Commercial Auction Listings

NEWPORT BEACH, CA— The online auction for over 30 properties, owned by German construction and building company, Hallesche Mitteldeutsche Bau AG (HMB), has generated such a remarkable response that Freedom Realty Exchange’s Last Call®has been invoked, therefore extending the bid deadline in the auction. Since the launch of the campaign, the auction webpage has received over 12,000 unique visits and there are over 90 registered bidders.

“We are thrilled with the response and very happy that buyers have accepted the online auction process”, states Ryan Devin, Director of Auction Operations. “Not only do the buyers understand it, they appreciate the convenience and ease of use, but even more so the buyers are excited by the opportunity to purchase real estate at a very good price.”

During Last Call, the bid deadline is extended when a new bid is placed on a property or when the highest sealed is posted on a property, thereby opening it up to further bidding. Also, as the portfolio of individual properties is with one seller, the bid deadline is extended across all the properties in the HMB portfolio.

This phase of the auction is the most exciting as prospective buyers are given additional time to place their bids on any of the over 30 properties in the Saxony-Anhalt and surrounding states, while current bidders are awarded ample time to reconsider and react when out-bid.

The auction cannot last forever, so interested buyers are encouraged to visit www.FRE.de/118, register a user account, view the properties and download documents. By submitting the required bid deposit by credit card, which is as low as €500 on many of the properties, a bid can be placed on the property before the published bid deadline.

The Freedom Realty Exchange®

The Freedom Realty Exchange is owned and managed by LFC Internet Marketing, Inc., a member of the LFC Group of Companies. For more than 30 years, the LFC Group of Companies has successfully auction marketed thousands of commercial, industrial, land and residential properties, with sales in excess of $5 billion; and for the last seven years, we have conducted real estate auctions exclusively online. We have successfully served numerous Fortune 500 companies, real estate developers, investors, financial institutions, government agencies and real estate brokerages, both nationally and internationally, providing a complete suite of real estate disposition strategies and auction marketing programs for commercial and residential property and mortgage notes.

German construction and building company, Hallesche Mitteldeutsche Bau AG (HMB) has placed over 30 various types of properties in an online auction on the Freedom Realty Exchange (FRE.de) in an effort to efficiently dispose of standing real estate inventory in the Saxony-Anhalt and surrounding states.

Many of the properties in this portfolio were previously thought to be unavailable, but in an unprecedented move by HMB, interested buyers now have the unique opportunity to purchase the real estate at a deeply discounted rate and in a very convenient and secure auction method.

“As a leading online real estate auction marketplace, Freedom Realty Exchange is proud to be part of this event and feels confident that the local buyers will embrace the online auction method and participate in the sale,“ states Ryan Devin, Director of Auction Operations.

With properties ranging from vacant land to commercial buildings, and even hotels, this real estate auction represents the strong shift by institutional property owners to attract buyers in a market where true real estate value can be difficult to determine, especially when the properties have remained undeveloped for a long period of time.

“The efficiency of an online auction is what appealed us. We have many properties to sell located in a large geographical radius, and we strongly felt that the online auction would be the best option to attract as many buyers as possible from the local region, as well as across the globe,“ states Cahit Oklap, President of HMB.

The online auction format is a convenient, secure and fair process becoming very popular with buyers as it does not require them to physically be present to bid on a property, allows them to bid on more than one property simultaneously and all bidding is conducted from the buyer’s own computer, whether at the office or at home.

The online auction features a variety of properties, here are a few highlighted ones;

#118-11 – Schlosshotel Fincken — a lake front hotel with views of Finckener See. This 3-story hotel with a basement for social events includes 3 hotel bungalow, restaurant/bar and three conference rooms. The minimum starting bid is EUR1,000,000.00.

#118-12 – Hotel am Steintor in downtown Halle is a 4-story hotel with 49 rooms, restaurant/bar and basement. The minimum starting bid is EUR790,000.00.

#118-15 — An office complex with over 77m of frontage along Madgeburger Strasse in downtown Halle. It is comprised of a 5-story office building, a 7-story courtyard office building with multi-tenant leases, a repair shop and garages. The minimum starting bid is EUR1,830,000.00.

Interested buyers can conduct their property research and due diligence by downloading documents directly from the auction website, www.FRE.de/118 as well as contact the Regional Representative in Leipzig to schedule a tour of a property. A fee is offered to real estate agents/broker representing a buyer in a successful sale of a property in the auction. All bids are due May 3, 2012.