In a release, Carlton calls the asset sale, which it's conducting on behalf of an undisclosed client, an opportunity "to acquire cash flowing hospitality, multifamily, office and retail assets. There are also well-located and highly desirable land assets being offered which are situated in excellent locations near major tourist destinations."

Among the assets up for auction is Grenelefe Resort, described as 593 built condominiums with tennis resort and two 18-hole golf courses on the Shores of Lake Marion in central Florida. There are also an operating 500-key Ramada hotel located near Walt Disney World in Orlando, a 73-acre resort development entitled for retail, residential and commercial uses in the Orlando suburb of Kissimmee and a 140-acre resort development site near the entrance to Walt Disney World Resort, among other assets. On the West Coast, the assets include 560,000 square feet of approved development rights in Anaheim Gardenwalk at the entrance to the Magic Kingdom in Anaheim, CA.

Potential buyers can bid on a first-come, first-served basis through the CEX REO MLS Exchange. In February, managing director Joe Korbar told GlobeSt.com the platform allows potential buyers to bid within timeframes they find conducive as long as the properties are still available.

"It's a real-time bidding platform, so it's first-come, first-served," Korbar said in February. "The buyer could buy on an individual loan basis or in bidder-defined pools."

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.