Smith currently heads Auction Finance, the division that facilitates financing for commercial and residential real estate investors. Auction.com CEO and co-founder Jeff Frieden points out that the 25-year veteran of real estate sales, finance and operations was the ideal choice to oversee both business units.
“Gordon has a unique combination of deep real estate sales experience combined with a track record of significantly improving the operations and management teams of multiple portfolio companies,” Frieden said. “He has quickly become a key contributor to the growth and evolution of the broader Auction.com offering.”
As general manager of the Commercial Division, Smith will oversee the company’s work in all commercial real estate sectors, including retail, multifamily, office, hospitality and industrial. Auction Finance, which facilitates access to Auction.com’s preferred lenders and helps bidders access the proof of funds needed to participate on the platform, will become part of the company’s Commercial Division.
“Bringing these two business units together reflects increasing demand from our commercial clients for a frictionless financing solution,” Smith said. “I’m excited to be part of the new and innovative ways Auciton.com is serving the needs of the commercial marketplace.”
Prior to joining Auction.com, Smith was a managing director with Fortress Investment Group, where he was responsible for overseeing several of the company’s real estate and financial services investments. Prior to Fortress, he served as a director for the Global Principal Finance Group at Union Bank of Switzerland (UBS) and as director at BlackRock Financial Management.
Smith is a past board member of CW Financial Services, a diversified real estate asset management and lending business; Intrawest, a premier North American mountain resort and adventure company; Abercrombie & Kent, a leading global luxury travel operator; Annington Homes, a $8.5 billion residential real estate company; and Mapeley, one of the largest commercial landlords in the United Kingdom. He holds an MBA and a bachelor’s in economics from Santa Clara University in California.