ITT Educational Services Inc. filed a motion in the US Bankruptcy Court for the sale of its certain assets on January 3, 2017. The debtor seeks the Court’s approval for the sale of its certain assets to LandMetro, LLC, the stalking horse bidder, for a purchase price of $3 million in cash pursuant to the asset purchase agreement dated January 3, 2017. The debtor’s assets include real property and assets located at 1980 Metro Court SW, Wyoming, MI 49519. Under the terms of the agreement, the buyer shall pay an initial deposit of $0.03 million upon the entry of the asset purchase agreement. To qualify as a qualified bidder, interested parties should submit their bids by February 15, 2017. The debtor has scheduled an auction on February 22, 2017. The sale hearing is scheduled for February 23, 2017. The closing of the transaction shall take place not later than 1 business day following the entry of the sale order. A&G Realty Partners, LLC acted as real estate brokers with respect to the sale for a commission of 1.95% of the gross sale proceeds. John C. Hoard and Deborah Caruso of Rubin & Levin, P.C. represented the debtor as legal advisors and Leslee M. Lewis of Dickinson Wright PLLC represented the buyer as legal advisor.