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Auction.com Event Sells $424M in Multifamily

IRVINE, CA-One multifamily transaction breaks an Auction.com record, with an asset trading for $55.1 million.

By Ian Ritter | Updated on March 09, 2012

IRVINE, CA-Auction.com‘s multifamily event that took place earlier this week is over, and the event was a record breaker. The auction sold a total of $424 million in assets comprised of 46 properties, 18 notes and about 9,300 units.

Included in the transactions was a record-breaking deal across all property sectors for Auction.com — $55.1 million for a single asset, a 374-unit complex in Chesapeake Bay, VA. In all, deals took place in 29 states, representing most major regions of the United States.

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