Sunday, March 24, 2013
Science
In 2009, Richard Dawkins invited Lawrence Krauss, an internationally-known theoretical physicist and author of The Physics of Star Trek, to talk about some big enchilada questions. What is our current picture of the universe? When did the universe begin? What came before it? How could something come from nothing? And what will happen to the universe in the future?
Krauss takes us back to the foundational work of Einstein and Hubble, then moves us through important breakthroughs in modern theoretical physics, ones that have helped us unravel some of these big questions. Give Professor Krauss 53 minutes, and he’ll give you the universe … and a few jokes along the way.
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After all, how often do you get to see somebody generate
553,000 clicks to their website live on camera...
in 12 minutes...
Or, witness total beginners using the same all-new tactic to
make their first money ever online?
CLICK HERE FOR MORE DETAILS
Monday, December 20, 2010
2 big buyer list
Direct CASH Buyers Seeking NPN's, REO's, Commercial and More!!!
All are CASH Buyers with NO financing contingencies & would like to
CLOSE by 12/31/10 or 1st week in January 2011.
1. Seeking Commercial NPN's (non-performing notes) only (retail, industrial & mix-use) nationwide. Will buy single mortgage note or pools. Can purchase up to $150M (wants NO reo's).
2. Seeking Residential NPN's only nationwide. Can purchase up to a minimum $3-5M up to maximum $200M (wants NO reo's).
3. Seeking Residential Construction NPN loan pools or single mortgage notes. Must be 1st lien. Will buy non-complete condo units & non-complete S/F development mortgage loans only (wants NO reo's).
Can purchase up to $300M. Prefers East Coast: NY, NJ, CT, MA, RI & NH.
4. Seeking BULK REO's residential only. 1st preference: So. Cali, 2nd preference No. Cali, 3rd preference Western States: WA, OR, NV, CO, AZ, TX & OK. Can purchase up to $75M (wants NO NPN's).
5. Seeking Multifamily/Apartment Complexes Nationwide. MUST be good CASH FLOWING. Absolute minimum CAP RATE of 9% no lower. NO REO's, NO Assumable Loans, NO Rehabbers, Love properties he can take over "subject to." Minimum 20 units in California and Minimum 75/100 units up to maximum 300 units nationwide. No maximum CASH purchase price (has unlimited funds for Multifamily units only).
Looking for direct sellers or sellers agent only! Contact comresinvest@aol.com along with the package number and order you can fill. Thank you.
Patrick B. Simmons
President
ComResInvestments
a division of simmons road enterprises, inc.
2500 Al Simmons Road - Dover, Fl 33527
Please Visit Our Site: www.ComResInvestments.com
Marketing and Consulting For
Real Estate, Business and Finance
Phone: +1 (813) 333-2051
Fax +1 (813) 425-4680
comresinvest@aol.com
===========================================================================
We have the following vetted buyers looking for immediate inventory,if you are a direct seller or seller rep,then contact me,we are in need of as you can see additional inventory,but let me make something very clear,we are not interested in doing any Custom ordering,we are only seeking immediate available inventory on spreadsheet.
Please only contact me if you have as a seller or sellers direct rep ready inventory that you send,no LOIs will be given until we have confirmation of offering of thru having inventory that meets the request provided.Once we have precise inventory we then will submit LOIs accordingly and POFs via the buyer.
We are not interested in shopped inventory or inventory that is not fresh or "Off-Market",if that is impossible for you then we will not be interested.If you are not interested in the protocol,then we are fine with that,we are looking to only have offered what has been indicated.
===============================================================
The Blackstone Group, a private investment firm, said yesterday that it had agreed to acquire Equity Office Properties Trust, the nation’s largest office-building owner and manager, for about $36 billion.
The deal marks the largest leveraged buyout in history, eclipsing the $33 billion paid earlier this year for H.C.A.,
Investor Relations
+1 888 756 8443 (United States)
+1 646 313 6590 (International)
BlackstoneInvestorRelations@blackstone.com
United States
New York
The Blackstone Group
Phone: +1 212 583 5000
Fax: +1 212 583 5749
Location & Directions
================================================================
* Buyers have POFs,LOIs ready to buy for the following
product:Currently need $70MM SFR REOs in Texas at .45 and Southern
California a $400MM a SFR REO tape at price of .50-.58
*Buyer that is seeking Mobilehome parks,Self Storage,and Apartment
properties from $1MM to $50MM in major metro areas with current
occupancy rate of 40-70% at a price of from .55-.60 on Commercial REOs
and they will buy also Commercial Notes on income producing property
nationwide
*Have the following buyers also:
1)Hedge Fund that wants to buy SFR REOs in CA,TX,FL,WA,OR,NV,AZ,UT
2)Buyer of Multifamily Apartment REOs 10 to 500 units in CA,NV,AZ,UT,CO,TX
3)Self Storage Nationwide from 100 to 500 units in diamond states
mostly either REOs or NPNs
4)Strip Malls Buyer wanting properties that are great deals nationwide,REO only
5)SFR PNs Buyer wanting performing notes from 2007 and earlier in
WA,OR,CA,AZ,TX,FL
6)SFR REO nationwide priced in the .50-.60s in
CA,AZ,NV,OR,WA,UT,FL,NEW YORK,NJ,IDAHO,ILLNOIS
E-mail me at: donmoneybiz@gmail.com
Knightvest Capital, a growing real estate investment firm targeting distressed multi-family properties in Texas, today announced the acquisition of a 370-unit multi-family property in north Dallas.
