SOURCE: Genesis Auctions

Genesis Auctions

February 23, 2015 08:00 ET

Hudson & Marshall Joins Forces With Genesis Auctions to Create Real Estate Auction Powerhouse

Companies Will Be Owned by Global Property Exchange LLC and Plan to Grow by Offering Full Suite of Online, Ballroom, and Onsite Auction Solutions

LOS ANGELES, CA--(Marketwired - Feb 23, 2015) - Hudson & Marshall, the nation's longest standing real estate auction company, announced today that it is joining forces with Genesis Auctions, the Internet-based distressed residential real estate disposition platform, to create a technology driven auction powerhouse to meet the significant and evolving needs of clients with a full suite offering of high performance auction solutions. Dave Webb, Principal and Owner of Hudson & Marshall, will co-own and co-lead the new combined entity with Trixy Weiss, Founder & Chief Executive Officer of Genesis Auctions.

For over 50 years, Hudson & Marshall has provided real estate auction services along with high impact marketing services. The company has sold over 150,000 properties nationwide, with over $5 billion of real estate sold just in the last five years.

The Genesis Auctions platform enjoys wide access to both real-estate owned and non-performing assets from banks, servicers and private sellers. Genesis Auctions has completed asset dispositions across all 50 states and currently has thousands of fully vetted national and local/regional buyers and borrowers registered on the platform.

This transaction pairs Hudson & Marshall's stellar reputation of integrity and performance with the nation's leading Servicers, Lenders, Credit Unions, GSE's, Asset Management Firms, and Investors with Genesis Auctions' reputed investor marketing, innovativeness, and synergistic relationship with lending affiliate Genesis Capital, a private bridge lender to investors active in distressed single-family real estate. The firms will be owned by Global Property Exchange LLC and maintain the Dallas and Los Angeles operations of both companies.

"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. 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," said Dave Webb, Principal and Owner of Hudson & Marshall.

"The real estate sales marketplace is changing rapidly," said Trixy Weiss, Founder and Chief Executive Officer of Genesis Auctions. "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."

Both Dave Webb and Trixy Weiss will lead the new organization at the helm, with the duo acting as a partnership to help grow the business.

About The Companies:

Hudson & Marshall
Hudson & Marshall, LLC provides a full suite of real estate auction and marketing services to the nation's leading Servicers, Lenders, Credit Unions, GSE's, Asset Management Firms, and Investors. Privately held, Hudson & Marshall is headquartered in Dallas, Texas. Visit Hudson & Marshall at www.hudsonandmarshall.com.

Genesis
Genesis Auctions provides an online platform for the sale of real-estate owned and non-performing residential real estate assets. Genesis Capital is a specialty, private lender providing commercial bridge debt to professional investors active in distressed residential real estate. Privately held, Genesis Auctions and Genesis Capital are headquartered in Los Angeles. Visit the companies online at www.genesisauctions.com or www.genesiscapital.com.

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