Since our founding in 1990, Ten-X has distinguished itself as the world leader in maximized asset disposition strategies, asset management and real estate sales. Our expertise lies in selling residential, commercial, luxury homes, multi-family and hospitality properties, land, as well as performing and non-performing notes and loan pools.
As the nation’s leading online real estate marketplace, Ten-X has sold more than $20 billion in assets since 2007.
In 2011, our residential sales totaled $1.8 billion and 35,000 homes auctioned. Our commercial real estate division auctioned 1,169 Notes totaling over $4.6 billion at a recovery rate of 52 percent; additionally, it auctioned 1,087 REO valued at $1.2 billion with an average recovery price at 103 percent of the reserve.
Working directly with lenders, financial institutions, developers and private parties, Ten-X conducts auctions throughout the United States and abroad, ranging from live ballroom mega-auctions to local on-site and courthouse auctions, plus online auctions through the use of our proprietary and best-in-class online auction platform.
Home buyers and investors alike have the opportunity to bid live at our ballroom auctions, online against ballroom bidders using our webcast platform, or participate in online only auctions through our state-of-the-art online bidding system where buyers bid in real time as the auction progresses.