Arizona Acquisition Fund CBI Group Enables Canadian Investors To Buy Undervalued Phoenix Real Estate
June 10, 2008 · Published By Admin
CBI Group launches Arizona Acquisition Fund to purchase Undervalued Phoenix Real Estate for Canadian Investors.
CBI Group, the new face of Keystone Real Estate Investments, has announced the launch of a fund that will allow Canadian investors to profit from the downturn of the Phoenix Arizona housing market. The Arizona Acquisition Fund will raise up to 12.5 million (Cdn) to purchase approximately 175 single-family homes in the Phoenix area over the next 12 months.
The Arizona Acquisition Fund is an opportunity for Canadian investors to enhance and diversify their portfolios without the traditional hassles associated with foreign real estate investments. Institutional financing, tenant prospecting, property management and sales processes will handled by CBI Group and their extensive network of Phoenix Arizona Real Estate industry experts residing in Phoenix area.
“Most Canadians are starting to realize that we have ideal market conditions to invest in the U.S. thanks to a strong Canadian dollar and extremely low home prices due to the sub prime mortgage crisis. The Phoenix market remains an area of interest for baby boomers, so we expect that it will produce the greatest profit when it recovers over the next five years.” explains Travis Cadman, co-founder of CBI Group.
For a minimum RRSP eligible investment of $10,000 investors in the Arizona Acquisition Fund will receive a 6% annual bond interest that will be disbursed as cash flow permits as well as a share in 60% of net profits when the homes are sold.
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