It has come to the knowledge that Property Asset Investments (PAI), esteemed Houston-based real estate investment firm, is going to create two funds so as to invest in distressed residential real estate. In accordance with the annunciation of the company, one of the funds will invest in real estate owned (REO) properties in Houston, Seattle and Denver, working with lenders to pay for distressed properties and resell the houses to real estate investment trusts (REITs), special-purpose acquisition companies (SPAC) and large hedge funds.
What will be the role of other fund then? It will put in bulk real estate portfolio purchases. The firm will generate suggested management plans so as to sell in conjunction with the properties to other investors.
It is definite that the firm is resolute to appraise the individual properties it acquires to capitalize on profit, making use of a combination of investment evaluation software and the experience of its staff. What’s more, it said that it will resell most properties it acquires within three to 12 months. PAI expects to have an inventory of 3,800 homes and earnings before interest, taxes, depreciation and amortization (EBITDA) of $11.8m during the first year of the funds, followed by second and third year EBITDA of $23.5m and $35.7, respectively.
Property Asset Investments (PAI), was founded in May 2009 and has the credit to designed a comprehensive and aggressive strategy for purchasing distressed real estate properties at significantly below market pricing, identifying their “Highest & Best Use” and executing a predetermined plan that will convert distressed properties into income producing properties or sell them at a profit in a timely and efficient manner.
It must be stated that the real asset of Property Asset Investments, LLC is its team of unparalleled professionals that can mobilize and convert thousands of distressed assets into productive homes for families efficiently and provide impressive returns for its investors.
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