Accelerated Marketing Partners Auctions 41 Condominium Residences for BayRock Residential’s Eight Orchids Grand Opening Oakland, CA – Accelerated Marketing Partners (AMP) sold 41 one-, two- and three-bedroom homes in two hours at the grand opening real estate auction on Sun., March 30, for Eight Orchids, BayRock Residential’s new development at the gateway of Oakland’s dynamic Chinatown neighborhood. Accelerated Marketing Partners has closed on nearly 90 percent of homes sold at auction within 30 days and subsequently began a conventional marketing campaign, in collaboration with the Reiser Group, generating the additional sale of 19 homes in just five weeks. “Accelerated Marketing Partners created a fantastic marketing program for the building and generated terrific traffic, resulting in sales that otherwise would have taken months to achieve,” said Stuart Gruendl, chief executive officer of BayRock Residential, the developer of Eight Orchids. “We are very happy with the results and see this auction as a great success for the launch of sales.” Eight Orchid’s accelerated marketing program attracted over 1,800 site tours in less than four weeks prior to the auction. The 41 residences throughout the 157-unit development were auctioned at 2:00 p.m. at the Marriott Oakland City Center, located at 1001 Broadway, Oakland, Calif. All prospective bidders were required to register at the Eight Orchids auction information center, which opened March 6, and to inspect homes and present deposits before bidding at the auction. “The Eight Orchids auction was a major success for BayRock Residential,” said Ken Stevens, co-founder and west coast CEO for Accelerated Marketing Partners. “The overwhelming turnout at the auction showed that there are qualified buyers in the market; they are just waiting for deals to buy.” Homes feature Feng Shui-inspired layouts that maximize quality and comfort, and gourmet kitchens include granite countertops and stainless steel appliances, master suites complete with soaking tubs and walk-in closets, and in-residence washers and dryers. Residents enjoy exclusive access to high-end amenities, including the residents’ lounge, The Banyan Tree Lounge; peaceful courtyards; lush rooftop garden; secure underground parking facility; and 6,000 sq. ft. of ground level shops. Located in the heart of the vibrant and culturally diverse Chinatown neighborhood, Eight Orchids is steps from the restaurants, attractions and shopping of downtown Oakland. Eight Orchids also boasts unparalleled views of the San Francisco skyline and bay, downtown Oakland and the East Bay Hills. For more information, please call 510-451-4000 or visit www.eightorchidsauction.com.