Commercial real estate industry veteran to oversee the company’s rapidly expanding base of private investors
IRVINE, Calif. and SILICON VALLEY, Calif., July 12, 2016 /PRNewswire/ — Ten-X, the nation’s leading online real estate transaction marketplace, today announced the hiring of long-time commercial real estate industry executive Eric Paulsen as senior vice president of business development. In his new role, Paulsen will oversee Ten-X Commercial’s Private Client Group, a growing division within Ten-X, which is focused on the community of private investors buying and selling commercial properties on the company’s innovative online transaction platform.
“Eric is a critical addition to a leadership team committed to solidifying Ten-X’s position as the nation’s foremost online transaction platform for commercial properties,” said Gordon Smith, general manager of the Ten-X commercial real estate division. “His wealth of experience not only with our platform, but throughout the commercial real estate industry, makes him the perfect fit to ensure our rapidly expanding private clientele have a reliable and efficient path to buying and selling their commercial assets.”
Paulsen has nearly three decades of experience in commercial real estate, including more than 11 years as an executive at CBRE Group, 12 years as vice president of national acquisitions at LNR Property, and a three-plus year stint at Ten-X (then Auction.com), where he played a critical role in growing the company’s commercial business before departing in 2014. He most recently served as senior vice president at Prism Realty Corporation in Southern California. Paulsen has been directly involved in the buying, selling, or asset managing of over $10B in commercial real estate in all product types across the United States.
“I have always been a big believer in Ten-X’s vision of an online platform that dramatically streamlines the complex deal process of a commercial real estate transaction,” said Paulsen, who officially rejoined the Company on July 5. “I am excited to return to the company at this pivotal time of growth, and to ensure that our vision continues to evolve and deliver tangible results to our ever-expanding roster of clients.”
Ten-X is the nation’s leading online real estate transaction marketplace and the parent to Ten-X Homes, Ten-X Commercial and Auction.com. To date, the company has sold 200,000+ residential and commercial properties totaling nearly $39 billion. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions online. Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. Investors in the company include Google Capital and Stone Point Capital. For more information, visit Ten-X.com.