The property, known as Copper Creek Apartments, is located in close proximity to the corner of Interstates 75 and 635. The investment firm acquired the property out of foreclosure and are planning significant renovations.
"We were able to acquire Copper Creek "off market" at a reasonable discount due to the depressed financial markets and lack of refinance options by the previous owner," stated David Moore, President of Knightvest Capital. "The discounted purchase price will enable us to invest the necessary capital to improve the property while offering a market leading product at competitive rental rates."
This is the fifth multifamily acquisition by Knightvest Capital in 14 months, bringing their total unit count to over 1,300. NorthMarq Capital arranged the life company financing and Joshua Partners was the lead investor.
About Knightvest Capital
Knightvest Capital specializes in repositioning distressed multifamily investments in Dallas, Texas. Through professional property and asset management, and a high level of integrity, Knightvest Capital increases the value of properties while improving quality of life for its residents. Knightvest Capital derives stakeholder value through hands on property management and partnerships with local community organizations. Knightvest Capital combines an entrepreneurial approach, professional property management and institutional quality reporting. http://www.knightvest.com
For more information, please contact:
David Moore - dmoore@knightvest.com
KC Kronbach - kck@knightvest.com
===============================================================
Big Buyer Billionare
Investment Opportunities
Jay Harron
Senior Vice President
001.312.466.3632
jharron@equityinternational.com
2010 Equity International, Two North Riverside Plaza, Suite 1500, Chicago, Illinois, 60606, USA 001.312.466.4001
================================================================
BIG BUYER
Colliers International
864 Wethersfield Avenue
Hartford, CT 06114
+1 860 249 6521 Phone
+1 860 247 4067 Fax
Principal
Keith J. Kumnick, SIOR
Tel: +1 860 616 4019
keith.kumnick@colliers.com
================================================================
Regency Centers (NYSE: REG), a Jacksonville, FL-based shopping center owner and developer, acquired Willow Festival, a 405,227-square-foot neighborhood retail complex in suburban Chicago in an off-market deal. The property’s developer, Hamilton Partners, sold the three-year-old asset for $64 million or $158 per square foot in the second largest retail real estate transaction in metropolitan Chicago this year.
The first largest deal was NewTower Trust Co.’s purchase of Springbrook Prairie Pavilion in Naperville for $69 million or $302 per square foot. A joint venture between Bond Cos., MDC Properties and Midwest Commercial Realty sold the 228,471-square-foot portfolio in July.
=============================================================
More than half of foreign investors now say the U.S. provides the best opportunity globally for growing the value of commercial real estate investments, according to the annual survey conducted among the members of the Association of Foreign Investors in Real Estate (AFIRE).
=============================================================
These Buyer got to be search and address and post to buyer list of dec 2010
Dallas-Based Landes Group Acquires 36 CVS Pharmacy StoresThe Landes
Investment Group Inc., a personally held real estate investment and development company, announced today that entities affiliated through it have acquired 36 CVS pharmacy properties valued at approximately $110 the multitude. The properties, which were acquired from CVS in September 2010 in market-and-leaseback transactions, are located in 19 states; two of them
Harbor Group International Purchases Times Square Office TowerHarbor Group International, LLC (“HGI”) announces an affiliate of the Company has acquired 1412 Broadway, a 24-story, 415,135-square-foot office tower in the heart of Midtown Manhattan, near Times Square, for $150 million. Over the next few years, HGI plans to invest an additional $10 million in capital and tenant improvements for the property. The circa 1926
Dan Worley Named Chief Strategy Officer with Better Homes and Gardens…Better Homes and Gardens Mason-McDuffie Real Estate is pleased to announce that Dan Worley has been named Chief Strategy Officer of Better Homes and Gardens Mason-McDuffie Real Estate, the 19th largest real estate services firm in the country. He has more than 19 years of experience in real estate finance, investment, mergers and acquisitions, and
Harbor Group International Sells Washington, D.C. Office Building for…Harbor Group International, LLC (“HGI”) has sold its Washington, DC trophy property, Longfellow Plaza at 1211 Connecticut Avenue NW for $49.5 million. Situated in the prestigious Golden Triangle section of the city, the eight-story, 125,119-square-foot commercial building was purchased by publicly traded real estate investment trust First Potomac Realty Trust. “We are pleased with the performance
Michele Flores iNamed Regional Vice President For U. S. Residential…U. S.
