BREO to Support the Ownership of Business Real Estate

AUSTIN, TEXAS (PRWEB) September 19, 2006

The Business Real Estate Ownership (BREO) Council, a local nonprofit alliance of leading commercial real estate developers today announced its launch and mission to educate consumers that owner-occupied real estate is a viable alternative to leasing with added tax and investment advantages. The new group has been created to serve as a Central Texas resource on the benefits, availability and ease of business real estate ownership.

The council's resources inform local business and medical practice owners about the numerous, long-term advantages of owner-occupied real estate. Potential buyers, and their real estate representatives, can visit the BREO Web site to gain financial and legal information, access real estate news, and search the most up-to-date listings of business real estate available for purchase via the site's interactive map. The "Steps to Ownership" section of the site provides an acquisition timeline and clarifies the process of purchasing owner-occupied real estate.

"The purchase of business real estate provides the business proprietor with the advantages of equity and tax incentives, fixed expenses, custom interiors and an office located in proximity to clientele. BREO's mission is to inform consumers that owner-occupied real estate is a viable alternative," says BREO President Scott Morledge, "which provides the added benefit of investment potential."

BREO was founded by leading developers and related professionals in May 2006. Founding members include: officers Scott Morledge, Ash Creek, Inc.; George McCanse, Colliers Oxford Commercial; Scott Taylor, LandCreek Development; and Benita Dryden, Dryden Commercial Real Estate, with the assistance of directors Doug Devine, PREMAS Commercial Realty Group, LLC; David Petrick, David Petrick Company; and Steve Scheffe, The Scheffe Group.

The nonprofit alliance has pooled their resources to bring awareness of the issues to consider when weighing the practical alternative of owning office space against commercial leasing. Purchasing office space offers business owners and medical professionals the advantages of investing and acquiring equity in Austin-area real estate while avoiding lease renewal increases, forced relocation and other uncertainties.

Typical entities interested in BREO's resources include physicians, and other medical practitioners, lawyers, architects, engineers, accountants, financial planners, insurance agents, trade groups and nonprofit organizations. Commercial real estate brokers will also benefit from BREO's centralized map-based web listing of available owner-user real estate in the central Texas area.

About BREO Council
BREO, the Business Real Estate Ownership Council, a local nonprofit alliance, serves as Greater Austin's central source of the latest information on business real estate ownership. The Council educates local business and medical communities about the tax and investment advantages of business real estate ownership. BREO provides a suggested acquisition timeline and resources to help expedite the process of purchasing business real estate. Potential buyers and commercial real estate brokers can visit the BREO Web site to gain financial and legal information, access business real estate news, and search the most up-to-date listings of business real estate available for purchase via the site's interactive map.

For additional information, please visit the BREO Council Web site at http://www.BREO.org

###