iReit unloading portfolio
March 31st, 2008Internet REIT (aka iReit) is in the process of unloading aspects of their portfolio. You’ll notice an influx of good quality domain names currently being uploaded to the Afternic and BuyDomains platforms. Some of these names are single words and others are long tailed domains with poor TLDs. The list of domains being put for sale are well over 100,000.
The list began to initially post on Friday, with only a few domainers even realizing it. For those quick, there were some great deals to jump in on. Many great keywords were available at just $500. Even better were several fantastic LLL.nets and LLL.orgs that were posted also for just $500. The 3 letter .net and .orgs have since been pulled and pricing corrections have already begun on those. Currently, they are unavailable, but expect them to be listed soon enough.
With the announcement that Dark Deep Blue (Parent company of Fabulous) is planning to list several hundred thousand domain names through Godaddy’s retail platform, it may suggest that both companies are seeing major drops in revenue and are cleaning house and changing monetization strategies. With both entering heavily into the retail sales game, there very well may be some great deals to have as both companies need to accurately price out several hundred thousand domains between the two of them, and this is no easy challenge.
On Friday, I managed to pickup Overwhelm.com for $500 and am currently waiting for the push from iReit. In my opinion, I got a heck of a deal. I will continue to monitor domains uploaded by iReit to the Afternic platform, and list some of the ones I think are good buys.
Justin
Thanks for that heads up…do you have a list you plan to send out?
Comment by Vivek Baliga — March 31, 2008 @ 6:25 pm
I plan to post the list within the coming days. I only ask that if people decide to purchase them, they use my referral link.
Justin
Comment by admin — March 31, 2008 @ 7:00 pm
Can you email me how you are searcing for domains listed by owner? I can not seem to work it out
Comment by juanR — March 31, 2008 @ 8:52 pm
Juan,
That alas is a problem. There is a way to view their listings, its a bit tricky, but nearly impossible to search through. I was fortunate enough to actually get a complete listing of the inventory. This unfortunately I cannot share at this time.
Justin
Comment by admin — March 31, 2008 @ 9:44 pm
Justin - nice pickup. I think that’s quite a deal. Nothing that will exactly break the bank, but definitely worth jumping on. Would have paid more myself.
Comment by Andrew Reberry — April 1, 2008 @ 8:39 pm
Andrew,
Thanks much. I was quite happy to have grabbed it, and I expect it should fetch a much higher price in resale.
Justin
Comment by admin — April 1, 2008 @ 8:48 pm
Wow, there are some crappy domains in that list…real pain to sift through. Looks like they’ve cleaned up most of the pricing mistakes.
Comment by Andrew — April 6, 2008 @ 8:38 pm
Andrew,
They’ve removed some of the better domains and put some huge pricing jumps in there. I think this lesson is coming hard.
Justin
Comment by admin — April 6, 2008 @ 9:00 pm