COMPASS AUCTIONS & REAL ESTATE AWARDED FDIC CONTRACT TOTALING NEARLY $30 MILLION
By Justin Ochs | Published December 17, 2013
Compass Auctions & Real Estate Awarded FDIC Contract Totaling Nearly $30 Million
Nashville, TN – Compass Auctions & Real Estate, LLC ( www . SoldonCompass .com ) is pleased to announce the Federal Deposit Insurance Corporation (FDIC) has awarded the company the listing of 26 properties across the state of Tennessee totaling nearly $30 Million.
Compass Auctions & Real Estate, headquartered in Chattanooga, TN, has assigned Justin Ochs, Principal Broker and Auctioneer of the Nashville Division as Lead Project Manager. Justin’s work ethic, customer service skills, professionalism and expertise in contract negotiation are highly sought after in the traditional market. Ochs worked closely with associate T. Kyle Swicegood, CCIM of the Swicegood Group, LLC in North Carolina who has a proven track record in handling FDIC assets.
“We are humbled to be selected by the FDIC to assist in the disposition of these assets,” Ochs commented. “Our team is working diligently daily to ensure these properties receive the correct exposure in the marketplace, and the public as well as our database of clients are informed of these FDIC offerings to ensure they bring the highest value possible.”
There is a large variation in types of properties being offered by theFDIC currently. The properties range from residentialsubdivision tracts, to office buildings, warehouses, retail strip centers, and even mountain cabins. Locations vary as well, from as far west as Dresden to as far east as Greeneville with several properties located in and around Nashville and Knoxville.
“Many of the listings including office buildings and retail centers that are already income producing with current lease agreements,” Ochs noted. “Many other FDIC assets are great investments ranging from a gas station with carwash in Lebanon, to rental cabins with mountain views in Gatlinburg.”
Compass Auctions & Real Estate, LLC has specific divisions focused in the auction marketing and traditional sale of residential and commercial real estate, farms and land, along with farm machinery, heavy equipment and other surplus assets across the United States. For more information, call (423) 702-6180 or visit www.SoldonCompass.com
Justin Ochs, M.S., CAI
Compass Auctions & Real Estate
“Choosing the right company to handle your auction often makes the difference. With a passion for excellence and extraordinary performance, Compass Auctions & Real Estate works to secure the highest dollar for your assets”