● Auctions are a proven way to sell commercial real estate online. Auctions support our vision of trading CRE online and can be incredibly profitable as well.
● CREXi’s aggregation of buyers and sellers in its marketplace overlap with those who participate in auctions giving us a way to rapidly kickstart an auctions product.
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Business Goals
● Extend existing product to be selected as the online auction marketplace
● Gain operational experience to inform the further development of our auction marketplace to support auctions more broadly
