New Majestic Properties Division Caters to Opportunity Funds and Deep-Value Buyers

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Miami-based Majestic Properties, a leading full-service real estate company with more than $5 billion in sales since its inception in 1995, recently announced the launch of "Majestic Solutions", a division established to strategically guide investors, real estate developers, banks and other deep-value buyers through the complicated maze of real estate investment opportunities present in today's South Florida condominium market.

Miami-based Majestic Properties, a leading full-service real estate company with more than $5 billion in sales since its inception in 1995, recently announced the launch of "Majestic Solutions", a division established to strategically guide investors, real estate developers, banks and other deep-value buyers through the complicated maze of real estate investment opportunities present in today's South Florida condominium market. "Majestic Solutions" is comprised of seasoned financial and real estate experts hailing from the Northeast, West Coast Europe and Latin America, inclusive of Founder and CEO Jeff Morr.

With a prolific track-record in conceptualizing and marketing developer projects, both for sale and lease throughout South Florida, Majestic's market intelligence is a key component of their new division. It's the foundation from which the team assembles timely, aggressive and individually choreographed investment programs that are multi-phased and carefully monitored.

"Bargains abound, and for buyers of distressed inventory, South Florida's real estate market is steeped in opportunities," said Jeff Morr. Between 2002 and now, 22,737 condominium units were built or are currently under construction in Miami. Only 9,494 of the completed units have closed, leaving as many as 13,233 available. Via analysis of these opportunities and coordination with the appropriate lenders and developers, Majestic Solutions will analyze and then implement an investment strategy for an investor.

In addition to the initial phase of review, negotiation and purchase strategy, Majestic Solutions' approach includes the following services as part of its phased program: consultation/financial analysis, negotiation and purchase, design/build services, leasing and lease-to-own, property management, financing and the strategic and phased resale of properties.

The Majestic Solutions team is comprised of recently appointed Vice President Servio Acuna, Chief Financial Officer Richard Wood, Director of Operations Ken Nagid, Moooi Miami Showroom Manager Kathleen Klock, Genesys Funding Director Daniel Radrizzani, Kor Communications Director of Marketing Angela Ippolito and Director of Public Relations Frances Alban, and as mentioned above, Founder and CEO Jeff Morr.

Each member of the division is responsible, or co-responsible, for one or more of the phases integral to the programmatic goals of each customer. Playing a key role throughout the process but specifically during the consultation/negotiation/purchase phase are Acuna, who formerly served as Chief Operating Officer for San-Diego based Bankers Capital Financial Group, Wood, whose prior work included consultant services for Price Waterhouse Coopers, and Morr, who has a strong legacy in the South Florida community for his outstanding contribution in helping reshape the face of Miami. Additionally, they will be integral during the leasing and/or lease-to-own stages and the final re-sale of the properties. Klock and Morr will be instrumental for any design/build projects. Since many of the units coming to market are not finished, Majestic through its partnership with Moooi, will create desirable interior design packages that serve to increase the re-sale value of the properties. Nagid with his ample property management experience, will oversee any property management needs. Radrizzani runs Genesys Funding, Majestic's financing arm, and will provide financing options to both domestic and international buyers. Ippolito and Alban will support the team's efforts throughout the program with a multi-faceted integrated marketing campaign.

About Majestic Properties
Majestic Properties was ranked fastest-growing, privately-held, full-service real estate company in the United States in 2006, according to INC. 500 Magazine, and is one of South Florida's largest. Founded in 1995 by Jeff Morr, the company boasts hundreds of sales professionals, fluent in various languages and specializing in residential and commercial real estate sales and leasing and International services. Under the aegis of Majestic Properties are Majestic Edge, a sales and marketing division concentrating on new construction and condominium conversions; Moooi Miami, furniture and lighting showroom; and Genesys Funding, a mortgage company. For further information, please visit http://www.majesticproperties.com or contact Majestic Properties Design District Office at 305-677-5000.

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Frances Alban
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