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real estate

CDB Properties Offers The Finest Futuristic Investment Opportunities In ‘Victoria City Lahore’

April 13, 2022 (Global News Distribution) -

Victoria City Lahore, a new housing venture has been launched at the prime location of Main Canal Road, Lahore. This modern society offers all the amenities one could dream of in a perfect home. CDB Properties is an authorized dealer of Sheranwala Group and is offering pre-launch booking advantages. If you’re looking for investment opportunities in Victoria City Lahore, CDB Properties has the finest opportunities for you. Whether you are interested in Houses, Plots, Shops & Shopping Plazas or any other type of property, they can help you find what you’re looking for.

CDB Properties is a leading property platform where you can Consult, Decide & Buy Properties of your choice. They provide updates on the market trends and expected upcoming situations for various properties. They strive hard to keep their viewers informed about when it’s the best time to buy or sell your house, plots/shops etc., so you can make an informed decision without any confusion.

The future of real estate has arrived in Victoria City Lahore! CDB Properties is bringing a new era to the Pakistani market with its innovative investment opportunities. The developer, Sheranwala Group just launched an exciting pre-launched pricing plan for both residential and commercial properties that will make it easy on investors seeking capital growth while still being reasonable enough so you can afford your dream home or office space here too

“I would like to congratulate the Sheranwala Group as due to their credibility in the marketplace, their reputation, and the delivery of their past project within the given timeline with commitment, we are not facing any challenges when selling [properties] in Victoria City Lahore,” says CDB Properties CEO & Co-Founder Waqas Naseer. “Due to the reputation of Sheranwala Group, the response of the customers has been great so far”, he added.

The society comes equipped with a state-of-the-art security system, a world-class gymnasium, a spacious car parking area, etc. The location is also very convenient as it is close to all the significant landmarks in the city. So if you are looking for a luxurious and comfortable home in Lahore, then Victoria City Lahore is the perfect option.

As Victoria City Lahore is offering pre-launched pricing, customers won’t miss the initial booking benefits. This includes all commercial plots facing Main Boulevard.

Payment Plans

Victoria City Lahore is offering different payment plans for both residential and commercial properties that are in favor of customers. 

With this pre-launched payment plan, residential payments can be deposited into a four-year installment plan with just one down payment. The second payment, usually made at the time of submission of the form for residential property, has been removed from the pre-launched payment plan

On the other hand, in their commercial payment plan, payments are also made in a four-year installment plan with one downpayment. For more details, you can see their detailed payment plans.

This payment plan only shows the cost of the land and does not include development charges, they will be provided by the developer later.

For those who have not yet decided, note that the pre-launch price is for a limited time and can be changed at any time in days or weeks. Therefore, if you are interested in buying a residential or commercial plot, this is the right time to contact CDB Properties. And secure your plot in pre-launched pricing.

About Developer:

Sheranwala Group is a well-reputed name in the real estate market of Pakistan especially since they had delivered a number of projects in Lahore. Now they are back with a bang as they have just announced their new society named “Victoria City Lahore”. The Sheranwala Group has always had a great reputation and credibility in the real estate market because of its outstanding work, which is why investors are already interested in this project. 

About CDB Properties:

CDB Properties is one of the fastest-growing real estate brokerage companies in Pakistan. Real Estate offers professional services for sale and purchase of houses, plots, shops and shopping plazas and various other property types. With its unmatched expertise in the industry, Real Estate caters to all your needs related to rentals and property management.
Interested people can visit CDB Properties website or contact them directly at +92 (333) 111-5100 or +92 (333) 111-5200 for more information.

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Sherman Residential Expands in the Kansas City Northland with New 328-Unit Multifamily Property Acquisition

April 6, 2022 (Global News Distribution) -

Sherman Residential has proudly acquired its third asset in the Kansas City metropolitan area, Kinsley Forest luxury apartments, a 2017-constructed Class A multifamily community located in Kansas City, Missouri.

alt="Northern Kansas City tree line"

The 328-unit property is conveniently located within 15 minutes of the Kansas City International Airport, downtown, and many top employers, including Cerner, T-Mobile, and the Social Security Administration. The Lakeview Terrace neighborhood gives students access to the NKC School District and several universities.

A northern Kansas City tree line surrounds this garden-style property and its inviting list of amenities, including:

  • One to three-bedroom apartments with elevator access
  • Privacy conveniences such as in-unit washers and dryers, personal patios/balconies, and garages
  • The expansion of one’s home into a welcoming clubhouse featuring a full demonstration kitchen, media lounge, and private conference room
  • Comprehensive community amenities, such as a 24-hour state-of-the-art fitness center with on-demand fitness, cabana-lined pool, outdoor fireside lounge, and gated pet park
  • A perfectly balanced location nestled within Northland forestry and just a minute from the entrance to Highway 169

On March 28th, 2022, Sherman Residential purchased and assumed the property management. Garrett Salk, Sherman’s Vice President, states:

We are excited to expand our portfolio in the Kansas City market. The asset’s proximity to downtown and many of KC’s top employers drove us to pursue the property. We look forward to continuing to seek high-quality apartment communities in the KC market.

