NEXREGEN’s Commercial Real Estate investment weathers credit storm, 2/3 interests already sold
DALLAS, TX (April 14, 2008) - Although the credit crunch has caused investor anxiety, some real estate investments are still solid. Nexregen™, a new online commercial real estate portal through which smaller investors can own commercial real estate property, has already sold 2/3 of its interests to buyers.
Within a few clicks of a mouse and a $2500 investment, buyers now own shares in a 148,000 square foot shopping center in the highly successful Firewheel area of Garland, Texas.
Nexregen™, a combination of words which mean the next real estate generation, is a proprietary web-based system through which registered users are able to view featured properties for sale online and download vital information such as property descriptions, site plans, photos, aerial views, local demographics, prospectus, and tenant rosters. They can also drive by the site to see it for themselves.
“We believe that if given the right information buyers can make their own purchasing decisions online without the help of commissioned-based brokers”, said Ray Wirta, founder of Nexregen™ and former CEO of CB Richard Ellis, the largest real estate services firm in the world.
Nexregen’s™ commercial property is being offered through a private REIT with shares still available for purchase.
Wirta and partners founded Nexregen™ on the principle that individual investors should be empowered to make their own investment choices and have available the same real estate opportunities typically reserved for high net worth individuals and institutions.
According to a recent study released by Deloitte Consulting LLP, commercial real estate remains a viable investment option for those seeking to diversify and insulate their portfolios.
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The study, entitled 2008 Real Estate Capital Markets Industry Outlook: Top Ten Issues, says the commercial real estate industry is in a strong position to withstand recession, should one occur. “Commercial real estate remains comparatively attractive with solid underlying fundamentals, plentiful capital and steady allocations.”
“Nexregen’s offerings are designed to withstand the volatile credit environment and minimize risks of investors”, Wirta said. “When we bought the Firewheel Village property last May and put it into inventory for our REIT investors, we placed a mortgage loan on the property that is very favorable in light of current credit market conditions. So, the volatile credit market has no influence on our Firewheel Village investment”.
*Offers of securities are made only by Prospectus, which contains a discussion of risks involved in making the investment. The Prospectus can be viewed by Texas residents who register on the Nexregen.com website.
More Information about Nexregen™ can be obtained at http://www.nexregen.com, or call 1-888-749-3026.
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