The Carlton Group will sell nearly 66 non-performing and REO commercial assets worth $307m.

The assets are being offered on a sealed-bid basis. Bids are due Feb. 25, 2010. Potential bidders can go after individual assets or the entire portfolio…

The assets being offered are multifamily and retail properties. The multifamily assets range from 50 to 500 unit apartment complexes. Included in the sale is a regional mall of nearly 500,000 square feet with a loan balance of roughly $53 per square foot.

“The $307 Million loan and REO sale is drawing numerous investors who are attracted to these types of assets, many of which are high-quality, already built, cash-flowing, occupied multifamily and retail properties,” said Thomas McCarthy, managing director of the Carlton Group.

Write to Jon Prior.