With a dedicated team, they look forward to creating a true sense of community for its current and future residents.

Sherman Residential has owned and professionally managed over 80 properties, including Kinsley Forest, and is currently celebrating its centennial year. Since 1922, the family-owned company, headquartered in north suburban Chicago, has successfully managed a nationwide portfolio of multifamily properties. To learn more about its current holdings and investment opportunities, visit shermanresidential.com.

To see the difference Sherman is bringing to Kinsley Forest and the Kansas City multifamily market, schedule an in-person or live virtual tour of the property or learn more at kinsleyforestapts.com.

Contact Author

KRISTINE BIEDERER

Sherman Residential
8473742706

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Ten Drucker + Falk Apartment Communities Named Elite 1% for Best Online Reputation Scores

January 28, 2022 (Global News Distribution) -

National multifamily management company’s communities earn top honors

Leading apartment industry research firm, J Turner Research, has announced the 2021 Elite 1% Online Reputation Assessment (ORA™) Power Ranking of properties with the best online reputation across the nation based on individual ORA™ scores. The research firm partners with Multifamily Executive to publish the ORA™ Power Ranking, evaluating top properties and management companies in the U.S. based on their ORA™ scores, a cumulative compilation of a property’s ratings across multiple review sites. The online ratings of nearly 130,000 properties are monitored and analyzed nationwide, and properties are assigned a score of 0-100. This score aids in comparing properties and portfolios against one another and serves as a reference point for local, regional, and national competition.

In the eighth annual 2021 Elite 1% ORA™ Power Ranking, 1,564 properties made it to the ORA™ Elite club (over 250 more than last year). Of those 1,500 plus apartment communities, 10 Drucker + Falk (DF) Multifamily communities made the list, each with an ORA score of 94.

Drucker + Falk, a best-in-class multifamily management organization and full-service real estate and investment firm, is proud to be recognized in the Elite 1% again this year. DF Multifamily currently manages apartment communities across eleven states including Virginia, Maryland, North Carolina, South Carolina, Arkansas, Florida, Tennessee, Indiana, Kentucky, Ohio, and Louisiana.

See below for the 10 Drucker + Falk – managed apartment communities on the Elite 1% list:

Avalon Peaks | Apex, NC
Barclay Place Apartments | Wilmington, NC
Fairgate Apartments | Raleigh, NC
Haygood Halls | Virginia Beach, VA
Hidenwood North Apartments | Newport News, NC
Mayfaire Apartments | Raleigh, NC
The Chapman Apartments | Hampton, VA
The Crossings at Red Mill Apartments | Virginia Beach, VA
The Lincoln Apartments | Raleigh, NC
Venture Apartments iN Tech Center | Newport News, VA

Tarra Secrest, Director of Marketing + Property Development for Drucker + Falk, said, “Resident satisfaction across every single one of our communities is centric to our business. Having multiple DF Multifamily communities named to this nationwide list every year is such an honor and validates the daily efforts put in place by on-site teams to create exceptional experiences for our residents.”

ABOUT DRUCKER + FALK

Founded in 1938, Drucker + Falk is a full-service real estate and investment firm, managing a diverse portfolio of more than 40,000 apartments in 11 states including Virginia, Maryland, North Carolina, South Carolina, Arkansas, Florida, Tennessee, Indiana, Kentucky, Ohio, and Louisiana. With roots in third party fee management, Drucker + Falk specializes in multifamily management of all asset types, new development construction consultation and lease up, urban revitalization, asset repositioning and stabilization of challenging properties, mixed use management and due diligence services. With more than 3 million square feet under management, Drucker + Falk also offers commercial sales, leasing and management services. For more information, please visit Drucker and Falk.

ABOUT ORA POWER RANKINGS

Developed by J Turner Research, the ORA Power Rankings are a monthly, independent ranking of apartment properties and management companies based on their Online Reputation Assessment (ORA™) scores. A property or management company is not required to be a J Turner Research client to qualify for this ranking, which is published by J Turner’s media partner Multifamily Executive. To learn more or to request your ORA™ score, visit http://www.jturnerresearch.com/about/what-is-ora-score.

Contact Author

AMANDA MCCROWELL

Drucker + Falk
757-406-1187

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Chester County Sheriff Conducts Successful Online Sheriff’s Sale Pilot for Real Estate

January 27, 2022 (Global News Distribution) -

Chester County’s new online auction format produced stronger participation and sale

Chester County, Pennsylvania held its first online sheriff’s sale on Jan. 20. Of the 21 properties that went to auction, 13 were sold to third-party bidders, producing $2,491,550 in sale proceeds. In total, 44 bidders registered and submitted deposits to participate in the auction. In addition to boosting participation and sales, the new online format enabled all participants to bid remotely, allowing the sale to remain unaffected by external factors such as the status of the Omicron variant.

