To raise money for the project, Pretium Partners sent confidential invitations to people wealthy enough to put up at least $2 million. Executives projected annualized returns of 15 to 20 percent, according to a 238-page solicitation to investors in 2012. In total, Pretium Partners raised more than $1 billion, and the resulting real estate venture became Progress Residential.
The venture would “capitalize on the severe distress in the residential real estate market in the United States,” according to the pitch memo. The homes would be rented to families “who have been displaced by foreclosure or are otherwise unable to obtain financing despite being able to afford a home purchase.”
Within two hours of the listing, Progress can make an offer.
One is speed.
Within 15 minutes of a house appearing on the Multiple Listing Service real estate database, the company’s computers assess whether it should be flagged for review by the company’s acquisition team, Chaz Mueller, then Progress Residential’s CEO, said in an interview on the “Leading Voices in Real Estate” podcast earlier this year.
Within two hours of the listing, Progress can make an offer.
The Progress business plan specified that the fund preferred homes built in the last 15 years and priced between $70,000 and $190,000.
“The common characteristics … will be suburban locations, family oriented neighborhoods, low crime rates and close proximity to good schools and employment opportunities,” according to the solicitation to investors.
The Nashville area is rich with such housing. La Vergne, an outer suburb on the shores of a scenic reservoir, has seen its population more than quadruple since 1990, growing to more than 35,000 residents. On Tammy Sue Lane and some other streets in La Vergne, the landscape still looks freshly cleared — if a yard has trees, they’re often spindly.
https://www.washingtonpost.com/business/interactive/2021/investors-rental-foreclosure/?itid=hp-top-table-main
To raise money for the project, Pretium Partners sent confidential invitations to people wealthy enough to put up at least $2 million. Executives projected annualized returns of 15 to 20 percent, according to a 238-page solicitation to investors in 2012. In total, Pretium Partners raised more than $1 billion, and the resulting real estate venture became Progress Residential.
The venture would “capitalize on the severe distress in the residential real estate market in the United States,” according to the pitch memo. The homes would be rented to families “who have been displaced by foreclosure or are otherwise unable to obtain financing despite being able to afford a home purchase.”
One is speed.
Within 15 minutes of a house appearing on the Multiple Listing Service real estate database, the company’s computers assess whether it should be flagged for review by the company’s acquisition team, Chaz Mueller, then Progress Residential’s CEO, said in an interview on the “Leading Voices in Real Estate” podcast earlier this year.
Within two hours of the listing, Progress can make an offer.
The Progress business plan specified that the fund preferred homes built in the last 15 years and priced between $70,000 and $190,000.
“The common characteristics … will be suburban locations, family oriented neighborhoods, low crime rates and close proximity to good schools and employment opportunities,” according to the solicitation to investors.
The Nashville area is rich with such housing. La Vergne, an outer suburb on the shores of a scenic reservoir, has seen its population more than quadruple since 1990, growing to more than 35,000 residents. On Tammy Sue Lane and some other streets in La Vergne, the landscape still looks freshly cleared — if a yard has trees, they’re often spindly.
应该有一个小高潮。和08年肯定没法比。
只要最后吃亏的告不到WXC，网管才不管呢。
还有。。咱就不能互相拆台嘛？好歹也是假冒的马甲。