New Western joins Jacksonville real estate market with ambitious goal to revitalize $590 million in affordable housing
The company further expands its footprint in Florida by opening its 4th Florida office
JACKSONVILLE, Florida., July 18, 2022 /PRNewswire/ — new westernthe nation’s largest private source of distressed residential investment properties, today announced the opening of its fourth Florida office, located at Jacksonville. This is the 48th office opening for the real estate market connecting local investors looking to rehabilitate homes with sellers.
“Jacksonville is the most populous city in the state of Florida and continues to experience levels of growth with businesses and people moving into the area in droves,” said kurt carlton, co-founder and president of New Western. “The market is ready to see an explosion in investment activity and we look forward to giving Jacksonville investors to revitalize old properties.”
New Western brings market insight and an exclusive distressed investment property inventory marketplace to help real estate investors acquire properties in need of repair. The company’s agents are helping address the affordable housing shortage by revitalizing struggling homes across the United States, with more than 618,000 older properties in the Jacksonville metropolitan area alone and just over 67% built before 2002. A recent report analyzing US Census data shows that there are 16 million vacant homes in the United States
Brian Neal is the Chief Executive Officer (CEO) who leads the Jacksonville office, alongside the regional director Mike Valerio. In his new role, Neal is responsible for recruiting, hiring, training and leading his team to revitalize $590 million in residential properties Jacksonville region over the next five years.
“Jacksonville will be an incredible market for New Western. Median home prices are lower than other major cities in the Floridawhich makes it extremely affordable for investors,” Neal said. “We look forward to playing a central role in the development of the Jacksonville region and its community. »
Neal started his career with New Western in 2020 in his Phoenix office as Director of Sales, where he successfully led market sales as the top acquisition agent and top overall volume for 2021. In 2022, New Western asked Neal to open its Jacksonville Desk. The new office is located at 25 North Market Street, Suite 300B, Jacksonville, Florida.
New Western is the nation’s largest private source of investment property. Since 2008, New Western has bought and sold nearly $12 billion in residential real estate.
About the new western
New Western is making real estate investing more accessible to more people. Operating in most major cities, our marketplace connects over 100,000 local investors looking to rehab homes with sellers. As the nation’s largest private source of investment properties, we buy a home every 13 minutes. New Western offers new opportunities for everyone: a fresh start for sellers, exclusive inventory for investors, and affordable homes for buyers. For more information, visit www.newwestern.com.
SOURCE New Western