Sherman Oaks, CA (PRWEB) February 24, 2011
Shawn Wikoff and Paul Petonak, Managers of APV acquired a multi-family apartment building on behalf of APV limited partners in the Cleveland Ohio area. The building was acquired by APV for 275K. The previous owner acquired the building around 2005 for approximately 550K and spent roughly 200K in property renovations. Advantage Property Ventures will invest in necessary renovations to bring the occupancy rate up as high as possible.
Advantage Property Ventures, L.P. is a real estate partnership based in Los Angeles, California. APV has been in business since June of 2009. The APV operational model focuses on acquisitions of distressed real estate assets while continuing to seek out attractive real estate bargains that offer immediate equity.
Except for the historical information contained herein, the matters set forth in this press release, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements speak only as of the date. Because such statements deal with future events, they are subject to risks and uncertainties, including, but not limited to asset acquisitions and return(s) from asset liquidations, if any transpire. Myriad different financial environments may determine the outcome of the private placements' success. We undertake no obligation to update the forward-looking information in this release.
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