“When I took office, I promised to find ways to use technology to better serve Chester County’s residents and virtual sheriff’s sales seemed like a tool worth exploring,” said Chester County Sheriff Fredda L. Maddox. “Our sales were higher, our staff was freed up to better serve our constituents and we did not have to worry about public health concerns during our auction. Best of all, these services came at no cost to our county.”

In the sale’s two-hour run time, a total of 281 bids were placed. A Maryland buyer was the only out-of-state buyer; the rest were all located in the Commonwealth of Pennsylvania. Bid4Assets has recently hosted successful online transitions for multiple sheriff offices in Pennsylvania.

“Sheriff Maddox has a reputation for embracing technology and bringing innovation to processes that are overdue to be updated,” said Bid4Assets’ President Jesse Loomis. “Chester County is the 10th county in Pennsylvania to improve their sheriff’s sale process using Bid4Assets. Even beyond COVID, you’re looking at the new normal.”

Chester County’s next online sheriff’s sale is scheduled for Feb. 17, 2022. To view a list of available properties, visit www.bid4assets.com/chesterfeb22.

About Bid4Assets

Bid4Assets is one of the world’s leading marketplaces for the sale of distressed real estate property sold by governments, county tax-collectors, financial institutions, and real estate funds. It conducts online tax sales for counties across the country and has grossed more than $1 billion in auction sales. Bid4Assets is a wholly owned subsidiary of Liquidity Services.

About Liquidity Services, Inc.

Liquidity Services (NASDAQ: LQDT) operates the world’s largest B2B e-commerce marketplace platform for surplus assets, with over $9 billion of completed transactions to approximately four million qualified buyers worldwide and 15,000 corporate and government sellers. It supports its clients’ sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and defer products from landfills.

Media Contact:
Teresa M. Lundy
TML Communications
E: Teresa@TMLFirm.com
P: 215-500-8749

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LOCAL RECORDS OFFICE INVESTIGATES HOW TO GET THE BEST DEALS FROM PRIVATE SELLERS

January 26, 2022 (Global News Distribution) -

Local Records Office in Bellflower, California researched how homebuyers can get the best deals from private sellers across SoCal. Many online homebuyers have been asking questions on how to get the best deals yet make sure the seller is legit. A terms deal is a deal where the seller is willing to participate in the financing. This could be an owner carry, a lease option, a subject to, or any other method of buying a home without getting a traditional or bank loan. This is becoming increasingly important for many buyers in real estate because they have the opportunity to grow personal portfolios and it becomes harder to get conventional financing. It is because of these types of deals that I have been able to build a large rental portfolio.

The professionals at the Local Records Office researched how buying a home and security go hand in hand. This makes potential homebuyers a lot more comfortable to take the next step in the home buying process.

Local Records Office Works Directly With the Homeowner to Secure Selling Process

It is important that you are talking to someone that is really motivated to sell their house for them to be open to this type of creative offer. For this reason, it is important that you deal directly with the owner and that you take some time to qualify their motivation before you spend too much time with them. For the purpose of this article, I am going to assume that you are marketing for sellers to call you and that your phone is ringing with seller leads. If you are unsure how to get sellers to call you be sure to check out our blog or our bi-weekly videos on YouTube and Vimeo. 

I believe it is always best to answer the phone. If you cannot answer the phone, be sure that you have a very pleasant outgoing message so that people feel welcome to leave a message. Here is a sample of how your phone call should sound: 

You: Thanks for calling this is Carlos 

Seller: Yea… I saw a sign on the side of the road that says you buy houses. 

You: Yes, do you have a house for sale? 

Seller: I do 

You: Awesome. Go ahead and tell me a little about your house. 

Seller: The house has 3 bedrooms and 2 bathrooms. I just recently painted the living room this really cool blue color. I have also recently painted clouds on the ceiling in my kid’s rooms. They seem to like it.

You: Sounds like a wonderful house why in the world are you considering selling? 

Seller: I lost my job a few months ago and am starting to fall behind on the loan. The house is worth around $225,000. 

You: I am sorry to hear that. How much do you think your house is worth? 

Seller: See that is the problem. I owe too much to sell it. I still owe $120,000 

You: That’s ok. And your payments are how much? 

Seller: $825 

You: Does that include taxes and insurance? And is it a fixed-rate loan? 

Seller: Yes, and yes 

You: I would be interested in coming out and taking a look at the house. Can I do that? 

Seller: Sure. When would you like to see it? 