For information on U.S. Residential Group and the services we provide, please E-Mail info@USRGroup.com or complete the entire form below
Residential Group, Inc., a national, full-service multifamily management company, announces Michele Flores has accepted the site as Regional Vice President responsible for the firm’s operations in the Texas region. Mrs. Flores has been active in all aspects of multifamily control since 1990. Prior to joining U. S. Residential, she was employed ~
Forest City Completes Sale of Millender Center Mixed-Use Assets In Detroit- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that a subsidiary, together with its partners, has closed the sale of portions of Millender Center, a mixed-use property in downtown Detroit, to Riverfront Holdings, Inc. (RHI). The $37.8 million transaction is expected to generate net proceeds to Forest City of approximately $14.4
Grosvenor Americas Acquires Seattle Area Apartments, TownhomesGrosvenor Americas, in a joint venture partnership with Mosaic Homes of Seattle, has acquired the 164-unit Woodcreek Apartment Homes community located in the Seattle, WA suburb of Lynwood. The Grosvenor Americas–Mosaic joint venture acquired Woodcreek Apartment Homes from Pacific Property Company. Dave Schumacher and David Mortensen of Columbia Partners LLC represented the seller; Graham Maloney of
Macbeth Apartment Services Executive Receives CPM of the Year AwardDirk Needham, chief operating officer for Macbeth Apartment Services(MÁS) in Carlsbad, Calif., has been awarded the “Certified Property Manager® of the Year” award by the San Diego chapter of the Institute of Real Estate Management. The CPM of the Year award is presented by IREM to recognize members who have provided outstanding service
Kayne Anderson Acquires Student Housing Portfolio from Education Realty Trust- Kayne Anderson Real Estate Partners I, L.P. (“KAREP”), a solitary equity real estate fund managed under Kayne Anderson Capital Advisors to array in specialized real estate sectors, today announced its acquisition of a nine-property against-campus student housing portfolio from Education Realty Trust Inc. (NYSE: EDR) located inside of seven public university markets in Alabama,
The Hampshire Companies Pick-Up Airport Plaza Shopping Center in…The Hampshire Companies, a full service, private real estate investment firm with equity in assets valued at into the bargain $2 billion, has announced the acquisition of an 84,000-level-foot retail building located at 1135 Airport Road in Allentown, Pa. from one affiliate of the Rosen Group, Inc. Conveniently located in a richly-traffic area with nearly 24,000
The Hampshire Companies Add Cherry Hill, N.J. as the Latest Hampshire…Situated on 2.6 acres, the upgraded facility features both climate controlled and non-climate controlled self storage units. Hampshire Self Storage’s Cherry Hill location also offers affordable pricing, free trucks with move-in and an advanced security system. Conveniently located at the Rock Hill Road Jug handle, the building provides easy access to both directions on Route
Lee Thiessen of Altus Group Joins UrbanStar Capital as Advisory Board…Dean Gorenc, CEO of UrbanStar Capital announced that Lee Thiessen has joined as a new member of the Advisory Board. Mr. Thiessen is a leader on a global level in commercial real estate and will assist in the value creation phase of UrbanStar Glendale Manor Inc., UrbanStar Capital’s current land investment offering. Located in Bearspaw,
New Luxury Ventura Apartment Community Unveiled By The Towbes Group,…The Towbes Group, Inc. of Santa Barbara, has unveiled its newest luxury apartment community, Ralston Courtyards, in the City of Ventura. This 108 unit community, built with the needs of today’s professional in mind, comes complete with a roster of amenities rivaling those of multifamily developments in large urban settings. Recognizing the importance
Cityplace South Tower Sold in Florida Bulk Condo Sale for $63.94MGulfstream Capital Partners, a Texas based investment group, purchased the remaining 309 bank owned condos at Cityplace South Tower in West Palm Beach, Florida from Scotia Capital for $63.94M on November 9, 2010 according to Kevin Dickenson with http://www.stealthatcondo.com. The 419 unit 20 story tower opened in 2008 and the original developer, Miami-based
Mark Addy Named COO of Phillips Edison-ARC Shopping Center REIT Inc.- Phillips Edison – ARC Shopping Center REIT, Inc. (“the Company”) announced that on November 1, 2010, R. Mark Addy was named Chief Operating Officer by the Company’s Board of Directors. Mr. Addy will also serve as President of Phillips Edison NTR LLC. (Photo: http://photos.prnewswire.com/prnh/20101124/PH07649 ) As COO, Mr. Addy will be responsible for integrating the asset
Stoneleigh Companies, LLC Announces the Acquisition of Waterford Hills…Stoneleigh Companies, LLC announces the acquisition of the 270 unit Waterford Hills Apartments in Charlotte, North Carolina. The purchase was financed through a new long term loan issued by Wells Fargo on behalf of Freddie Mac’s CME program. The property is the third multi-family property acquisition by Stoneleigh in the past year and adds a
Apartment Investment and Management Company Employees Nationwide Join Forces to Impact Local Communities Through Volunteer Service- Hundreds of Apartment Investment and Management Company (Aimco) employees are volunteering time to address critical needs in their communities as part of the national Aimco Cares Community Service Day on Wednesday, November 10. Aimco’s more than 65 Service Day projects include making crafts with patients at the Childrens’ Medical Center in Dallas; sorting
