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TCN Worldwide and Ten-X Announce Strategic Partnership
Commercial real estate brokerage alliance teams with leading online real estate marketplace to increase efficiency of real estate transactions

DALLAS, TX (JUNE 14, 2016) — H. Ross Ford III, President and CEO of TCN Worldwide, is proud to announce Ten-X as a strategic partner and a sponsor of the 2016 TCN Worldwide Spring Principals’ Conference in Montreal, as well as the TCN Worldwide Fall Conference, which will take place in New Orleans in September.

Ten-X (formerly Auction.com) is the nation’s leading online real estate marketplace, having transacted more than $39 billion of commercial and residential properties across the United States. Leveraging desktop and mobile technology, Ten-X enables real estate brokers to safely and easily complete real estate transactions online. The platform has revolutionized the real estate deal-making process, drastically reducing the likelihood of re-trades by ensuring that due diligence is conducted before bids are made.

“Through our partnership with Ten-X, we are excited to educate our members about how technology will enable them to more effectively win business and manage transactions seamlessly online,” stated Ford. “The ever-advancing role of technology in commercial real estate is undeniable, and Ten-X is leading this evolution. It is with great pride that we announce Ten-X as a strategic partner and a sponsor to the 2016 TCN Worldwide conferences.”

In addition to reducing the number of re-trades, Ten-X provides brokers with access to an expanded pool of potential investors, enabling listing brokers to arrange deals with buyers with whom they did not have a previous relationship.

“Eight years ago, Ten-X set forth to completely revolutionize real estate. With several newly launched product lines and vastly increased transactional volume for commercial properties, Ten-X has become a trusted resource at the intersection of innovative technology and the $1.8-trillion U.S. real estate industry,” said Yan Khamish, managing director of Ten-X’s Commercial Broker Channel. “With this partnership, our goal is to help the thousands of TCN Worldwide members to better leverage technology to build their book of business and transact commercial properties more efficiently.”

In addition to “Live Bid,” Ten-X’s signature auction format, the platform now also includes “Offer Select,” a non-auction offering that brings the traditional transaction process online, as well as “Managed Bid,” a hybrid format, which allows sellers to select a short list of interested buyers to participate in an online auction event. 

About TCN Worldwide

TCN Worldwide, a consortium of leading independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. With commercial real estate professionals serving more than 200 primary and secondary markets worldwide, approximately $38.8 billion in annual transactions, and over 80 million square feet of space under management, TCN Worldwide ranks as one of the largest service providers in the industry. An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry. Through its transatlantic alliance with GVA Worldwide the organizations encompass more than 5500 commercial real estate professionals in 170 offices across 28 countries and over $58.6 billion in annual transaction volume.

For more information on TCN Worldwide, contact H. Ross Ford at 972-769-8701 or visit www.TCNWorldwide.com

About Ten-X

Ten-X is the nation’s leading online real estate transaction marketplace and the parent to Ten-X Homes, Ten-X Commercial and Auction.com. To date, the company has sold 200,000+ residential and commercial properties totaling nearly $39 billion. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions online. Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. Investors in the company include Google Capital and Stone Point Capital. For more information, visit Ten-X.com.

 

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