You: I have a little flexibility. Are you the only owner or is someone else on title with you. 

Seller: My wife 

You: What day is it best to meet? 

You: Ok, which is best; Wednesday or Thursday at 6 pm? 

Seller: Thursday works better.

The Home Seller Might Still Owe on the Home 

There are a few things the Local Records Office points out here. It does not matter what they say about the house when you ask them about it, what is important is that you use this to start the conversation. Your screening process starts with one very important question. “Why are you considering selling?” The answer to this will tell you if you want to move on with the conversation or not. If they give you a reason that makes you think they are motivated then you need to dig into the details of their current loan. 

Be Direct

You don’t need to follow this script word for word and honestly, the conversation may take you in a different direction but I wanted you to see how a typical conversation might go. It is important to get as much information about their loan as you can. If it appears they are motivated enough to say yes to a creative offer and you can think of a solid exit strategy then it makes sense to go meet with them. 

You will of course want all decision-makers there, so it is important to make sure everyone that is on title can make your appointment. Finally, it is a good idea to offer a few suggested times so it appears that you are busier than you really are. If you are busy you are in demand which will help make them want to work with you now go get that phone to ring.

Offering Sellers Security

By offering sellers security and a straight answer you get straight to the facts. The reality is that home sellers just want to get rid of the property with all the unnecessary steps that modern real estate agents nowadays do.

Local Records Office Property History Report

The Local Records Office brings together home sellers and homebuyers. The $94.00 property history report that the Local Records Office creates for any property and or home educates potential homebuyers if the asking price is right. The buyer is able to view the history of the property from when it was first constructed. The list includes demographics, foreclosure activity, and much more. With this information, clients can see if there was any major renovation on the property. The entire process usually takes under 21 business days. 

Media Contact
Company Name: Local Records Office
Contact Person: Roberto Romero
Phone: 1 (800) 790-0721
Address:2202 S. Figueroa St. #406
City: Los Angeles
State: CA 90007
Country: United States
Website: https://www.local-records-office.org/

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Real Estate Developer NRIA Builds in West New York with a Car-free Lifestyle in Mind

January 17, 2022 (Global News Distribution) -

National Realty Investment Advisors (NRIA), a leading developer of luxury real estate on the East Coast, announces that it is building its latest developments in West New York, New Jersey, called “The Station,” and “The Grand and The Metro,” with the growing car-free lifestyle in mind.

The pandemic fast-forwarded an increasing ability to work from home that is partly behind many Americans’ decision to ditch their automobile. Without a commute to work, a full-time car just isn’t as necessary.

NRIA is taking note of this trend and investing in walkable communities like West New York, a Manhattan bedroom community that has easy access to public transportation and great restaurants and culture. NRIA’s two-tower residential rental community, “The Grand and The Metro,” at 508 and 511-513 51st Street, and “The Station,” at 4901 Bergenline Avenue, were all designed with a thought towards those who choose to live car-free.

Even before the pandemic, a car-free movement was gaining momentum. Two-thirds of Americans now report walking, biking, or taking public transport for at least one trip each week, according to a transportation study by the Urban Affairs and Planning Department of Virginia Polytechnic Institute.

Residents of NRIA’s “The Station” and “The Grand and The Metro” will be able to take advantage of all three-walking, biking, and public transportation. Within walking distance of
“The Station,” “The Grand and The Metro” is a Hudson-Bergen commuter rail line station, which brings riders into New York City and up and down northern New Jersey.

“West New York embodies everything that made places like Hoboken so attractive before the pandemic,” says Richard Stabile, senior vice president of project acquisition, new construction, and sales for NRIA. “It’s a great commuter town. We took the city and state’s decision to promote light rail in the region and ran with it.”

And despite a community parking garage to be built on-site at each of their West New York properties, NRIA made a strong effort to consider what sorts of amenities residents without a car might desire.

Bike racks, a gym, a 24-hour grab-and-go convenience store, and a business center with a high-speed printer will all be available on-site for residents of “The Grand and The Metro.” “We are making it so that the residents can access as much as possible without needing a car,” Stabile says. “…Everything is right there. And what isn’t within walking distance, you can reach with public transportation. For those working from home, they shouldn’t need to go far for much.”

A hallmark of West New York, a town of roughly 50,0000 people, walkability remains a focus of its Mayor, Gabriel Rodriguez, who is committed to a revitalization project which is improving the walking areas along West New York’s “miracle mile.”

These blocks from 56th Street to 49th Street on West New York’s Bergenline Avenue offer a variety of shops and restaurants, from chains to independent small businesses.

NRIA understands, however, that just because renters in places like Jersey City and West New York might not own a car, that doesn’t mean they will never need or want one. So Zipcars, or a similar ride-sharing car, will be at the ready on-site at NRIA’s “The Grand and The Metro,” for residents’ use as needed.

