Four Rivers' Genesis Fund is acquiring buildings leased to Firestone, CVS Pharmacy, Taco Bueno, McDonald's and other firms."We bought a Brookshire's supermarket in Lake Worth west of Fort Worth," Schoellkopf said. "We are looking for deals that have a value-add storyline."Founded by Schoellkopf and his partner James Mason, Four Rivers Capital has invested in a variety of real estate ventures.It's a partner with the Weir family in the redevelopment of the Weir's Furniture block in Dallas' Knox Street district on the edge of Highland Park. "James mason and I started out buying single-tenant properties and restructuring the leases and flipping them," Schoellkopf said. "There is a lot of competition out there looking for assets like this."We are planning to continue to do this and when we invest all the equity we plan to do a second fund." … [Read more...] about Dallas real estate investor looking for $250 million in property buys
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Land slated for The Preserve, a development with 110 homes at Eastland and Pole Line roads at the Snake River Rim Trail. The Preserve is a project by developer Gerald Martens. Photo by Teya Vitu. Builder David Scaggs has been surprised lately to find land in Twin Falls isn’t any cheaper than it is in the Treasure Valley, even though the latter is widely regarded as a national growth hotbed. In some cases, Scaggs, owner of Boise-based Summit Development, said he’s had to a pay more for Twin Falls land, compared with the cost of land in the Boise area. Scaggs believes property owners have a good understanding of what their land is worth and doesn’t believe the area’s land is overvalued at the moment. The problem, in his view, is that appraisals of finished developments in Twin Falls have been greatly undervalued. “It’s an uncharted area right now,” Scaggs said. In smaller communities, such as Twin Falls, Scaggs explained there are often no … [Read more...] about Need to buy land? Don’t look for bargains in Twin Falls
Russ Wiles The Republic | azcentral.com Published 10:30 p.m. UTC May 24, 2018 Millions of Americans who own rental homes count on the income they receive from rent but may not know how they stack up as investments. A new study might change that. Single-family homes in large U.S. cities have generated returns of about 9% annually on average, according to the study, which examined results from 1986 to 2014. That would make rental homes almost as potentially lucrative as stocks and considerably more so than bonds, deposit accounts and other conservative instruments. Single-family rental homes are worth an estimated $2.3 trillion. That 9% historic return was higher than I would have thought but isn’t a huge surprise. Yes, there are risks But becoming a landlord isn't without its risks — from deadbeat tenants and periodic market slumps to changing tax laws and natural disasters. The researchers included both income/rents and capital gains to … [Read more...] about Looking for new investment? Owning rental home almost as lucrative as stock market
Brookline-based Newman Properties has acquired 346 Union St., a mixed-use building in Rockland, for $2.7 million. Winchester Savings Bank provided acquisition financing. Marcus & Millichap’s Boston office represented the seller. Known as the Rice Building, the property contains 20 apartments and three commercial units. Newman Properties’ portfolio includes apartment complexes in Hyannis, Buzzards Bay, Plymouth, Abington and Whitman totaling more than 500 units. Related articles:Brookline Investor Looks for South Shore AcquisitionsPersonnel FileHeller Named CFO At Winchester SavingsWells Fargo Problem Loans Jump 62 Percent, Driven By Energy Tags: Newman Properties, Rice Building, Winchester Savings Bank … [Read more...] about Brookline Investor Buys Rockland Property for $2.7M
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