Jones Lang LaSalle, the #1 corporate real estate services provider and Real Estate Disposition, LLC (REDC), the No. 1 real estate auction site, have teamed up to offer the industry's first sophisticated institutional auction platform. The service provides investors with the most efficient way sell assets and notes directly to the widest set of pre-qualified buyers.

Our auction platform combines REDC's proven auction experience executing $6 billion in auction sales of real estate assets and Jones Lang LaSalle's track record executing $117 billion of recent capital markets transactions worldwide.

About REDC
REDC was established in 1990 and is the world’s leading Real Estate Auction firm. The company has established a dominant position in its industry by selling more than $6 billion in Real Estate assets at auction since May 2007. The company specializes in selling residential, commercial, multi-family and hospitality properties, as well as performing and non-performing notes and loan pools.
REDC’s success derives from its ability to combine highly effective auction marketing campaigns and state-of-the-art technology with unparalleled client reporting. REDC has achieved this by creating a team of real estate professionals and industry partners whose experience brings hundreds of years of real estate, marketing and auctioneering expertise together. With the skill, knowledge and proficiency of this team, REDC offers the most comprehensive and innovative auction marketing programs available anywhere, and this is the reason REDC is the nation’s largest and best.
Headquartered in Irvine, California, REDC is a fully licensed and bonded real estate auctioneer and sanctioned real estate broker with additional offices in Texas, New York and the United Kingdom. In 2008, the company formed a partnership with Stone Point Capital, LLC ($10 billion in assets) whose relationships and experience will allow REDC to expand its business operations worldwide.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.
Through its Value Recovery Services, Jones Lang LaSalle is focusing its extensive expertise in all facets of commercial real estate to provide specialized services to clients that are affected by the current financial crisis. These services include helping financial institutions address the operational, occupancy and cost reduction needs resulting from the rapid pace of mergers and acquisitions in that industry. They also include advising those financial institutions with troubled loans and foreclosed real estate (REO) on their balance sheets, including note sales and disposition of REO. Additionally, the firm is providing loan work-out and receivership services, asset and property management, leasing and disposition services for clients with assets experiencing financial difficulties or foreclosure. The firm also is helping clients raise capital by monetizing owned facilities through sale-leaseback transactions and providing creative asset management and financial solutions to hotel owners and investors struggling in current markets, and assisting owners and lenders in developing asset value creation and recapitalization strategies for underperforming investment properties.

“The auction process turns fence-sitters into buyers.”
- Jeffrey Frieden, CEO, REDC

“There’s no better way in this market to achieve certainty of a sale.”
- Bart Steinfeld, Managing Director, Jones Lang LaSalle

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