Across the ocean in Europe, major cities like London, Oslo, and Madrid are making concerted efforts to reduce the number of cars on their streets. And here in America, cities like New York and states like New Jersey are doing the same. Developers like NRIA, too, are doing what they can to accommodate that. “I think we will see more and more buildings designed with a car-free lifestyle in mind,” says NRIA’s Stabile.

About NRIA

With a history of over a decade of delivering the highest quality in construction, NRIA, headquartered in Secaucus, New Jersey, has earned its reputation as one of the leading real estate developers in the nation.

For more information about NRIA, visit www.nria.net.

Contact information:
Dawn Ouellette Nixon
ReputePR
212-736-0800
cam@reputepr.com
https://www.reputepr.com/

SOURCE: NRIA

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ADU OZ Fund, LLC Launches 1st Opportunity Zone Fund for Accessory Dwelling Units seeks Accredited Investors

January 3, 2022 (Global News Distribution) -

The Fund is launching their Series A Round raising $50,000,000

ADU OZ Fund, LLC launches 1st Opportunity Zone Fund for Accessory Dwelling Units (ADU’s) and seeks accredited investors. The Fund is launching its Series A Round raising $50,000,000.

The ADU OZ Fund will construct multi-family workforce and affordable housing using accessory dwelling units and other housing options to produce residual income through the monthly rental cash flow and equity appreciation upon sale in 10-15 years.

Executive Summary

ADU OZ Fund LLC is a Qualified Opportunity Zone Fund creating new affordable housing in San Diego and other suitable markets. They target and acquire 1–4-unit properties within zoning designations that allow the addition of multiple ADUs for more housing. Once acquired, the team obtains entitlements to add the units, rehab the existing structures, and complete the necessary construction. Upon construction, the Fund rents the units, refinances the property, and reinvests into new projects.

The team’s experience in the Southern California real estate market is crucial for analyzing ADU and other value-add opportunities in San Diego. The team consists of a real estate and business attorney, licensed contractor, real estate broker, and close relationships with design and construction professionals. Maximizing the social impact, the team is partnered with non-profit and other organizations that share a common goal to address homeownership and housing for the disenfranchised.

The social impact is real because the need is significant. Using a combination of rehab, new construction, and modular homes, the Fund will increase occupancy substantially. Long-term, the Fund will scale this model into other markets building sustainable subdivisions and apartment complexes using options like ADUs, micro-units and modular homes. ADU OZ Fund, LLC perfectly captures the spirit of the Opportunity Zone to revitalize housing options through creative, sustainable investments.

Mission Statement

Using community resources and collaboration, ADU OZ Fund strives to build quality homes for new affordable rental and homeownership opportunities.

Investment Thesis

ADU OZ Fund will target and acquire 1–4-unit properties within opportunity zoning designations that allow the addition of multiple ADUs for more housing. Once acquired, the Fund obtains entitlements to add the ADUs, rehabs the existing structures, and completes the necessary construction prior to renting during the necessary hold period. After adding more housing, the next step is to incorporate new infrastructure and ancillary businesses to support the housing growth. Long-term, the team will scale this model into other markets building sustainable apartment complexes and subdivisions using options like ADUs and modular homes.
Operation: Adding Dwelling Units, Jobs and Prosperity

Notable Fund Projects

Florence St, San Diego 92113

Originally a 2-bed/1-bath house with an attached garage, we are turning the home into a 3-bed/2-bath, converting the garage into a 2-bed/1-bath accessory dwelling unit (ADU), and adding an additional eight 1-bedroom ADUs in the backyard. For the backyard, we will include parking, a communal space, and a laundry space. Already under construction with the rehab and ADU conversion.

S Gregory St, San Diego 92113

Vacant raw land with the goal to construct a primary residence (2-bed/1-bath) and add 7 micro-unit ADUs. Under development.

Ocean View Blvd, San Diego 92113

Mixed-use commercial/residential property that is prime for major development. Scope of work includes rehabbing existing structures, constructing multiple new residential units with a first-floor retail component. Amenities would include parking, a communal space and designated laundry on-site.

Fund Value & Vision

Like other US markets, San Diego, California has a huge housing need with high rents and high appreciation. More importantly, California and San Diego’s laws have opened regulations to allow unprecedented housing development. That combination allows the Fund to enter this high value market and capitalize on both steady monthly rents and equity appreciation upon sale.

Fund Impact

The Fund will have an enormous social impact using housing innovations like ADUs, micro-units and modular homes to address different specific housing needs for vulnerable groups (ex. veterans, single mothers, homeless and disabled individuals). As the Fund provides more housing, more possibilities arise for ancillary businesses and other opportunities for growth. The goal is to use the Fund’s early successes in San Diego as an example to educate other markets needing similar solutions. In addition, the Fund will work with local contractors and other professionals to build our projects. There is extra value in knowing the money invested in the Fund will circulate through and stay in the communities invested.

