Real estate agency engaged in planning, design, construction and more
Residential real estate agency engaged in land development, design, construction, property operation and more: Community Redevelopment, Inc. (Ticker: CRDV)
Community Redevelopment, Inc. (OTCMKTS: CRDV)
– Garfield Antonio, President of the VAC
NAPLES, FLORIDA, USA, October 26, 2021 /EINPresswire.com/ – Residential / industrial real estate agency engaged in land development, design, construction, real estate operations and more: Community Redevelopment, Inc. (Ticker symbol: CRDV)
Acquisition, development and management of multi-family and commercial properties.
Active redevelopment of communities in the Mid-Atlantic and Southeastern United States.
Plans to develop new properties through joint venture opportunities.
New program for managing high-performance and non-performing grades.
Full-service in-house brokerage plans in Metro Miami.
Interests in 6 properties in the Washington DC area, commercial, multi-family and mixed-use commercial portfolio.
Community Redevelopment, Inc. (OTC: CRDV) offers potential investors a significant opportunity to participate in the process of identifying and redeveloping entire communities and regional areas, through a publicly traded company. CRDV is a full-service real estate company with a management team with extensive experience in acquiring, developing, constructing and managing high quality multi-family and commercial properties in attractive markets across the Mid- Atlantic and the Southeastern United States, as well as the capital markets.
CRDV focuses on all aspects of the real estate development cycle, including land use planning, design-build, real estate operations and site redevelopment. In addition to owning its operating real estate portfolio, CRDV plans to develop and construct desirable properties on its own behalf and through joint ventures with affiliated and unaffiliated partners.
CRDV focuses on community development in urban and suburban markets and its mission is to integrate its proprietary business model by delivering sustainable, long-term value to investors as the company strives to provide opportunities to improve neighborhoods with residential, commercial and industrial development projects. while designing communities and commercial structures that are architecturally pleasing, clean and energy efficient.
Launch of the performance and non-performance grade management program
On October 12, CRDV announced the launch of its performance and non-performing ticket management program. CRI FourOne Ventures LLC, majority owned by CRDV, will purchase high-performing and non-performing residential and commercial mortgage notes and engage in negotiations and training sessions with mortgage holders.
The performance and non-performing ticket management program complements CRDV’s existing real estate development and brokerage plans. CRI FourOne Ventures LLC intends to purchase Mortgage Notes at a price lower than the outstanding debt owed on the Mortgage Note and to develop these assets.
CRDV’s CRI FourOne Ventures LLC will primarily focus on real estate bonds secured by mortgage and promissory note, which are held by financial institutions and institutional funds. These significant discounts will be the first step in creating overall profit margins. CRI FourOne Ventures LLC will provide many strategies for these assets to perform again or will foreclose when there are no other options to liquidate the asset at a profit. Through CRI FourOne Ventures LLC, CRDV will maintain strong relationships with industry leaders in a variety of areas to purchase ticket wallets at deeply discounted rates. Ultimately, as financial institutions sell distressed tickets, this provides an opportunity to invest in real estate without actually having to manage the property secured by the debt.
Full-service internal real estate brokerage plans
On September 27, CRDV announced plans to open a full-service in-house real estate brokerage service in the Miami metro area with a commercial and residential division. The newly formed brokerage house will specialize in residential sales and provide commercial real estate investment services to maximize value for clients.
The mission of the VAC brokerage will be to ensure that the entire process of acquiring, selling and renting a property is positive for all parties involved: buyers, sellers and real estate agents. CRDV plans to provide commercial and residential real estate brokerage services with targeted expertise in the acquisition and disposal of multi-family, mixed-use, retail, land and office assets as well as residential property for sale (homes single family homes, townhouses, vacation homes and condominiums).
Each of CRDV’s experienced real estate agents will benefit from the professional support of the organization to benefit all types of real estate transactions in Florida and beyond. The main market served will be the State of Florida, with particular emphasis on Aventura, Bal Harbor Bay H, Boca Raton, Coral Gables, Downtown / Brickell, Fort Lauderdale, Golden Beach, Hallandale Beach, Hollywood, Kendall, Key Biscayne, Miami Beach, Miramar, North Miami & Beaches, Palm Beach, Pembroke Pines, Pinecrest, Sunny Isles Beach, Surfside and Weston.
Miami-Dade County real estate reported its best July sales month in history due to pent-up demand, more large number of American individuals and businesses relocating to South Florida and record mortgage rates. fueled record transactions. Miami-Dade County’s total home sales jumped 57.7% year-on-year in July 2021, from 2,303 sales to 3,632. Single-family home transactions in Miami increased 15%, from 1 194 to 1,373. Sales of existing condos in Miami increased 103.7%, from 1,109 to 2,259. A new report from Realtor.com indicates that the Miami-Fort Lauderdale-West Palm Beach area is the The country’s third fastest growing rental market among metropolitan areas. The average rent in August was $ 2,432, up 27% from the same period last year. Currently, lack of inventory appears to be the only negative attribute of the South Florida real estate market.
Merger agreement to acquire interests in 6 properties Washington DC area commercial, multi-family and mixed-use commercial real estate portfolio
On September 20, CRDV announced that it had signed a merger agreement whereby it acquired a portfolio of interests in six retail, multi-family and mixed-use commercial properties in the Washington, DC metro area. All properties are both partially occupied and under continuous development. CRDV sought out this off-market opportunity and leveraged its reputation as a strong and credible buyer, which includes experienced senior executives, to facilitate an expedited close.
Myron Jones, Head of Development at CRDV, said: “The acquisition of these six premier commercial properties underscores our core investment criteria, which are quality real estate well positioned in markets and demographics at. strong growth, anchored by solid and stable tenants. Mr. Jones continued, “In the years to come, we believe that the acquisition and development of Class A investment assets in prime neighborhoods will generate strong returns.
For more information on Community Redevelopment Inc. (OTC: CRDV), visit www.comredev.com.
DISCLAIMER: CAP / FrontPageStocks / CorporateAds.com (CA) is a third party publisher and provider of news delivery services. CAP / FPS / CA is not affiliated in any way with any company mentioned in this document. CAP / FPS / CA is a newscasting solutions provider and is NOT a registered broker / trader / analyst / advisor, does not hold any investment license and cannot sell, offer to sell or offer to buy any title. CAP / FPS / CA’s market updates, news alerts and company profiles do NOT constitute a solicitation or recommendation to buy, sell or hold any securities. The material in this release is intended for informational purposes only and should NEVER be construed or construed as research material. All readers are strongly encouraged to conduct research and due diligence on their own and consult with a licensed financial professional before considering investing in any stocks. All material included in this document is republished content and details that were previously released by the companies mentioned in this release or the opinion of the author. CAP / FPS / CA is not responsible for the investment decisions of its readers or subscribers. Investors are cautioned that they may lose all or part of their investment when investing in stocks. CAP / FPS / CA has been compensated $ 500 by a third party for the dissemination of this article.
Disclaimer / Safe Harbor:
These press releases and publications may contain forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that one of the companies mentioned in this document will make significant sales, failure to meet the schedule or performance requirements of the companies’ contracts, the liquidity position of the companies, the capacity companies to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In light of these uncertainties, the forward-looking events mentioned in this press release may not occur.
Garfield Antonio, President of VAC
Community Redevelopment, Inc.
write us here