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Real estate auction company Hudson & Marshall announced today that it would be embarking on a joint venture with Genesis Auctions to create a "technology driven auction powerhouse." The new company plans to grow by providing clients with a full suite of online, ballroom, and onsite auction solutions.
The two companies will be owned by Global Property Exchange, LLC and co-led by Dave Webb, principal and owner of Hudson Marshall, and Trixy Weiss, founder and CEO of Genesis Auctions. Operations in both Dallas and Los Angeles will continue for both companies.
"The real estate sales marketplace is changing rapidly," Weiss said. "With our highly complementary offerings, clients, and expertise, our combined company will offer our clients a full suite of technology-driven high performance auction solutions spanning both traditional and untraditional programs."
Hudson & Marshall is the nation’s longest standing real estate company. The company has sold more than 150,000 properties nationwide, with more than $5 billion of real estate sold just in the last five years. Genesis Auctions has completed asset dispositions across all 50 states and currently has thousands of national and local/regional buyers and borrowers registered on the platform.
Hudson & Marshall seeks to pair the reputation with the nation’s leading servicers, lenders, credit unions, GSEs, asset management firms, and investors with Genesis Auction’s investor marketing and affiliation with Genesis Capital, a private bridge lender to investors active in distressed single-family real estate.
"Hudson & Marshall’s excellent industry reputation is built on success, ingenuity, and hard work. Our specialized services and customer-centric approach have made Hudson & Marshall a recognized leader in our industry with results that exceed the industry average," Webb said. "The addition of Genesis’ investor sales and marketing programs and databases, technology expertise, and relationship with Genesis Capital, will attract more buyers to our platform and provide them access to capital which will increase auction execution exponentially and enable a higher level of service to our collective clients."