Why ADU OZ Fund?

Experienced team with 20+ combined years of legal and construction experience in the real estate community.

Partnered with some of the top Opportunity Zone regulatory and compliance experts in the United States.

Fantastic value-add real estate investment opportunity with significant annual cash flow and high equity appreciation.

Undeniable social impact by using local minority-owner development teams to create new affordable rental and homeownership options for the disenfranchised.

Opportunity Zones & Funds

The OZ Opportunity

Opportunity Zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged. With even more tax break incentives along the way at both 7 years and 10 years.

Investor Opportunity

10 Years – Tax Free Growth

If OZ investment is sold at exit, generating new capital gain for the investor, the new gain would be tax-free if sold after a hold period of at least 10 years.

The Vision of Opportunity

10 Year Anniversary – 100% Step Up to FMV at time of sale.

Initial Investment into Fund – 100% Deferment of Future Gain on Federal Capital Gains if held 10 years.

QUALIFIED OPPORTUNITY ZONES

The Tax Cuts and Jobs Act of 2017 created Qualified Opportunity Zones (“QOZs”) to provide potentially significant tax benefits to investors who re-invest capital gains into long-term investments into communities designated for economic development. There are over 8,500 QOZs across all US states, Washington DC, and Puerto Rico. They offer investors the ability to positively impact communities struggling to attract capital to generate sustainable economic opportunity for their communities.

QUALIFIED OPPORTUNITY ZONE FUNDS

A Qualified Opportunity Zone Fund (“QOF”) is an investment vehicle which is organized as a corporation or partnership for the purpose of investing (at least 90% of its assets) in qualified opportunity zone asset or businesses.
A qualified opportunity zone asset/property can be (so long as acquired after December 31,2017):

Stock in a domestic corporation that is a QOZ business

Any capital or profits interest in a domestic Partnership that is a QOZ business.

Tangible asset used in the trade or business of a QOZ business, where the QOF substantially improves the asset.

QOZF BENEFITS TO THE TAXPAYER / INVESTOR

Taxpayers may defer paying tax on capital gains, if such capital gains are invested in a QOF, within 180 days from the gain. Any taxpayer that holds its investment for a minimum of 10 years, can achieve no capital gain tax on the appreciation of its investment.

Funding Team:

Adam Stone – CEO & Fund Manager

Adam is a licensed Real Estate Broker. (DRE 02034122) and member of the California Bar (SBN 285524). His expertise in various aspects of both residential and commercial real estate including acquisition, management, entitlements, litigation, joint ventures, municipal codes, and San Diego zoning and ordinances. He has completed over 100 transactions since 2015.

Matt Williams – Fund Manager

A retired Navy veteran, Matt is a Construction Supervisor and builder with vast experience in ground up construction and luxury home building. During his tenure, he has managed and raised multi-millions of dollars in assets, utilized in construction projects, in the Pennsylvania, Georgia, California and Texas markets. Matt also holds his MBA in Business Management.

Fund Terms

Status: Open to Investors
Type of Fund: LLC
Asset Classification: Multiple Assets
Active Potential Investments: 3
Fund Administration: OZInvested.com
Anticipated Returns: +20%
Series Round A: $50,000,000
Total Fund: $250,000,000
Minimum Subscription: $50,000

Please visit our website for more information at https://ADUOZFund.com/

Contact:

ADU OZ Fund, LLC
Adam Stone – CEO and Fund Manager
Email: Adams@aduozfund.com
https://ADUOZFund.com/
Phone: 619-704-7724

DISCLAIMER:

Articles featured on this website are for informational purposes only. This is not an offer to sell nor a solicitation to buy ADU OZ Fund, LLC. That can only be done by our current Confidential Private Placement Memorandum (“CPPM”). Securities offered by ADU OZ Fund, LLC. For accredited Investors only. Limited liquidity. The shares being sold in this offering have not been approved or disapproved by the Securities and Exchange Commission or any state’s securities division. Nor has the Securities and Exchange Commission or any state securities department passed upon the accuracy or adequacy of the CPPM, or the disclosures provided therein. Any representation to the contrary is a criminal offense. The information contained in this website is for general information purposes only. The information is provided by ADU OZ Fund, LLC and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is strictly at your own risk.

Contact Author

MARK ELLIOTT POLITI

Eazy Do It, Inc.
3102996690

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Terra Owner David Martin on Why the Time for Sustainable Development Practices Is Now

December 30, 2021 (Global News Distribution) -

Sustainability in Development: Why David Martin at Terra Group in Miami Says There’s No Time to Wait

David Martin of Miami is the CEO of one of the most successful real estate development firms in South Florida. At Terra Group, his job is to oversee every aspect of the firm’s projects and ensure his policies are looking out for more than just the bottom line. Perhaps most importantly, Martin is one of the most influential leaders in his sector.

