LADERA RANCH, CA--(Marketwire - July 19, 2010) -
- G8 Capital has acquired 700 multi-family property units in Q2 within DFW's Metroplex -- one of the country's strongest apartment real estate markets;
- G8 Capital proves again it can quickly close with cash when sellers urgently need to liquidate
G8 Capital announced today that it has acquired three more multi-family apartment complexes in the Dallas/Fort Worth Metroplex; all of which were private deals, two closing in just one week. G8 Capital has now purchased nearly 700 units in the 2nd quarter of 2010 and plans to invest another $100 million in residential and multifamily properties this year. G8 Capital plans to pursue additional investments in Sun Belt states, including the Texas real estate market which currently has the strongest economic climate in the country.
G8 Capital will renovate and improve the assets, enhance the property management strategies, and stabilize the properties to qualify for long-term debt.
"Our experienced team has proven time and again our ability to quickly and efficiently negotiate real estate closings to meet sellers' needs, and which provide respectable returns for our investors," said Evan Gentry, president and CEO. "We are successfully negotiating deals in real estate markets throughout the country from the West Coast to Florida, and we look forward to pursuing future acquisitions in the Texas real estate market which offers long-term sustainability and growth."
In addition, G8 Capital has now completed more than 30 bulk acquisitions since inception in 2007, and has purchased more than 2,000 REO properties and residential whole loans nationwide from nearly all of the major banks and top servicers in the United States. G8 Capital is on track to invest more than $100 million during 2010 in "living component" assets, including residential and multifamily properties, condo developments and conversions, mobile home parks and senior living facilities.
About G8 Capital
G8 Capital (www.g8cap.com) is a prudent and disciplined investment firm focused on opportunity-based acquisitions of both residential and commercial real estate assets. G8 Capital acquires real estate and loan portfolios from financial institutions and other sellers that are looking to get fair value and timely execution.
Contact Information:
Contact:
Laurie Brooks
Media Coordinator
G8 Capital
714-474-3770