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John Dixon & Assoc. sells $3.6M in P.R. real estate

One of the properties is a sprawling 1,176 mansion in Río Grande.

One of the properties sold is a sprawling 1,176 mansion in Río Grande.

Atlanta-based John Dixon & Associates, which recently took on the challenge of selling off a portfolio for a United States-based equity fund, sold $3.6 million in properties in Puerto Rico via auction, the company confirmed Thursday.

The Sept. 10 auction drew 70 bidders, most of who were from Puerto Rico, joined by bidders from 10 states and one bidder from Italy. Properties sold included homes, commercial buildings, retail buildings, condominiums and land.

“It was a great crowd, with lots of enthusiastic bidding, and we’ll be looking forward to our next opportunity to conduct an auction in Puerto Rico or elsewhere in the Caribbean,” said John Dixon, president of the auction company.

The company will be back on the mainland for the Oct. 4 auction of 22 bank-owned properties in Georgia, Florida and Tennessee. All properties in that event will sell absolute, with no minimum bid or reserve.

Other upcoming events include a Nov. 10 bank auction in Philadelphia, including properties from Pennsylvania, New Jersey, Maryland and other Mid-Atlantic states.

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This story was written by our staff based on a press release.

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