Considering his stellar track record in sustainability practices, he discusses why he has a sense of urgency to protect the environment.

Martin says it’s not difficult to see why climate change is so important. Even for those that turn a blind eye to statistics, it’s impossible to ignore the extreme weather events that are evident all over the world. If we continue on our current trajectory, the consequences are certain to become more severe.

Being reckless for the sake of making money may still appeal to plenty of people, but allowing and continuing that kind of behavior sets the entire population back. If companies and individuals can’t get a handle on their habits immediately, the damage might not be reversible.

David Martin says that his firm may not be perfect, but his team has made it a point to think about the long-term outcome of every action. Cutting corners might save a few people a few dollars, but ultimately it’s not worth taking the chance.

Terra Group operates in a number of asset classes, meaning its projects affect the lives of people from all backgrounds. Martin thoroughly understands the implications of his company’s diverse holdings. Historically, people in polluted areas tend to attract even more pollution. In other words, those who are most in need of sustainable practices are often the least likely to receive it.

Martin may have an $8 billion portfolio in a sunny state, but he would be the first to admit that this accomplishment is meaningless if it comes at the cost of harming communities.

David Martin understands that real estate is not the sole culprit when it comes to global warming, but he also recognizes the profound impact of acting locally. He acknowledges that what he does and how he runs his firm today can affect how entire neighborhoods experience their tomorrow. By holding suppliers and vendors accountable, alongside his own Terra Group, the perception of sustainability can slowly begin to change.

Over time, people no longer see the extra steps and higher standards as a burden or, worse, a profit-killer. As these practices are integrated into a company’s daily routines and protocols, it has the potential to become the norm. Martin has the power to set an example, and he doesn’t take his influence lightly. His hand in establishing a better process can have a measurable ripple effect on firms across the state and even around the country.

The Terra Group is known for its sustainability primarily because the firm has prioritized the communities affected by its actions. If the air, water, or soil quality is compromised, it will devalue more than the land and facilities.

When professionals talk about sustainability, it can often be in terms of vague promises. CEOs may make predictions about their eventual goals several years in the future, only to abandon that plan because it ultimately didn’t make financial sense. (Fortunately for them, the media often never follows up on their abject failures.)

For David Martin of Miami, sustainability and environmental responsibility isn’t for some distant day when solar power is the only item on the agenda. It’s not for big-name companies with unlimited resources at their disposal.

The best way to protect the planet is to start raising our standards for the sake of new generations. For all of the properties under the company’s umbrella, which include luxury residences and industrial facilities alike, minimizing Terra’s carbon footprint for every project has become a way of life for David Martin of Miami.

This isn’t a sensational turnaround brought about by dooms-day headlines. These are consistent practices that have been carefully mapped out with longevity in mind. The ‘why’ at Terra comes down to people. While the Earth is certainly important, it’s because we all live here that something has to be done today.

David Martin of Miami says that the overall global progress of his industry (and many others for that matter) has been spotty at best and somewhat abysmal at worst. The good news is that sustainable technology, from solar power to energy-efficient appliances, has become dramatically cheaper over the past few years.

What’s more, the demand has inversely increased, particularly as people embrace the reduction in utility bills (and the fringe benefits of a cleaner planet). This is a promising turnaround that can coax more people to wake up to the changing times. It makes the Terra Group that much more attractive to clients too.

Martin says we’re also starting to see more government regulations and enforcement to help stem the use of the more deplorable practices in the industry. This interference, albeit limited and difficult to enforce, does help turn the tides to a certain degree. Martin of Miami didn’t need an official to step in and tell him how to treat the planet though. That concern for the residents of Florida and the people who use his properties was inherent.

David Martin of Miami on the Realities of Sustainability

David Martin of Miami makes it a point to keep up with the latest research, so he’s aware of the latest threats. He keeps his policies flexible enough that they can be changed when there’s a better solution available. Finally, he’s on top of the trends in the larger industry, keeping up with how quickly his peers are able to react to the swiftly changing expectations for sustainability. After all, there isn’t a lot of time to spare.

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Caroline Hunter
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New Cluster inTownship Pegasus with 1 & 2 BHK flats in Kharadi

November 24, 2021 (Global News Distribution) -

VTP Euphoria by VTP Reality is a new luxury residential development in VTP Pegasus Township’s Kharadi. VTP Realty is the most well-known real estate company in Pune. VTP Euphoria is a new cluster that comes under Township codename Pegasus in Kharadi. Residents here will be able to have access to all the multiple modern amenities in the township Pegasus. A feat made possible by decades of goodwill and a well-deserved reputation as a dependable turn-around specialist who has taken over enormous, stalled projects and turned them around into viable and thriving ventures. The property comprises premium flats with 1 and 2 bedroom homes proposed.

