/24-7PressRelease/ - NAPLES, FL, May 28, 2008 - Elocin Nire Marketing Inc. and Global Property Investments, LLC have formed Elocin Nire Holdings, LLC as a joint venture to launch a $500 million real estate fund to capitalize on opportunities presented by the recent downturn in the U.S. real estate market.
The Elocin Nire Real Estate Opportunity Fund will seek opportunities and capitalize on economic, financial and property market dislocation. The fund will invest in distressed residential, commercial and retail projects, both directly and via the acquisition of debt. Targets will include multifamily rentals; new condo developments; condo conversions; office buildings; regional malls; manufacturing/laboratory facilities; and land. Other potential investments include hotels, senior living facilities and hospitals.
The fund will primarily target transactions in the states where Elocin and Global partners have properties and have been working for years, which include Florida, Nevada and Arizona. Elocin Nire will also seek opportunities in California, New York, Texas, North Carolina and South Carolina.
The fund will be managed by Elocin Nire Holdings, INC.
"We are going to focus on areas that have been hardest hit by the real estate crisis, and we will only look at deals with very big upsides," said Gary Strong, a managing member of Elocin Nire.
http://www.elocinnire.com
Elocin Nire Marketing Group along with our strategic partnerships with the nations largest developers, brings you a portfolio of the top investment and second home properties in the United States and Caribbean. We bring you these properties through your local real estate professional who will work with you through every step of acquiring a property in the U.S. or Caribbean. These exclusive properties have been selected from the top U.S. markets for international buyers and from the best U.S. developers; such as Trump and Related Group.
Due to our exclusive relationships with these developers and billions of dollars in client purchases, each of these properties come with some deep discounts and benefits passed on to our brokers clients. We would encourage you to look at the following information on new waterfront high rise condo's. Some being offered for less than replacement cost, and some are offered as the investment and second home purchases located at the Health and Lifestyle Resorts. As you take the uniqueness of the pricing before the rebound, the high profile properties, currency benefits, stability of the U.S. economy for investments, ease of purchase and one step shopping services it is obvious that now is the time to purchase in the U.S.
http://www.elocinnire.com
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