Mr. Kravets, was the former President of Sheldon Good and Company and co-founder of Hilco Real Estate Auctions. His experience reflects not only the real estate auction industry but the legal arena as an attorney in private practice who headed up a 35 person law firm with concentration and expertise in real estate law, banking, turnarounds, workouts, restructuring and bankruptcy during his 20-year legal career.
Alan has worked with individuals, investors, developers, financial institutions, REIT’s, hedge funds, private equity funds, homebuilders, the hospitality and golf industry, healthcare providers, business owners and corporate America as a broker and auction consultant.
He has structured many property disposition strategies. He was the principal architect that developed strategic auction sale solutions involving 100 different asset classes from the sale of 60 condominium units throughout Puerto Rico, a bio diesel plant in Alabama, a golf course in New Hampshire and a gold mine in Arizona. He was a key participant in the workout between Donald Trump and a group participant lender, resulting in the $19 million sellout of the remaining units of Trump Plaza of the Palm Beaches, 44 properties for BP Oil throughout Ohio, 46 properties for Amoco in three states, a 30 million, 25-property portfolio across Canada, and the $19 million sale of a 400 acre equestrian estate in Barrington Hills, Illinois among many others. Alan has been actively involved in auction sales and workouts totaling billions of dollars.
Alan frequently lectures on real estate brokerage and auction matters for Continuing Legal Education and various legal, realtor and auction firms and associations such as Turnaround Management Association, Federal Home Loan Banks, and the National Council of Savings Institutions and in numerous other real estate forums from coast-to-coast. He was recently selected as a panelist at the National Association of Bankruptcy Trustees conference and spoke and wrote about the following topic, “Post Radlax Credit Bidding and Carve Out Techniques in Real Estate Auction Sales – From the Auctioneer’s Perspective”.
Alan has acted as an Expert Witness on many issues including; valuations, standards of best practices, deficiency judgments and commission disputes.
He was chosen as a member of Lambda Alpha International, an honorary land economics society and invited to membership in The Economic Club of Chicago. Alan is a former Board Member of the International Association of Attorneys and Executives in Real Estate (AECRE), the Turnaround Management Association (TMA – Chicago) and active in the American Bankruptcy Institute (ABI) and the Illinois Hotel and Lodging Association (IHLA). He is also on theAdvisory Board for the Center for Real Estate law at The John Marshall School of Law.
Complementing his professional affiliations, Alan has helped raise millions of dollars organizing and conducting charity auctions around the globe. His work for such organizations as Thresholds, Pritzker Military Library, the Congressional Medal of Honor Foundation, First Tee, American Diabetes Association, College Bound Opportunities, Illinois Lodging and Hospitality Association Scholarship, and many others has made a tremendous philanthropic impact.
He co-authored “The Auction Advantage in the Disposition of Real Estate” for The Secured Lender, “A Guide to Representing Sellers at Auction”, which was published by the American Bar Association in The Complete Lawyer, and “Going, Going, Gone”, for the American Bar Association. He is widely quoted as an expert in real estate and disposition strategies.
Alan is a licensed Illinois attorney and is licensed as a Real Estate Broker or Salesperson in 12 states, including Arizona, Florida, Illinois, Indiana, Michigan, Wisconsin, New York and New Jersey. He is a member of several Bar Associations and the National Association of Realtors®.
Juris Doctor – University of Michigan Law School
B.A. – Business Administration – University of Michigan School of Business Administration