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OTC Percent Gainers - Today's Missed Opportunities, Find Tomorrow's OTC Momentum Stocks Today
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Daily Commentary and Profiled Companies |
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Excellency Investment Realty Trust Inc.
( OTCBB: EIVR )
Excellency Investment Realty Trust (EIVR) is in the business of acquiring and making profitable distressed real estate. In our two years of operation, we have acquired 8 multi-family residential properties with a total of 273 apartment units. We intend to be aggressive in acquiring additional properties that meet our criteria for stable and increasing cash flow and asset appreciation. We will look for investments in the multi-family residential, office and retail real estate markets.
Our long term goal is to find properties that are in good locations and of quality construction but are under performing due to cosmetic obsolescence, management failures or a lack of capital. Our intent is to acquire such properties at a discount, make the needed corrections and improvements and reap the attendant high returns.
We will concentrate our activities in major metropolitan areas of the US east coast and internationally in Serbia, Romania and Bulgaria. We believe these markets offer our shareholders the best rate of return due to their market and growth characteristics. The methods used in coming to this conclusion are described below.
When making investments in real estate properties, we consider relevant real property and financial factors, including the condition and location of the property, its income-producing capacity and the prospects for its long-term appreciation. Real estate properties under consideration are first subjected to a comprehensive due diligence review. A property must be in what we consider to be a quality market area within locations that provide stability and upside potential.
The market area is characterized as having current and long-term suitable demographic and economic conditions. We consider supply and demand factors and determine whether the capture rates in the primary and secondary market areas are within appropriate standards for the tenant base. We also consider the competitive advantage of the community as compared with competing properties in the same market area.
Location considerations include characteristics of the surrounding area and the suitability of the neighborhood services and amenities available to the tenant base. Property considerations include physical aspects of the property, its condition, quality of design and materials and its amenities.
In our determination of the stability of the properties operations, we consider the potential impact of rent growth, turnover, rent discounts, concessions and other factors that exist or may exist in the competitive environment.
Excellency Investment Realty Trust, Inc. Appoints New CFO
Daniel Norensberg Appointed Chief Financial Officer
Excellency Investment Realty Trust, Inc. www.excellencyrealty.com (OTCBB: EIVR), a real estate investment firm that specializes in acquiring distressed properties in both the residential and commercial markets, announced the appointment of Daniel Norensberg as the company's new Chief Financial Officer.
Mr. Norensberg is the President of ANG Group, Inc., a full service accounting, tax and business consulting company. For over ten years, Mr. Norensberg has practiced accounting with a specialty in tax planning and business consulting serving both private and public companies who engage in a wide array of businesses including broker-dealers and real estate investment groups. "The addition of Mr. Norensberg to the company is an important step in moving forward towards the goal of acquiring talented personnel that will enable the company to execute its business plan," said Mr. David Mladen, Chairman of Excellency.
About Excellency Investment Realty Trust, Inc.
Excellency Investment Realty Trust, Inc. is a real estate investment firm publicly traded on the OTCBB: under the symbol EIVR with offices at 245 Park Avenue 39th Floor NY, NY 10167. The strategy of the company is to purchase distressed properties that are in good locations but are underperforming due to cosmetic obsolescence, poor management or lack of capital. Excellency will then acquire these properties at a discount, make the necessary changes and transform them into high performing investments. David Mladen, the company Chairman, is an expert in identifying distressed properties and has been active in this market for over 25 years. The company currently owns 8 properties in Hartford, CT and is seeking to acquire additional properties nationwide. More information can be found on the company website at: www.excellencyrealty.com
Contact:
Ken Norensberg
Luxor Financial Group
29 Frost Lane
Lawrence, NY 11559
(347) 284-0110
SOURCE: Excellency Investment Realty Trust, Inc.
Capital Market LLC and/or OTC Momentum has not been compensated as of and may or may not be compensated in the future for profiled exposure for Excellency Investment Realty Trust Inc. (OTC BB: EIVR).
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