Farmington Hills, Mich.-based Friedman Integrated Real Estate Solutions recently closed a successful three-day online multi-family real estate auction. The online sale included 13 multi-family assets made up of 3,000 units in four states with an aggregate dollar volume of more than $160 million.
Investor interest was significant, with more than 1,000 executed confidentiality agreements while the portfolio was at market.
The 13 property auction, which Friedman marketed in conjunction with Auction.com, featured assets in Alabama, Arizona, Ohio and Tennessee.
The portfolio was part of a larger pool that represented the single largest multi-family auction in history.
“Our company has always been on the cutting edge of technology in commercial real estate, and the addition of the Auction.com platform has strengthened our capability to provide our clients with an unparalleled level of service.,” said president and chief operating officer David Friedman.
