we take investment properties to new heights
The general investment strategy is to locate under-managed, under-valued (and sometimes ugly) properties in growth areas of promising cities (“class C or class B building in a class B area”). This property will be acquired, impeccably managed, appropriately renovated and financed from the start or re-financed after approximately 9 to 15 months. The rents will have increased and therefore, the value of the building.
The building may be sold at a set exit point, approximately 35% to 80% above the purchase price, or at a pre-set point-in-time or as condominiums, or may be held long term for cash-flow purposes with liquidity events, depending on the specific project or pool. Prestigious Properties’ executives frequently invest their own money in conjunction with coinvestors’ money in addition to bank and/or seller financing. The return on investment for passive co-investors is targeted to be well over 15% per year, i.e. about 75% to over 100% in 4 to 5 years, but is frequently higher. The Prestigious Properties Group, founded in 2000, provides average or sophisticated investors with one-stop-shopping and excellent ROI (with optional cash-flow) in the 15-20% range/year, frequently higher.