Molpus Woodlands Group Announces the Acquisition of 14,280 Acres in…The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization (TIMO) headquartered in Jackson, Mississippi, announced today on behalf of a client the successful purchase of approximately 14,280 acres in East Texas for a purchase price of $18,421,200.00. This property was purchased from Cambium Corrigan Limited Partnership, an entity of Cambium Global
Picard Joins Lyxor Asset Management, Further Strengthening Its U.S. Business- Lyxor Asset Management Inc. (“Lyxor U.S.”) has hired Robert Picard as U.S. Head of Managed Account Development. Mr. Picard is based in New York and reports to Lionel Erdely, CEO of Lyxor U.S. Prior to joining Lyxor, Mr. Picard was Senior Advisor to Navigant Consulting’s Financial Institutions Restructuring Solutions Team and active in advising emerging
Northland Investment Corporation Gains 3.1% Revenue Lift in Pilot Test…Northland Investment Corporation, a privately-held, fully integrated real estate company focused on the acquisition, development, operation and long-term ownership of multifamily and commercial real estate throughout the United States, realized a 3.1 percent revenue lift during its successful pilot test of the Rainmaker LRO revenue management pricing optimization system. In its pilot test, Northland matched
Blue Prairie Group, L.L.C. Names Peter Marchese, CFA, Director,…Blue Prairie Group (“BPG”), a Chicago-based investment consulting firm serving the institutional retirement, institutional investment, and wealth management market places, is pleased to announce the addition of Peter Marchese, CFA, as Director, Investment Analytics. He will be responsible for the process of manager due diligence, client reporting and management of the
Albuquerque Real Estate Investment Expert Rick Steadman Launches a New…Leading Albuquerque Realtor Rick Steadman announces the launch of his new website, http://www.AlbuquerqueHomeSite.com. Built to serve as a resource for homebuyers and investors in the Albuquerque Metro area – which includes Corrales, Rio Rancho, Los Lunas and Sandia Park – the site offers a variety of tools and resources designed to help streamline the
EcoSys Selected for San Francisco MTA Capital Planning System SoftwareEcoSys, the best-of-breed enterprise planning and cost controls software, announced today that it was selected by Hill International as core software for the San Francisco Municipal Transportation Agency’s (SFMTA) new capital program controls system. The SFMTA selected Hill International to oversee project control systems on the program. The system will track capital project budgeting, financing,
Mid-America Apartment Communities Announces Quarterly Common Dividend Increase- Mid-America Apartment Communities, Inc. (NYSE: MAA) today announced that its board of directors voted to increase the quarterly common dividend by 2% to a quarterly payment of $0.6275 per share, or $2.51 per share on an annual basis. Al Campbell, CFO, stated, “We are encouraged with the improvement in leasing trends and expect
RidgeWorth Wins 2010 STAR Award for Overall Advisor Communication- On October 21, 2010, the Mutual Fund Education Alliance (MFEA) held its 14th annual STAR Awards Banquet in Chicago. The purpose of the awards is “to recognize the extraordinary efforts of mutual fund companies in communicating with their various constituencies and in helping investors understand and benefit from mutual funds(1).” This year, RidgeWorth received
[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[National Headquarters
2901 Butterfield Road Inlandgroup Real estate Buyers
Oak Brook, IL 60523
(630) 218-8000 Contact G.Joseph Cosenza in Acquistition
Career Opportunities
Human Resources
(630) 218-8000
Investor Relations
(800) 826-8228
custserv@inland-investments.com
Legal Issues
Janice J. Fox
(630) 218-8000 Ext. 5664
jfox@inlandgroup.com
Marketing/Communications
Bella Zielinski
(630) 218-8000 Ext. 4881
zielinski@inlandgroup.com
Media Relations
Matt Tramel
(630) 218-8000 Ext. 4896
tramel@inlandgroup.com
Property Management
Assistance
Terrie Brubaker
(630) 218-8000
propertymanagement
@inlandgroup.com
Inland Real Estate Acquisitions, Inc. is the purchasing arm for various companies that are part of The Inland Real Estate Group of Companies, Inc.
We typically pay all cash for properties, so we can close quickly with no mortgage contingencies.
Since January 2005 we have purchased 1159 transactions valued at more than $17 Billion, earning us a reputation for closing on the vast majority of properties we put under contract.
[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[
Hello Robert,
I was referred to you by Norman Sutton. He said you are looking for real estate in Houston , TX . Here’s a $30M opportunity of 253 homes…there are 117 more homes from the same seller that could be added to this purchase.
Here’s the scoop;
This off-market cash-flowing portfolio is 100% occupancy Class-A 12-cap leased portfolio of 253 newer houses owned by the developer who built the houses. The overwhelming majority of the houses where built in 2008 and 2009. The average rents are $1,290 per house. The original asking price was $31.85M, but now the FIRM selling price is $30M. The seller has already turned down offers at $26M and $28M and do not HAVE to sell…they just want to raise some capital for another venture.
