I want to introduce you all to Michael, we met recently at FreedomFest and he is both amazing and knowledgeable. He has an extensive background in commercial real estate investing and is principal of Concordia Realty.
Concordia Realty specializes in shopping plazas and retail properties. They prefer to purchase operational commercial projects with existing income. They concentrate on strip shopping centers and they occasionally renovate or restructure existing commercial properties.
They have over a million square feet of retail space located in the Illinois, Indiana, and Michigan markets. Increasingly they are interested in Ohio and Wisconsin. They continually look for good opportunities and are working to expand into new areas.
Michael became involved in real estate shortly after college where he worked as a broker and then began working with a syndicator that owned shopping malls. In 1990, he started out on his own by founding Concordia.
They work primarily with hedge funds,...
Reed Goossens founded RSN Property Group here in the US and has been hitting it out the ballpark.
Reed compares the various real estate markets of the United States with his home country of Australia. He really encourages Americans to take advantage of the many opportunities that are available to those in the United States.
He has focused on second-tier properties in cities where there are strong demographics and productivity. These are places like Texas, North Carolina, and parts of Arizona. He has a background in structural engineering and project management which has helped him build a successful business.
He is involved in several significant apartment building acquisitions. They look for properties that have been well maintained and held for long periods of time in areas with strong demand. They want 90% occupancy and buildings that can get good financing options through Freddie and Fannie.
They keep rents just below market norms and in line with the typical economic...