Freshstart Properties is a real estate Company engaged in the purchase of foreclosures, abandoned homes, bank-owned, neglected and financially troubled properties. The Company purchases properties at discounted rates, develops them and sells at profits when the real estate markets firms up. The Company also leases out these properties for rental income to supplement their income and waits for the right time to sell these properties. The principles have been engaged in this business for the past ten years with strong presence in the Pacific northwestern part of United States.
Why Invest in Freshstart Properties, Inc.?
Strong Portfolio of Properties
Freshstart continues its strategy of identifying and purchasing properties that will generate respectable returns on its investments. To date, the company has acquired eight properties since it went public. All of the properties are located in the Pacific Northwest region. The acquired properties include single-family homes, homes on large parcels of land with development potential, and multi-family units. All properties are currently rented and are expected to provide above average ROI in the short term along with significant appreciation over the long-term.
Unlike much of the rest of the US real estate market, experts anticipate prices will remain firm in the Pacific Northwest region.
Rising Rental Rates in the Tacoma Region
The Tacoma region is experiencing an increase in rental apartments being converted in condominiums thus reducing the number of availble apartment units. This trend provides a good opportunity for Freshstart Properties to increase its rental rates on its current portfolio of rental properties.
Growth in Northwest Housing Markets
According to statistics provided for King and Pierce Counties, the real estate markets are expected to experience steady growth of approx. 5% going into 2008, while most parts of the country will experience a considerable slow down in appreciation and demand.
Expanding to Newer Markets
Freshstart Properties is expanding its national footprint by seeking acquisition of properties outside the Seattle-Tacoma area. In seeking to diversify it portfolio, the company is constantly evaluating properties across Washington state. The current turmoil in the markets present an excellent opportunity to move into other markets beyond Pierce and King county.
Experienced Management Team
Freshstart Properties has a very experienced management team led by Mr. Nazir Maherali who brings with him more than twenty-five years of experience in the real estate sector. He has worked in the real estate sector across three continents Africa, United Kingdom, and North America. For the past ten years, Freshstart's management has been buying, renovating, leasing, and selling properties in the Northwest. In that time, the company has developed a network of contacts in the Seattle-Tacoma real estate market and earned a reputation for improving neighborhoods by providing safe and affordable residences.
As a publicly traded entity with access to equity markets, Freshstart enjoys a competitive advantage over similar, privately-held entities operating in the same geographical market.
