""Kennedy Wilson"":http://www.kennedywilson.com, a Beverly Hills, California-based international real estate investment and services firm, was tapped by a major financial institution to conduct an auction for $80.9 million of bank-owned REO properties.[IMAGE] [COLUMN_BREAK]
Rhett Winchell, president of Kennedy Wilson Auction Group, described the auction as ""another exclusive offering in a long series of commercial auctions.""
Made up of Class A office buildings, retail centers, commercial land, and oceanfront residential land, the portfolio consists of 12 properties in Arkansas, California, Colorado, Florida, Nevada, and Oregon.
""Kennedy Wilson has over 30 years of experience in conducting residential and commercial auctions, and our recent offerings have identified substantial numbers of buyers seeking new investments through our auction platform,"" Winchell said.
The company is accepting bids for individual properties or a combination of properties. Details on bid procedures and the REOs up for grabs can be found on ""Kennedy Wilson's Web site"":http://www.kwcommercialauction.com.
Kennedy Wilson was also recently hired to auction another portfolio of commercial properties in Q4 2010-this one for $75 million.