Carlsbad, California (PRWEB) January 14, 2015
Real Capital Markets announced today that its new online auction platform, RCM Accelerated, facilitated the closing of more than 120 commercial properties and loans in 2014 with a total sales price of approximately $350 million, marking the end of a solid inaugural year.
Seventeen multiple-asset auction events were viewed by more than 230,000 prospective investors from around the globe, elicited over 8,000 signed confidentiality agreements, and attracted over 700 registered bidders who submitted deposits in advance of the auction.
With asset values ranging from $500,000 to $25 million, RCM Accelerated sold commercial real estate properties and loans across all asset types including office, retail, hotel, industrial and multifamily throughout the United States.
Steve Shanahan, Real Capital Markets’ Executive Managing Director, stated, “I’m very pleased with our first-year performance. The results continue to demonstrate the importance of using technology to increase efficiencies on both sides of the buy-sell equation.” Mr. Shanahan continued “However, as we all know, efficiency only takes you so far. The commercial real estate industry is built on relationships – doing business with the people you trust. That’s one of the main reasons behind RCM Accelerated’s rapid popularity. Our trusted network of qualified investors has already participated in over $1.4 trillion in property sales with the RCM platform before we ever facilitated our first online auction.”
Damon Wyler, Executive Vice President with NAI Capital, stated, “Our clients benefitted from RCM Accelerated’s broad exposure, tightly controlled transaction process, and certainty of close within a tight timeframe, which would’ve been difficult to duplicate. It is very exciting to watch the rapid price increases, as the auction process begins to heat-up.”
About Real Capital Markets
Real Capital Markets (RCM1.com) is a Southern California based company that provides online solutions that streamline the entire commercial real estate sales and marketing process for buyers, sellers, and brokers. From property marketing and due diligence, to bidding and closing, RCM increases the speed, exposure, and security of property and notes sales.
Founded in 1999, RCM is the leading online commercial sales and marketing platform. To date, the Company has introduced more than 37,000 assets to its qualified investor database, resulting in more than $1.4 trillion in total sales. Approximately 1/3 of all U.S. commercial assets sold, over $10 million, are brought to market using Real Capital Markets’ online marketplace.