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VTP Euphoria

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VTP Euphoria, Township Codename Pegasus, Kharadi

https://euphoriavtp.com/

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New High-Rise Development, The Novus, to Bring Luxury Living to Downtown Durham

November 5, 2021 (Global News Distribution) -

Developer Austin Lawrence Partners Expands its Bull City Presence with 27-Story Mixed Use Building

Austin Lawrence Partners, a locally based and nationally recognized private real estate development firm, is announcing plans for The Novus, a new luxury residential offering in downtown Durham’s Five Points district. Slated for completion in the fourth quarter of 2024, the 27-story high-rise will boast 54 for-sale condominiums and 188 rental apartments as well as ground-floor retail. With more than 40 percent of its condos already reserved at the time of the official, public announcement in late October 2021, The Novus is ushering a fresh paradigm of luxury living into the heart of one of the Southeast’s fastest growing metros.

The highly amenitized building will feature a 25-meter pool flanked by private cabanas, hot tubs, plunge pool, steam room and a massage room to create a luxury resort feel at home. The focus on wellness continues with an outdoor yoga area, a pickleball court, putting green and two golf simulators. The Novus will also offer an outdoor movie theater, a dog park with covered area, and 2,000 square feet of covered common area that transitions between indoor and outdoor communal spaces. The Novus will also include co-working space to include offices, conference and common area space. Condos range in pricing and feature elevated interior finishes including floor-to-ceiling windows, large private balconies, waterfall countertops, integrated cabinet front appliances and more.

The Novus will take shape at the highly coveted and walkable Five Points intersection, placing residents in the midst of popular dining, entertainment and retail options and within short driving distances of Duke University, Duke University Medical Center and Research Triangle Park. This distinctive and purposeful combination of features and location will afford Novus residents flexibility, accessibility, and time-saving convenience: true markers of luxury for urban dwellers balancing life and work today.

“We are deeply invested in the continued growth and development of Durham because we personally know what an incredible place to live, work and play it is,” said Greg and Jane Hills, ALP’s founders. “We are thrilled to share our vision for The Novus and bring this new luxury living concept to the area. We’re looking forward to continuing to engage with the community and showcase milestones along the way over the next few years.”

The Novus will be located just two blocks from One City Center, ALP’s first residential high rise in downtown Durham, and Unscripted Hotel Durham, the firm’s inspired renovation of one of the city’s most iconic buildings. The developers foresee the new project playing a key role in the continued activation of the Five Points district of downtown, spurring robust job creation and stimulating social activity and economic growth in the community.

ALP is collaborating with design partner LS3P Architects and construction partner Samet Corporation to build this landmark addition to the skyline of Durham, which was ranked as the No. 1 market for real estate investment in 2021 by the Urban Land Institute. The project will be constructed in two phases. Phase One encompasses the residential high-rise, with estimated completion by the end of 2024. Phase Two plans and completion dates will be announced in 2022.

Reservations for condominiums at The Novus are currently available and information on the apartment rentals will be available in the coming months. For further information or to make a reservation, visit http://www.thenovus.com.

About Austin Lawrence Partners
Austin Lawrence Partners (ALP) is a nationally recognized, privately owned real estate development firm with more than 35 years of experience in real estate acquisition, development, property management, asset management, research, interior design, marketing, and sales. With offices in both Durham, NC and Aspen, CO, ALP has developed a diverse portfolio of over 30 assets totaling over 3 million square feet, including more than 2,000 multi-family units, across the United States. While specializing in multi-family residential, ALP has experience in development across multiple asset classes including hospitality, single-family, office, retail, land development/subdivision, historic preservation, and mixed-use. For more information, please visit http://www.austinlawrencepartners.com.

About LS3P Architects
Founded in 1963, LS3P is an architecture, interiors, and planning firm with regional roots and national reach. Operating from its nine offices in Charleston, Columbia, Greenville, Myrtle Beach, Charlotte, Raleigh, Wilmington, Atlanta, and Savannah, LS3P is deeply committed to the communities in which it serves and has been honored with over 600 design awards in diverse practice areas. For more information on LS3P, visit ls3p.com.

About Samet Corporation
Samet Corporation is a commercial contractor and real estate development firm exceeding clients’ expectations across a broad range of markets since 1961. The company’s project portfolio includes numerous educational, industrial, office, healthcare, retail, multi-unit residential, and civic facilities. Recently ranked #31 on the Engineering News-Record Southeast Top Contractors list, Samet Corporation employs approximately 400 associates across six markets, including Greensboro, Charlotte, Raleigh, Charleston, Savannah, and Wilmington. To learn more, visit http://www.sametcorp.com.

Contact Author

SARAH CRONIN

The Novus
+1 9195942604

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