I think a great up-side value-play on this opportunity would be to turn these rentals into notes with the existing tenants at basically the same $1,290 average monthly payment the tenants are currently paying. This investment strategy would eliminate $1.69M in landlord expenses every 12 months and could thereby take this investment from the current 12-cap to an 18-cap very quickly. I know if I were a renter and I loved my (almost new) home…and if my landlord came to me and asked if I wanted to own the home for approx. the same payment (plus taxes and insurance) I’m already making each month, I would jump on it. The investor could have the tenant pay ALL costs involved in conveying each home using land contracts. The only out-of-pocket expense that the tenant would have to pay (to own their home) would be the closing costs. This investment would subsequently be gushing cash at $5,434,195 per year for approximately 14 years! (I used a sold comp selling price of $127,650 to calculate a 14-year note at 8% interest = $1,266 monthly to the very happy new homeowner.)
Please let me know if you may have an interested buyer as soon as you can…I’ve been told that the seller is getting ready to list this opportunity on the open market, so time is of the essence.
FYI, I’m not representing anyone in this opportunity, but am acting as an intermediary. The fee on this transaction will be 3% of the gross selling price…one of these points is for you if you are the buyer rep.
All the best to you Robert
All are CASH Buyers with NO financing contingencies & would like to
CLOSE by 12/31/10 or 1st week in January 2011.
1. Seeking Commercial NPN's (non-performing notes) only (retail, industrial & mix-use) nationwide. Will buy single mortgage note or pools. Can purchase up to $150M (wants NO reo's).
2. Seeking Residential NPN's only nationwide. Can purchase up to a minimum $3-5M up to maximum $200M (wants NO reo's).
3. Seeking Residential Construction NPN loan pools or single mortgage notes. Must be 1st lien. Will buy non-complete condo units & non-complete S/F development mortgage loans only (wants NO reo's).
Can purchase up to $300M. Prefers East Coast: NY, NJ, CT, MA, RI & NH.
4. Seeking BULK REO's residential only. 1st preference: So. Cali, 2nd preference No. Cali, 3rd preference Western States: WA, OR, NV, CO, AZ, TX & OK. Can purchase up to $75M (wants NO NPN's).
5. Seeking Multifamily/Apartment Complexes Nationwide. MUST be good CASH FLOWING. Absolute minimum CAP RATE of 9% no lower. NO REO's, NO Assumable Loans, NO Rehabbers, Love properties he can take over "subject to." Minimum 20 units in California and Minimum 75/100 units up to maximum 300 units nationwide. No maximum CASH purchase price (has unlimited funds for Multifamily units only).
Looking for direct sellers or sellers agent only! Contact comresinvest@aol.com along with the package number and order you can fill. Thank you.
Patrick B. Simmons
President
ComResInvestments
a division of simmons road enterprises, inc.
2500 Al Simmons Road - Dover, Fl 33527
Please Visit Our Site: www.ComResInvestments.com
Marketing and Consulting For
Real Estate, Business and Finance
Phone: +1 (813) 333-2051
Fax +1 (813) 425-4680
comresinvest@aol.com
===========================================================================
We have the following vetted buyers looking for immediate inventory,if you are a direct seller or seller rep,then contact me,we are in need of as you can see additional inventory,but let me make something very clear,we are not interested in doing any Custom ordering,we are only seeking immediate available inventory on spreadsheet.
Please only contact me if you have as a seller or sellers direct rep ready inventory that you send,no LOIs will be given until we have confirmation of offering of thru having inventory that meets the request provided.Once we have precise inventory we then will submit LOIs accordingly and POFs via the buyer.
We are not interested in shopped inventory or inventory that is not fresh or "Off-Market",if that is impossible for you then we will not be interested.If you are not interested in the protocol,then we are fine with that,we are looking to only have offered what has been indicated.
===============================================================
The Blackstone Group, a private investment firm, said yesterday that it had agreed to acquire Equity Office Properties Trust, the nation’s largest office-building owner and manager, for about $36 billion.
The deal marks the largest leveraged buyout in history, eclipsing the $33 billion paid earlier this year for H.C.A.,
Investor Relations
+1 888 756 8443 (United States)
+1 646 313 6590 (International)
BlackstoneInvestorRelations@blackstone.com
United States
New York
The Blackstone Group
Phone: +1 212 583 5000
Fax: +1 212 583 5749
Location & Directions
================================================================
* Buyers have POFs,LOIs ready to buy for the following
product:Currently need $70MM SFR REOs in Texas at .45 and Southern
California a $400MM a SFR REO tape at price of .50-.58
*Buyer that is seeking Mobilehome parks,Self Storage,and Apartment
properties from $1MM to $50MM in major metro areas with current
occupancy rate of 40-70% at a price of from .55-.60 on Commercial REOs
and they will buy also Commercial Notes on income producing property
nationwide
*Have the following buyers also:
1)Hedge Fund that wants to buy SFR REOs in CA,TX,FL,WA,OR,NV,AZ,UT
2)Buyer of Multifamily Apartment REOs 10 to 500 units in CA,NV,AZ,UT,CO,TX
3)Self Storage Nationwide from 100 to 500 units in diamond states
mostly either REOs or NPNs
4)Strip Malls Buyer wanting properties that are great deals nationwide,REO only
5)SFR PNs Buyer wanting performing notes from 2007 and earlier in
WA,OR,CA,AZ,TX,FL
6)SFR REO nationwide priced in the .50-.60s in
CA,AZ,NV,OR,WA,UT,FL,NEW YORK,NJ,IDAHO,ILLNOIS
E-mail me at: donmoneybiz@gmail.com
Knightvest Capital, a growing real estate investment firm targeting distressed multi-family properties in Texas, today announced the acquisition of a 370-unit multi-family property in north Dallas.
