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When we first reported this story, iReit had sold five, 3 letter .com domains for a total of $3,300 dollars on accident. However we have now learned of two more 3 letter .coms that sold for $500 each to the same buyer:

GVU.com and SVJ.com both sold to Michael Bilde of Bangkock. He is also the lucky owner of the other five 3 letter .coms as well. That means he purchased 7 of these types of domain names for $4,300 with a wholesale value in the 65-70k range. He paid about half of what he should have, for just one of those domains.

This mistake just seems to have cost iReit a small fortune and the damages just keep totaling up. Perhaps even more damaging is the blow to the credibility of iReit as being a leader in this industry, It was only last year that DNJournal was announcing them as rising stars.