In a release, Carlton calls the asset sale, which it'sconducting on behalf of an undisclosed client, an opportunity "toacquire cash flowing hospitality, multifamily, office and retailassets. There are also well-located and highly desirable landassets being offered which are situated in excellent locations nearmajor tourist destinations."

Among the assets up for auction is Grenelefe Resort, describedas 593 built condominiums with tennis resort and two 18-hole golfcourses on the Shores of Lake Marion in central Florida. There arealso an operating 500-key Ramada hotel located near Walt DisneyWorld in Orlando, a 73-acre resort development entitled for retail,residential and commercial uses in the Orlando suburb of Kissimmeeand a 140-acre resort development site near the entrance to WaltDisney World Resort, among other assets. On the West Coast, theassets include 560,000 square feet of approved development rightsin Anaheim Gardenwalk at the entrance to the Magic Kingdom inAnaheim, CA.

Potential buyers can bid on a first-come, first-served basisthrough the CEX REO MLS Exchange. In February, managing directorJoe Korbar told the platform allows potential buyers tobid within timeframes they find conducive as long as the propertiesare still available.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.