creiZ about Real Estate

How about flipping a $7 billion office portfolio in 48 hours? I wouldn't mind that! According to the National Real Estate Investor website, "[r]umors of this side deal were first reported in the Wall Street Journal [on Feb 8, 2007]." (And I bet that they didn't even have to replace a kitchen! :)

The office space is being acquired by Harry Macklowe who already owns 6 million square feet of space in Manhattan. Real estate investor Larry Fiedler also suggests that up to 25% of Blackstone's ~$39 billion  acquisition could be sold to Vornado Realty Trust, Starwood Capital and/or Walton Street Capital over the next few weeks. Wow!

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If you want to find out more about this blog post or what Esenai (my real estate and technology consulting company) can do for you, call me at 240-441-5086 or email me. (just remove the "-spamnot" from the email address.) Marvin a.k.a. eMarv

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FOCUS

Our primary area of focus is in finding opportunistic (i.e. value-add or as-is) multi-family real estate properties in the United States where we can increase the value of a property by 25%-50% (or more) through physical and managerial improvements.

PARTNERING 

We are interested in partnering with institutional, international and other accredited investors that are looking for higher yields than typical turn-key real estate investment properties can provide. Whereas a NNN leased single tenant office building can provide cash-on-cash return in a major market of 10% or less, we are able to obtain cash-on-cash returns of 20% or better (i.e. twice as much as an average cash-on-cash return).

OPPORTUNISTIC INVESTMENTS

Interested in Opportunistic Investments? 

CONTACT US IF YOU READY TO INVEST FOR GREATER RETURNS

240-441-5086

mcorea [at] esenai [dot] com 

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If you want to find out more about this blog post or what Esenai (my real estate and technology consulting company) can do for you, call me at 240-441-5086 or email me. (just remove the "-spamnot" from the email address.) Marvin a.k.a. eMarv

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