TICPM plans to pay $510,944 for the exclusive rights to the auction assets, according to GlobeSt.com's TIC Monthly newsletter, which reported on the deal this week. However, if TICPM is unable to obtain management rights to some of the properties, the price will be reduced. The firm will obtain financing for the deal from the National Bank of South Carolina, Boyd reveals to GlobeSt.com.

"Out of difficult times come opportunities," he says, adding that TICPM was probably declared winner of the bid because of its ability to close quickly and put resolution to the situation. According to a blog item posted by DBSI, the firm was up against HAI Advisors/The DeBartolo Group, Lincoln Property Co., NAI Global, Panther Real Estate Partners LLC, Thompson National Properties LLC and Block & Co. in the bid.

"As the DBSI situation rapidly unfolded, many broker dealers, registered representatives, lenders and TIC investors reached out to our firm to determine if we could assist them in any way," Boyd said in a press release. "After reviewing our capabilities and the DBSI portfolio, we felt our firm was uniquely positioned to assume responsibility for it."