Residential real estate agency engaged in land development, design, construction, property operation and more: Community Redevelopment, Inc. (Ticker: CRDV)
Community Redevelopment, Inc. (OTCMKTS: CRDV)
– Garfield Antonio, President of the VAC
NAPLES, FLORIDA, UNITED STATES, October 26, 2021 /EINPresswire.com/ – Residential / industrial real estate agency engaged in land development, design, construction, real estate operation and more: Community Redevelopment, Inc. (Ticker symbol: CRDV)
Acquisition, development and management of multi-family and commercial properties.
Active redevelopment of communities in the Mid-Atlantic and Southeastern United States.
Plans to develop new properties through joint venture opportunities.
New program for managing high-performance and non-performing grades.
Full-service in-house brokerage plans in Metro Miami.
Interests in 6 properties in the Washington DC area, commercial, multi-family and mixed-use commercial portfolio.
Community Redevelopment, Inc. (OTC: CRDV) offers potential investors a significant opportunity to participate in the process of identifying and redeveloping entire communities and regional areas, through a publicly traded company. CRDV is a full-service real estate company with a management team with extensive experience in acquiring, developing, constructing and managing high quality multi-family and commercial properties in attractive markets across the Mid- Atlantic and the Southeastern United States, as well as the capital markets.
CRDV focuses on all aspects of the real estate development cycle, including land use planning, design-build, real estate operations and site redevelopment. In addition to owning its operating real estate portfolio, CRDV plans to develop and construct desirable properties on its own behalf and through joint ventures with affiliated and unaffiliated partners.
CRDV focuses on community development in urban and suburban markets and its mission is to integrate its proprietary business model by delivering sustainable, long-term value to investors as the company strives to provide opportunities to improve neighborhoods with residential, commercial and industrial development projects. while designing communities and commercial structures that are architecturally pleasing, clean and energy efficient.
Launch of the performance and non-performance grade management program
On October 12, CRDV announced the launch of its performance and non-performing ticket management program. CRI FourOne Ventures LLC, majority owned by CRDV, will purchase high-performing and non-performing residential and commercial mortgage notes and engage in negotiations and training sessions with mortgage holders.
The performance and non-performing ticket management program complements CRDV’s existing real estate development and brokerage plans. CRI FourOne Ventures LLC intends to purchase Mortgage Notes at a price lower than the outstanding debt owed on the Mortgage Note and to develop these assets.
CRDV’s CRI FourOne Ventures LLC will primarily focus on real estate bonds secured by mortgage and promissory note, which are held by financial institutions and institutional funds. These significant discounts will be the first step in creating overall profit margins. CRI FourOne Ventures LLC will provide many strategies to get these assets to perform again or will foreclose when there are no other options to liquidate the asset at a profit. Through CRI FourOne Ventures LLC, CRDV will maintain strong relationships with industry leaders in various fields to purchase ticket portfolios at very competitive rates. Ultimately, as financial institutions sell distressed tickets, this provides an opportunity to invest in real estate without actually having to manage the property secured by the debt.
Plans for a full-service in-house real estate brokerage service
On September 27, CRDV announced plans to open a full-service in-house real estate brokerage service in the Miami metro area with a commercial and residential division. The newly formed brokerage house will specialize in residential sales and provide commercial real estate investment services to maximize value for clients.
The mission of the VAC brokerage will be to ensure that the entire process of acquiring, selling and renting a property is positive for all parties involved: buyers, sellers and real estate agents. CRDV plans to provide commercial and residential real estate brokerage services with targeted expertise in the acquisition and disposal of multi-family, mixed-use, retail, land and office assets as well as residential property for sale (homes single family homes, townhouses, vacation homes and condominiums).
Each of CRDV’s experienced real estate agents will benefit from the professional support of the organization to benefit all types of real estate transactions in Florida and beyond. The main market served will be the State of Florida, with particular emphasis on Aventura, Bal Harbor Bay H, Boca Raton, Coral Gables, Downtown / Brickell, Fort Lauderdale, Golden Beach, Hallandale Beach, Hollywood, Kendall, Key Biscayne, Miami Beach, Miramar, North Miami & Beaches, Palm Beach, Pembroke Pines, Pinecrest, Sunny Isles Beach, Surfside and Weston.
Miami-Dade County real estate recorded its best July selling month in history, according to the Miami Association of Realtors and the Multiple Listing Service System, due to pent-up demand, more US individuals and businesses relocating to South Florida and record mortgage rates. fueled record transactions. Miami-Dade County total home sales jumped 57.7% year-on-year in July 2021, from 2,303 sales to 3,632. Single-family home transactions in Miami increased 15%, from 1 194 to 1,373. Sales of existing condos in Miami increased 103.7%, from 1,109 to 2,259. A new report from Realtor.com indicates that the Miami-Fort Lauderdale-West Palm Beach area is the The country’s third fastest growing rental market among metropolitan areas. The average rent in August was $ 2,432, up 27% from the same period last year. Currently, lack of inventory appears to be the only negative attribute of the South Florida real estate market.
Merger agreement to acquire interests in 6 properties in the Washington DC area Commercial, multi-family and mixed-use commercial real estate portfolio
On September 20, CRDV announced that it had signed a merger agreement whereby it acquired a portfolio of interests in six retail, multi-family and mixed-use commercial properties in the Washington, DC metro area. All properties are both partially occupied and under continuous development. CRDV sought out this off-market opportunity and leveraged its reputation as a strong and credible buyer, which includes experienced senior executives, to facilitate an expedited close.
Myron Jones, Head of Development at CRDV, said: “The acquisition of these six premier commercial properties underscores our core investment criteria, which are quality real estate well positioned in markets and demographics at. strong growth, anchored by solid and stable tenants. Mr. Jones continued, “In the years to come, we believe that the acquisition and development of Class A investment assets in prime neighborhoods will generate strong returns.
For more information on Community Redevelopment Inc. (OTC: CRDV) visit www.comredev.com.
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Garfield Antonio, President of the VAC
Community Redevelopment, Inc.
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