REITbid, an Online Auction Platform

REITbid is now offering “a new online auction platform that matches buyers and sellers of shares in existing non-traded public real estate investment trusts (REITs).” The program is designed to create a easy way to make illiquid assets liquid. According to REITbid, these are the advatanges to their program:

In addition to offering a liquidity option and streamlining the entire process of buying, selling and transferring shares, REITbid provides several other unique advantages including:

• User-friendly platform that is easy enough for virtually any qualified investor to use
• Transparency – provides instant access to non-traded REIT metrics and links to SEC filings and sponsor data; users can also view all pending bid activity on each auction
• Convenience – ability to bid on and find documentation about available non-traded REITs 24 hours per day
• Security – strict multi-layer protection of all documents and personal data