world-class building that is an outstanding
location for a corporate headquarters or a tremendous opportunity for an
investor,” said GA Keen Realty Advisors Co-President Matthew Bordwin. “The
building’s sustainable design and highly desirable amenities make it an
attractive purchase for a variety of users. Additionally, it’s nestled in a
beautiful suburban area that’s only a few minutes from the interstate.”

Built in 2008, the building design features minimize emissions, water use,
waste, and indoor pollutants. Located on a 22-acre site at 1 Peregrine Way, it
is designated as a Class A professional office building and includes 108
exterior parking stalls and 43 underground parking spaces. The exterior is all
glass and features finishes of bamboo, cork, carpet and natural stone.
Amenities also include a two-story atrium, kitchen and cafeteria, an exercise
facility with locker rooms, a day-care center, and flexible office
configurations with movable systems.

The building is the former headquarters of Peregrine Financial Group (PFG),
owned by Russell Wasendorf, Sr., which filed for bankruptcy in July 2012.

GA Keen Realty Advisors was retained by Order of the United States District
Court, Northern Division of Illinois on February 26, 2013. For more
information about the office building, contact Matthew Bordwin at
mbordwin@greatamerican.com, Chris Mahoney at cmahoney@greatamerican.com or
Heather Milazzo at hmilazzo@greatamerican.com or call 646-381-9222. Additional
information can be found at www.greatamerican.com/keen.

About GA Keen Realty Advisors, LLC

GA Keen Realty Advisors, located in New York, provides real estate analysis,
valuation and strategic planning services, brokerage, M&A, auction services,
lease restructuring services and real estate capital market services. For more
information about GA Keen Realty Advisors, call 646-381-9222 or visit
http://www.greatamerican.com/keen.

About Great American Group, Inc. (OTCBB: GAMR)

Great American Group is a leading provider of asset disposition and auction
solutions, advisory and valuation services, capital investment, and real
estate advisory services for an extensive array of companies. A trusted
strategic partner at every stage of the business lifecycle, Great American
Group efficiently deploys resources with sector expertise to assist companies,
lenders, capital providers, private equity investors and professional service
firms in maximizing the value of their assets. The company has in-depth
experience within the retail, industrial, real estate, healthcare, energy and
technology industries. The corporate headquarters is located in Woodland
Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C.,
Chicago, Dallas, New York, San Francisco and London. For more information,
call 818-884-3737 or visit www.greatamerican.com.

Contact:

Great American Group
Michelle Kahan, Director of Marketing
818-884-3737
mkahan@greatamerican.com
or
Mulberry Marketing Communications
Christina Bereta, Account Executive
312-664-1532
cbereta@mulberrymc.com
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