More Properties for Sale
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By Number 1 Geek in General Published: Friday, 09 May 08 - 01:10 PM (GMT -06:00) Last Updated: Wednesday, 09 July 08 - 01:52 PM (GMT -06:00) |
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In case you have not heard, our selling spree has not ended. No, we are not getting out of the business, but we are trying to make things easier to manage and not have so many small properties spread out all over the place. We are also trying to get away from 2nd level management of most of our properties and instead invest with equity partners or buy into other firms projects.
In addition, Steve wants to test a new concept of combining real estate and tech products into a joint portfolio and in order to do this he wants to get into some guaranteed cash flow projects - this is where the developer 'guarantees' a minimum cash flow which is based on the cumulative principal similar to preferred stock of public companies.
So here are the locations of what is on the block currently. Email back if you have any interest in knowing more.
- State St. Ankeny, IA. Five 8-unit buildings whole block. Sell separate or all.
- Belmont Av. Ankeny, IA. Four 12 unit buildings (not all adjacent)
- The Plaza Kansas City. Four newer luxury condos
- SV Rd. Mahim Bombay (India) - 6 unit co-op (condo)
- Plano Parkway, Dallas TX. 1/20th TIC share of 250 unit corp housing apts.
- University Park, Waterloo Ontario (Canada) - 12 unit student housing suites
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