The property, known as Copper Creek Apartments, is located in close proximity to the corner of Interstates 75 and 635. The investment firm acquired the property out of foreclosure and are planning significant renovations.
"We were able to acquire Copper Creek "off market" at a reasonable discount due to the depressed financial markets and lack of refinance options by the previous owner," stated David Moore, President of Knightvest Capital. "The discounted purchase price will enable us to invest the necessary capital to improve the property while offering a market leading product at competitive rental rates."
This is the fifth multifamily acquisition by Knightvest Capital in 14 months, bringing their total unit count to over 1,300. NorthMarq Capital arranged the life company financing and Joshua Partners was the lead investor.
About Knightvest Capital
Knightvest Capital specializes in repositioning distressed multifamily investments in Dallas, Texas. Through professional property and asset management, and a high level of integrity, Knightvest Capital increases the value of properties while improving quality of life for its residents. Knightvest Capital derives stakeholder value through hands on property management and partnerships with local community organizations. Knightvest Capital combines an entrepreneurial approach, professional property management and institutional quality reporting. http://www.knightvest.com
For more information, please contact:
David Moore - dmoore@knightvest.com
KC Kronbach - kck@knightvest.com
===============================================================
Big Buyer Billionare
Investment Opportunities
Jay Harron
Senior Vice President
001.312.466.3632
jharron@equityinternational.com
2010 Equity International, Two North Riverside Plaza, Suite 1500, Chicago, Illinois, 60606, USA 001.312.466.4001
================================================================
BIG BUYER
Colliers International
864 Wethersfield Avenue
Hartford, CT 06114
+1 860 249 6521 Phone
+1 860 247 4067 Fax
Principal
Keith J. Kumnick, SIOR
Tel: +1 860 616 4019
keith.kumnick@colliers.com
================================================================
Regency Centers (NYSE: REG), a Jacksonville, FL-based shopping center owner and developer, acquired Willow Festival, a 405,227-square-foot neighborhood retail complex in suburban Chicago in an off-market deal. The property’s developer, Hamilton Partners, sold the three-year-old asset for $64 million or $158 per square foot in the second largest retail real estate transaction in metropolitan Chicago this year.
The first largest deal was NewTower Trust Co.’s purchase of Springbrook Prairie Pavilion in Naperville for $69 million or $302 per square foot. A joint venture between Bond Cos., MDC Properties and Midwest Commercial Realty sold the 228,471-square-foot portfolio in July.
=============================================================
More than half of foreign investors now say the U.S. provides the best opportunity globally for growing the value of commercial real estate investments, according to the annual survey conducted among the members of the Association of Foreign Investors in Real Estate (AFIRE).
=============================================================
These Buyer got to be search and address and post to buyer list of dec 2010
Dallas-Based Landes Group Acquires 36 CVS Pharmacy StoresThe Landes
Investment Group Inc., a personally held real estate investment and development company, announced today that entities affiliated through it have acquired 36 CVS pharmacy properties valued at approximately $110 the multitude. The properties, which were acquired from CVS in September 2010 in market-and-leaseback transactions, are located in 19 states; two of them
Harbor Group International Purchases Times Square Office TowerHarbor Group International, LLC (“HGI”) announces an affiliate of the Company has acquired 1412 Broadway, a 24-story, 415,135-square-foot office tower in the heart of Midtown Manhattan, near Times Square, for $150 million. Over the next few years, HGI plans to invest an additional $10 million in capital and tenant improvements for the property. The circa 1926
Dan Worley Named Chief Strategy Officer with Better Homes and Gardens…Better Homes and Gardens Mason-McDuffie Real Estate is pleased to announce that Dan Worley has been named Chief Strategy Officer of Better Homes and Gardens Mason-McDuffie Real Estate, the 19th largest real estate services firm in the country. He has more than 19 years of experience in real estate finance, investment, mergers and acquisitions, and
Harbor Group International Sells Washington, D.C. Office Building for…Harbor Group International, LLC (“HGI”) has sold its Washington, DC trophy property, Longfellow Plaza at 1211 Connecticut Avenue NW for $49.5 million. Situated in the prestigious Golden Triangle section of the city, the eight-story, 125,119-square-foot commercial building was purchased by publicly traded real estate investment trust First Potomac Realty Trust. “We are pleased with the performance
Michele Flores iNamed Regional Vice President For U. S. Residential…U. S.
