SOURCE: Williams & Williams
TULSA, OK--(Marketwired - Jun 25, 2013) - Williams & Williams, the premier brand in real estate auctions, today announced the launch of its worldwide capital and real estate advisory services. The auction firm has hired Frank Diliberto as executive managing director to lead its global advisory and to handle commercial real estate sales. Most recently, Diliberto was Chairman of AuctionPoint Advisory, a LoopNet sponsored global auction operation, and was managing director at KPMG Corporate Finance, a global investment-banking firm, where he headed auctions and expansion of real estate advisory. With the addition of advisory services, Williams & Williams creates the highest level of advice and transaction execution for real estate related solutions, a singular differentiator in the global marketplace.
"Corporations, trusts and boards with a fiduciary responsibility to shareholders, investors and beneficiaries want an in-depth analysis of their real estate holdings and a full understanding of their marketplace options to ensure the best decision for all concerned," said Pam McKissick, co-owner and CEO of Williams, Williams & McKissick, Williams & Williams' parent company. "We are making a significant investment in real estate advisory to provide these sophisticated clients with a full range of time definite collateral risk management options."
Frank Diliberto is a leader in the real estate services business and is one of the most published practitioners in the country. Through Diliberto Real Estate Services, Diliberto has conducted in excess of $5 billion in transactional and sales volume. His clients include Intel, GE Capital, Centex homes, Harris Bank/Bank of Montreal, BP, Plitt Theaters, Insituform Technologies, KDC, MGM, Inc., past chairman of TWA, Bowne Germany and numerous private owners and government agencies across North America, Europe and the Caribbean. Diliberto maintains a General Securities Representative (Series 7), and Securities Agent (Series 63), which expands financing and capital raising solutions for his clients, outside of typical banking resources.
According to Diliberto, "The Williams & Williams' auction operation combines the time-proven service of a company with a 100 year history, with high-level technology, an unusual combination in today's real estate market. The integration of my corporate practice, combined with their abilities in sophisticated segmentation marketing and live global auction, creates a competitive edge, which does not currently exist," he added.
A key aspect of Williams & Williams' unique value proposition to clients is its live on-site, global auction strategy. Williams & Williams is the only major auction company to conduct its live auctions simultaneously at the property and online led by a highly trained, professional auctioneer. According to the company, its "Live From Location" on-site and online auctions result in bids 11 percent to 15 percent higher than those realized through "Online Only" auctions.
Sister company Auction Network® plays a key role in Williams & Williams' "Live From Location" auctions. Auction Network connects the live experience to the bidders and the seller. Bidders on Auction Network sense they are participating live and in-person as the auctioneer speaks directly to them as well as to the on-site bidders. They bid in real time with bidders on-site through Auction Network's industry-leading, online bidding platform. Sellers get to watch all the auction action from the convenience of their office. Auction Network also significantly expands the reach and visibility of Williams & Williams' live on-site real estate auctions. To date, the network has broadcast and served as the live, online bidding platform for thousands of real estate auctions for properties valued at more than $1.5 billion.
"This is an exciting step forward for Williams & Williams and answers a growing need in the market, especially for commercial real estate holders," stated Fontana Fitzwilson, Williams & Williams EVP, Sales. "Frank's leadership in providing the highest level of advisory services, combined with our leadership in live, global real estate auction,in partnership with Auction Network, creates the first true real estate auction marketplace." She adds, "We're creating the NYSE for real estate with the benefit of live on-site and online bidding."
Williams & Williams is currently accepting properties for its late August and October 2013 Commercial Real Estate Auction Events. For more information or to submit a property, please visit www.williamsauction.com/event.
About Williams & Williams:
Williams & Williams® is a worldwide real estate auction leader. The only auction company to combine the proven effectiveness of live, at-the-property auctions with the global reach and convenience of real time, interactive bidding, Williams & Williams auction teams sell throughout the United States and abroad and have a proven performance record for all types of real estate sales.