$49,000,000 - NJ and PA

Multifamily

Challenge
Portfolio Sale, the Associated Bulk-Sale Discount

Solution
Rather than offering the eleven building, 1,151 units, portfolio in a bulk sale to one buyer, Sheldon Good & Company recommended a strategy to maximize the value of the portfolio by selling each property individually. The portfolio auction strategy is designed to simultaneously market properties within a portfolio on a "buy one, some, or all" basis. All the properties were offered for sale individually and on the same day allowing the seller to evaluate the portfolio's value by selling to individual buyers versus one bulk buyer.

Results

  • 120 bidders
  • All 11 properties sold for $49 million

Click below to have an auction representative contact you about selling your property.

    Connelly Apartment Portfolio 1,151 Units