Dallas, TX (PRWEB) October 9, 2007
Ray Wirta, former CEO and current vice chairman of CB Richard Ellis (NYSE:CBG), the world's largest real estate services company, announces the creation of a proprietary new web-based system through which smaller investors in Texas can own commercial real estate property.
Wirta will be in Dallas on Oct 9th to launch his first commercial real estate investment opportunity located within the highly successful Firewheel area of Garland.
Wirta, 63, has over forty years of real estate experience. His web-based system, http://www.Nexregen.com/01_ourcompany.aspx, is being made available through Nexregen, a company Wirta founded so smaller investors could affordably enter the commercial real estate market. There are no brokerage fees.
For as little as $2,500 smaller investors can purchase securities representing ownership in income-generating property. "Unlike investing in residential real estate, commercial real estate pays you in two ways," Wirta said. "First, quarterly checks for as long as you own the property. Second, owners receive a check when the property is sold."
"There is a growing market of younger investors that want nontraditional yet profitable ways to invest their money," said Wirta. "Nexregen is the first company to make an opportunity like this available to the public online."
Historically, smaller investors interested in buying real estate were limited to purchasing a portfolio of properties through mutual funds or public or private REITS (Real Estate Investment Trusts). They could not purchase individual properties.
Through Nexregen, registered users will be able to view featured properties for sale online and download vital information such as property descriptions, site plan, photos, aerial views, local
demographics, prospectus, and tenant roster. They can also drive by the site to see it for themselves.
Offers of securities are made only by prospectus, which contains a discussion of risks involved in making the investment. The prospectus can be viewed by Texas residents who register at the Nexregen website: http://www.Nexregen.com.
For more information go to http://www.Nexregen.com or call 1-888-749-3026.
Wirta and partners founded Nexregen on the principle that individual investors should be empowered to make their own investment choices and have available the same real estate opportunities typically reserved for high net worth individuals and institutions. The company's name, Nexregen, was developed from a combination of words that mean the Next Real Estate Generation of investors. "We want to reach the working person who may not have been able to access the housing market, but nevertheless can still realize the benefits of including real estate in their investment portfolio."