About Us

Hagen Realty Group

A nationwide leader in asset disposition for financial institutions, capital funds, CMBS Lenders, special servicers, receivers, attorneys, trustees and certified development companies (CDCs).

We get superior results for our clients by using both auctions and accelerated listings to sell a wide range of commercial properties nationwide, including hotels, convenience stores, condominiums, offices, restaurants, industrial properties.  Because we use multiple tools, we are able to assess each property on a case-by-case basis and recommend the method best suited based on scores of factors, including:

• Current market conditions. How much supply is currently on the market? How quickly is inventory being absorbed?
• Highest and best use for the property. Can we achieve better results by repositioning the property or focusing on a different target market?
• Competitive factors. How many similar properties are on the market in the area? How long have they been listed?
• History of local market's receptivity to auctions for similar properties.

Auctions

A Hagen auction -- whether for a single asset or an entire portfolio -- can be a powerful method for liquidating nonperforming assets.  And because we're constantly adapting our marketing program to use the most efficient media and technologies, a Hagen auction may sell your property more quickly, and at a lower cost, than you think.

A Hagen Auction:

• "Freezes the market" for competing properties as prospective buyers wait for an opportunity to purchase at the auction.
• Eclipses competing properties, attracting more attention in a crowded marketplace.
• Forces prospective buyers to act on your timetable.
• Attracts stronger field of bidders by achieving "critical mass" when properties are combined into a single auction event.
• Eliminates your "carrying costs" such as taxes, maintenance, repairs and insurance.

What type of auction?

Most Hagen auctions are live events, as we have found that they get the best results for most clients and property types. However, we also use online and sealed-bid auctions for properties and sellers where these are likely to be more successful.

Accelerated Listings

Our Accelerated Listing program provides sellers the best possible opportunity to get a property sold by combining elements of a traditional listing with techniques employed in auctions:

• Open pricing. In today's market, a traditional "asking price" often acts as a deterrent to offer. That's why our accelerated listings leave it up to prospective buyers to make offers based on their own assessment of its value.  
• Limited viewings. We limit viewings to one per month, bringing all interested parties together at the same time. When prospective buyers see their competition for the property, it creates a sense of urgency and often leads to quicker and higher offers.
• Defined listing period. In our experience, a property that has not sold within 90 to 120 days is unlikely to benefit from a longer listing period. Meanwhile, the seller is faced with maintenance and potential vandalism. For this reason, we usually recommend an auction after 120 days.

Hagen Evaluation Services (Broker's Opinion of Value)

Because of our experience and constant monitoring of local markets around the country, many clients seek our assessment of the value of their properties. To accommodate these needs, we provide Broker's Opinion of Value (BOV) services on a wide range of commercial assets  based on our product knowledge, market knowledge, and understanding of local market conditions.  For details about these services, contact your local Hagen team member or call 1-800-942-6475 to be connected to the Hagen team member that can best service your needs.

Our History

Hagen Realty Group's history goes back to 1991, when founder Kim H. Hagen conducted his first auction.  That year, Kim formed Hagen Aution Co., Inc. and later affiliated with a national chain.  Throughout these years, he made a careful study of what techniques were most effective for various types of properties, and he developed a vision for an approach that employed a full range of marketing options, in order to best meet the needs of each client and property.  That led to the formation of Hagen Realty Group, which has quickly emerged as one of the nation's leading asset disposition firms, using a powerful combination of accelerated listings and auctions.

Hagen Realty Group can be contacted at 1-800-942-6475.