For information on U.S. Residential Group and the services we provide, please E-Mail info@USRGroup.com or complete the entire form below
Residential Group, Inc., a national, full-service multifamily management company, announces Michele Flores has accepted the site as Regional Vice President responsible for the firm’s operations in the Texas region. Mrs. Flores has been active in all aspects of multifamily control since 1990. Prior to joining U. S. Residential, she was employed ~
Forest City Completes Sale of Millender Center Mixed-Use Assets In Detroit- Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) today announced that a subsidiary, together with its partners, has closed the sale of portions of Millender Center, a mixed-use property in downtown Detroit, to Riverfront Holdings, Inc. (RHI). The $37.8 million transaction is expected to generate net proceeds to Forest City of approximately $14.4
Grosvenor Americas Acquires Seattle Area Apartments, TownhomesGrosvenor Americas, in a joint venture partnership with Mosaic Homes of Seattle, has acquired the 164-unit Woodcreek Apartment Homes community located in the Seattle, WA suburb of Lynwood. The Grosvenor Americas–Mosaic joint venture acquired Woodcreek Apartment Homes from Pacific Property Company. Dave Schumacher and David Mortensen of Columbia Partners LLC represented the seller; Graham Maloney of
Macbeth Apartment Services Executive Receives CPM of the Year AwardDirk Needham, chief operating officer for Macbeth Apartment Services(MÁS) in Carlsbad, Calif., has been awarded the “Certified Property Manager® of the Year” award by the San Diego chapter of the Institute of Real Estate Management. The CPM of the Year award is presented by IREM to recognize members who have provided outstanding service
Kayne Anderson Acquires Student Housing Portfolio from Education Realty Trust- Kayne Anderson Real Estate Partners I, L.P. (“KAREP”), a solitary equity real estate fund managed under Kayne Anderson Capital Advisors to array in specialized real estate sectors, today announced its acquisition of a nine-property against-campus student housing portfolio from Education Realty Trust Inc. (NYSE: EDR) located inside of seven public university markets in Alabama,
The Hampshire Companies Pick-Up Airport Plaza Shopping Center in…The Hampshire Companies, a full service, private real estate investment firm with equity in assets valued at into the bargain $2 billion, has announced the acquisition of an 84,000-level-foot retail building located at 1135 Airport Road in Allentown, Pa. from one affiliate of the Rosen Group, Inc. Conveniently located in a richly-traffic area with nearly 24,000
The Hampshire Companies Add Cherry Hill, N.J. as the Latest Hampshire…Situated on 2.6 acres, the upgraded facility features both climate controlled and non-climate controlled self storage units. Hampshire Self Storage’s Cherry Hill location also offers affordable pricing, free trucks with move-in and an advanced security system. Conveniently located at the Rock Hill Road Jug handle, the building provides easy access to both directions on Route
Lee Thiessen of Altus Group Joins UrbanStar Capital as Advisory Board…Dean Gorenc, CEO of UrbanStar Capital announced that Lee Thiessen has joined as a new member of the Advisory Board. Mr. Thiessen is a leader on a global level in commercial real estate and will assist in the value creation phase of UrbanStar Glendale Manor Inc., UrbanStar Capital’s current land investment offering. Located in Bearspaw,
New Luxury Ventura Apartment Community Unveiled By The Towbes Group,…The Towbes Group, Inc. of Santa Barbara, has unveiled its newest luxury apartment community, Ralston Courtyards, in the City of Ventura. This 108 unit community, built with the needs of today’s professional in mind, comes complete with a roster of amenities rivaling those of multifamily developments in large urban settings. Recognizing the importance
Cityplace South Tower Sold in Florida Bulk Condo Sale for $63.94MGulfstream Capital Partners, a Texas based investment group, purchased the remaining 309 bank owned condos at Cityplace South Tower in West Palm Beach, Florida from Scotia Capital for $63.94M on November 9, 2010 according to Kevin Dickenson with http://www.stealthatcondo.com. The 419 unit 20 story tower opened in 2008 and the original developer, Miami-based
Mark Addy Named COO of Phillips Edison-ARC Shopping Center REIT Inc.- Phillips Edison – ARC Shopping Center REIT, Inc. (“the Company”) announced that on November 1, 2010, R. Mark Addy was named Chief Operating Officer by the Company’s Board of Directors. Mr. Addy will also serve as President of Phillips Edison NTR LLC. (Photo: http://photos.prnewswire.com/prnh/20101124/PH07649 ) As COO, Mr. Addy will be responsible for integrating the asset
Stoneleigh Companies, LLC Announces the Acquisition of Waterford Hills…Stoneleigh Companies, LLC announces the acquisition of the 270 unit Waterford Hills Apartments in Charlotte, North Carolina. The purchase was financed through a new long term loan issued by Wells Fargo on behalf of Freddie Mac’s CME program. The property is the third multi-family property acquisition by Stoneleigh in the past year and adds a
Apartment Investment and Management Company Employees Nationwide Join Forces to Impact Local Communities Through Volunteer Service- Hundreds of Apartment Investment and Management Company (Aimco) employees are volunteering time to address critical needs in their communities as part of the national Aimco Cares Community Service Day on Wednesday, November 10. Aimco’s more than 65 Service Day projects include making crafts with patients at the Childrens’ Medical Center in Dallas; sorting
Molpus Woodlands Group Announces the Acquisition of 14,280 Acres in…The Molpus Woodlands Group, LLC (Molpus), a timberland investment management organization (TIMO) headquartered in Jackson, Mississippi, announced today on behalf of a client the successful purchase of approximately 14,280 acres in East Texas for a purchase price of $18,421,200.00. This property was purchased from Cambium Corrigan Limited Partnership, an entity of Cambium Global
