C.A. Development Resource, LLC - a successful real estate development fund commenced a $20MM raise this summer for the continued successful resale of distressed properties.
FOR IMMEDIATE RELEASE / PRURGENT
C.A. Development Resource, LLC - a successful real estate development fund commenced a $20MM raise this summer. The Company plans to expand its marketing and property development divisions. Officers of the company anticipate $35MM sales revenue for the 2012, a 20% increase in revenue from 2011. Despite the economic and housing climate of the last few years, the Company has remained profitable throughout the worst housing climate seen in decades.
Based on statistics provided by the California Association of Realtors (C.A.R.) the Company believes that the housing economy is slowly but steadily improving. Pre-foreclosure and foreclosure activity remains high in Los Angeles County, and as such distressed properties will continue to hit the market. While current foreclosure activity does remain high, it has experienced a decrease over the last three quarters. This creates an opportunity to purchase and resell distressed properties.
The Company focuses on micro-markets in higher end residential areas such as Malibu and Beverly Hills. These micro-markets are less susceptible to price fluctuations and present an opportunity to purchase under market-value property. The Company closely monitors all foreclosure activity in these target micro-markets and is therefore often able to purchase desirable projects with minimal competition.