Since late June/early July of 2011 I have been "opening up contacts" to the Real Estate Investment Trusts and Hedge Funds. They are a precarious bunch when it comes to Multi Family Properties (MFPs) and knowing up front a few things will help those of you who might be interested, OR have had zero Luck! What I'm interested in is finding out if any of you out there are interesting in pursuing this avenue. If you are then contact me and I can aid your pursuit. They are in a rock and a hard place and it's important to know Their concerns. For example: While they all have Websites, they are also Isolationists by nature. They have all of the "side lined" money in the financial markets, all the wealth is sitting in these instruments/companies. $100 million dollars in Cash is a "small fund" with 1/2 billion more like the low end of the average. Most sit on 4 Billion I'm guessing is the Average. Also, know there are about 7,000 of them and 3,200-3,300 are American companies, but most of them all have offices in Chicago & New York City.. but these addresses are seldom found on their websites. Some have no more then 30 employees while companies like Equity Residential, now down to #3 in the WORLD from #1 (Nov, 2011) have 4,000 plus!
I will post something new about them every week but I'm open to sooner if there is response and/or interest.
I have a team assembled for finding properties for these behemoths here in the United States. They ONLY will look at Off Market/Un listed properties and that does NOT mean REOs. Those looking at Hotels are used to REOs. But REOs and Complexes have Brokers assigned like homes and they do NOT like working with Brokers and even say so on their Websites. Still, they often have no choice. They have oodles and oodles of Cash and they MUST get it working. One I talked to recently was closing 6 properties for almost $200m the following week! These deals also carry an average of a 3% fee attached in a separate COMPENSATION AGREEMENT. It is seldom they will accept signing an NCND or NdA that have such agreement in a clause within them... Also, know your Role & Title for paperwork: You are either a Consultant if you are the one who is Direct to the Buyer, and all others are Intermediaries. This is important. You are EXPECTED to know these things.
So I'll stop here for now. Let me know if anybody out there has an interest.
Since late June/early July of 2011 I have been "opening up contacts" to the Real Estate Investment Trusts and Hedge Funds. They are a precarious bunch when it comes to Multi Family Properties (MFPs) and knowing up front a few things will help those of you who might be interested, OR have had zero Luck! What I'm interested in is finding out if any of you out there are interesting in pursuing this avenue. If you are then contact me and I can aid your pursuit. They are in a rock and a hard place and it's important to know Their concerns. For example: While they all have Websites, they are also Isolationists by nature. They have all of the "side lined" money in the financial markets, all the wealth is sitting in these instruments/companies. $100 million dollars in Cash is a "small fund" with 1/2 billion more like the low end of the average. Most sit on 4 Billion I'm guessing is the Average. Also, know there are about 7,000 of them and 3,200-3,300 are American companies, but most of them all have offices in Chicago & New York City.. but these addresses are seldom found on their websites. Some have no more then 30 employees while companies like Equity Residential, now down to #3 in the WORLD from #1 (Nov, 2011) have 4,000 plus!
I will post something new about them every week but I'm open to sooner if there is response and/or interest.
I have a team assembled for finding properties for these behemoths here in the United States. They ONLY will look at Off Market/Un listed properties and that does NOT mean REOs. Those looking at Hotels are used to REOs. But REOs and Complexes have Brokers assigned like homes and they do NOT like working with Brokers and even say so on their Websites. Still, they often have no choice. They have oodles and oodles of Cash and they MUST get it working. One I talked to recently was closing 6 properties for almost $200m the following week! These deals also carry an average of a 3% fee attached in a separate COMPENSATION AGREEMENT. It is seldom they will accept signing an NCND or NdA that have such agreement in a clause within them... Also, know your Role & Title for paperwork: You are either a Consultant if you are the one who is Direct to the Buyer, and all others are Intermediaries. This is important. You are EXPECTED to know these things.
So I'll stop here for now. Let me know if anybody out there has an interest.