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Cocaine Trafficker Properties for Sale in a $366 Million Auction

  • Assets seized by government to be sold in DebtX auction
  • The 5,000 locations are mainly homes or development sites
Bogota property up for auction.
Bogota property up for auction.Source: Blue Marlin Partners

A $366 million portfolio of 5,000 properties seized by the government of Colombia in criminal cases will be put up for auction, according to the Debt Exchange, the Boston-based firm managing the sale.

The real estate represents the largest block of assets auctioned by Colombia, said Kingsley Greenland, chief executive officer of the auction firm, known as DebtX. The country is working to attract international investors and dispel its reputation as a haven for cocaine cartels and rebel militias, whose former properties are among the assets now in government hands,