Picard Joins Lyxor Asset Management, Further Strengthening Its U.S. Business- Lyxor Asset Management Inc. (“Lyxor U.S.”) has hired Robert Picard as U.S. Head of Managed Account Development. Mr. Picard is based in New York and reports to Lionel Erdely, CEO of Lyxor U.S. Prior to joining Lyxor, Mr. Picard was Senior Advisor to Navigant Consulting’s Financial Institutions Restructuring Solutions Team and active in advising emerging
Northland Investment Corporation Gains 3.1% Revenue Lift in Pilot Test…Northland Investment Corporation, a privately-held, fully integrated real estate company focused on the acquisition, development, operation and long-term ownership of multifamily and commercial real estate throughout the United States, realized a 3.1 percent revenue lift during its successful pilot test of the Rainmaker LRO revenue management pricing optimization system. In its pilot test, Northland matched
Blue Prairie Group, L.L.C. Names Peter Marchese, CFA, Director,…Blue Prairie Group (“BPG”), a Chicago-based investment consulting firm serving the institutional retirement, institutional investment, and wealth management market places, is pleased to announce the addition of Peter Marchese, CFA, as Director, Investment Analytics. He will be responsible for the process of manager due diligence, client reporting and management of the
Albuquerque Real Estate Investment Expert Rick Steadman Launches a New…Leading Albuquerque Realtor Rick Steadman announces the launch of his new website, http://www.AlbuquerqueHomeSite.com. Built to serve as a resource for homebuyers and investors in the Albuquerque Metro area – which includes Corrales, Rio Rancho, Los Lunas and Sandia Park – the site offers a variety of tools and resources designed to help streamline the
EcoSys Selected for San Francisco MTA Capital Planning System SoftwareEcoSys, the best-of-breed enterprise planning and cost controls software, announced today that it was selected by Hill International as core software for the San Francisco Municipal Transportation Agency’s (SFMTA) new capital program controls system. The SFMTA selected Hill International to oversee project control systems on the program. The system will track capital project budgeting, financing,
Mid-America Apartment Communities Announces Quarterly Common Dividend Increase- Mid-America Apartment Communities, Inc. (NYSE: MAA) today announced that its board of directors voted to increase the quarterly common dividend by 2% to a quarterly payment of $0.6275 per share, or $2.51 per share on an annual basis. Al Campbell, CFO, stated, “We are encouraged with the improvement in leasing trends and expect
RidgeWorth Wins 2010 STAR Award for Overall Advisor Communication- On October 21, 2010, the Mutual Fund Education Alliance (MFEA) held its 14th annual STAR Awards Banquet in Chicago. The purpose of the awards is “to recognize the extraordinary efforts of mutual fund companies in communicating with their various constituencies and in helping investors understand and benefit from mutual funds(1).” This year, RidgeWorth received
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Inland Real Estate Acquisitions, Inc. is the purchasing arm for various companies that are part of The Inland Real Estate Group of Companies, Inc.
We typically pay all cash for properties, so we can close quickly with no mortgage contingencies.
Since January 2005 we have purchased 1159 transactions valued at more than $17 Billion, earning us a reputation for closing on the vast majority of properties we put under contract.
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Hello Robert,
I was referred to you by Norman Sutton. He said you are looking for real estate in Houston , TX . Here’s a $30M opportunity of 253 homes…there are 117 more homes from the same seller that could be added to this purchase.
Here’s the scoop;
This off-market cash-flowing portfolio is 100% occupancy Class-A 12-cap leased portfolio of 253 newer houses owned by the developer who built the houses. The overwhelming majority of the houses where built in 2008 and 2009. The average rents are $1,290 per house. The original asking price was $31.85M, but now the FIRM selling price is $30M. The seller has already turned down offers at $26M and $28M and do not HAVE to sell…they just want to raise some capital for another venture.
I think a great up-side value-play on this opportunity would be to turn these rentals into notes with the existing tenants at basically the same $1,290 average monthly payment the tenants are currently paying. This investment strategy would eliminate $1.69M in landlord expenses every 12 months and could thereby take this investment from the current 12-cap to an 18-cap very quickly. I know if I were a renter and I loved my (almost new) home…and if my landlord came to me and asked if I wanted to own the home for approx. the same payment (plus taxes and insurance) I’m already making each month, I would jump on it. The investor could have the tenant pay ALL costs involved in conveying each home using land contracts. The only out-of-pocket expense that the tenant would have to pay (to own their home) would be the closing costs. This investment would subsequently be gushing cash at $5,434,195 per year for approximately 14 years! (I used a sold comp selling price of $127,650 to calculate a 14-year note at 8% interest = $1,266 monthly to the very happy new homeowner.)
Please let me know if you may have an interested buyer as soon as you can…I’ve been told that the seller is getting ready to list this opportunity on the open market, so time is of the essence.
FYI, I’m not representing anyone in this opportunity, but am acting as an intermediary. The fee on this transaction will be 3% of the gross selling price…one of these points is for you if you are the buyer rep.
All the best to you Robert
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