Hilco Real Estate Names New CEO

Neil Aaronson has been named CEO of Hilco Real Estate, after having served as executive vice president of the group’s parent company Hilco Trading LLC. He succeeds Mitchell Kahn, who is leaving Hilco.

PRESS RELEASE

Neil R. Aaronson, 35, has been appointed Chief Executive Officer of Hilco Real Estate, LLC. He replaces Mitchell P. Kahn, 48, who has decided to pursue opportunities outside the Hilco family of companies. Mr. Aaronson had been Executive Vice President with Hilco Trading, LLC, the parent company of Hilco Real Estate.

While Mr. Kahn has not yet announced a time frame for his future plans, he will remain actively involved in several of Hilco Real Estate’s current engagements as well as in the company’s near-term property acquisition transactions.

Hilco Real Estate also announces that Gregory S. Apter, 42, has been promoted to President from Chief Operating Officer. Mr. Apter will also now formally lead Hilco Real Estate’s agency transactions group, managing owned and leased property disposition and lease restructuring services.

Commenting on these changes, Michael Keefe, President of Hilco Trading LLC, the parent company of Hilco Real Estate, said, “We wish Mitch Kahn great success and thank him for his many years of service.” He added, “I am very enthusiastic about Hilco Real Estate’s new leadership team. Neil Aaronson is an effective leader and experienced in structuring complex transactions involving real estate and other assets. He will add great value to the business. Greg Apter has played a major role in the growth and success of Hilco Real Estate. I am certain his important contributions will continue.”

About Hilco Real Estate, LLC

Hilco Real Estate, LLC (“HRE”) helps businesses improve leverage and cash flow by repositioning and restructuring their real estate commitments. The company focuses on optimizing value for real estate in the shortest time frame possible. Clients include retail businesses, wholesale and industrial concerns and private equity firm portfolio companies that may be involved in closing under-performing facilities, consolidating as a result of a merger or acquisition, expanding into new markets, or streamlining their organization. HRE serves healthy companies as well as those in turnaround and renewal or in bankruptcy. HRE is a unit of The Hilco Organization, an international leader in valuing, buying, selling and maximizing the value of tangible and intangible business assets. For more information, visit: www.hilcorealestate.com.