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REDC Sells 50 Percent Interest to Stone Point Fund
Nov 13, 2008Irvine, Calif.-based property auction giant Real Estate Disposition Corporation, or REDC, said Thursday morning that that it had completed the sale of a 50 percent interest in the company to Trident IV, L.P., a private equity fund managed by Stone Point Capital LLC. Which means if you were wondering if REO auctions had entered the big time, you need wonder no more.
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