Carlton Advisors Services has been hired by a Florida bank to help the depository unload $400 million worth of real estate owned assets and commercial mortgages. Carlton declined to name the bank. The auction firm said the assets are collateralized by certain Florida cash-flowing apartment buildings, retail and hospitality properties. The assets up for bid include a 39,515 square foot shopping center in Miami, unpurchased condominium units, and a motel, among other assets. Carlton says investors can view the assets and bid on selected properties "on a first come, first serve basis" through its web platform.
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