In my last blog, I wrote about extending the American Dream to average folks who didn’t have a lot of money to invest.

That dream – for most of this country’s great history – has centered on owning a home. But with the sub prime issues, some are questioning whether or not that dream is real.

Of course owning a home is only part of building wealth. Despite all the doom and gloom being reported about real estate (I can’t help but be reminded of the great Mark Twain quote, “Reports of my death have been greatly exaggerated” after hearing his death had been published in a newspaper.), commercial real estate is seeing cash returns of 5% to 8%.

Of course that’s not guaranteed and those returns aren’t without some risk. But I believe the risk-reward ratio is very good for commercial real estate.

What’s more, analysts have not reported any material reduction in commercial real estate rents.

So in my estimation, the dream is very much alive, attainable and most certainly real. And I believe commercial real estate is doing its part to keep it alive.

Labels: cbre, commercial, dividends, investing, ray wirta

One of the most satisfying aspects of starting a new venture is reaching milestones – especially milestones that pertain to sales.

We’ve just hit the two-thirds sold mark in Firewheel Village.

This is particularly rewarding because it shows me investors see the value in our offering. And that’s the heart of what I envisioned when I began creating Nexregen – value, especially for the investor who doesn’t have a lot of money to invest.

When I was Chief Executive Officer of the largest real estate services company in the world, CB Richard Ellis (CBRE), I regularly saw very wealthy investors make millions from their investments in commercial real estate.

So when I began brainstorming for Nexregen, my goal was to build a legacy of broadening possibilities for average folks to realize the American Dream.

And now, with this milestone, I can see this all coming together. It’s exciting – not only for me, but for our investors, too.

Labels: cb richard ellis, cbre, commercial, commercial real estate, milestones, millions, ray wirta

The more twists and turns I read about in the stock market these days, the more I am reminded about my entrance into investing. I was just 22-years-old, a tanned surfer just out of California State University looking to hook into the American dream. My first investment was in a little four-plex in California. Even though I had a degree, I didn’t have much money or experience, nor did I have a true understanding of investing. Still, I took the plunge and I’ve never regretted it for one second.

The decision to invest gave me enough footing to start my journey through a wonderful and productive life. From that moment on I have been captivated by this industry and what it has offered me: wealth, happiness and plenty of stimulation. I am living the American Dream.

Leading up to creating NEXREGEN, I often think back to the days when I invested in that four-plex. It was the foundation for opening the door of opportunity to all who think investing is only for the rich and privileged. It is not. NEXREGEN is proof.

Labels: cb richard ellis, cbre, commercial, commercial real estate, firewheel, investing, investment, nexregen, properties, ray wirta

Well, we are off and running. It has been a long and interesting process getting this first offering registered with State Securities Board. To the Board's credit, all of their questions / comments / suggestions to the actual Prospectus were good ones but boy, it sure took a while. I think that Nexregen's offering methods, via advertising and the internet, are such a new and novel approach that the Board really had to think the whole thing through, thoroughly. They did a good job and are excellent watchdogs for the public's interest.

This is an exciting time for us. We have been thinking about this concept for almost two years now. Putting a brand new idea actually into action is like having a baby (hey, us dads are part of the process too). All of the anxiety and benchmarks and the tracking of the weeks and months. So many things that have to come together just right.

Of course, our work is just beginning. We take very seriously our responsibility to our investor clients. We want our communication to be clear, on time, accurate and transparent. We want our investment to succeed so our clients come back for more. We are up to the task.
Let's Build Wealth Together. This is not just a gimmick. This is our mantra.

Harold@nexregen.com

Labels: cb richard ellis, cbre, commercial real estate, firewheel, investment, nexregen, properties, ray wirta