Houston, TX (PRWEB) March 17, 2011
Williams-Meridian Companies has established WMSE Investments I, a newly formed real estate investment group aimed at acquiring, renovating and re-leasing select residential properties within the Greater Houston Metropolitan Area. The new venture will focus solely on distressed residential properties that the investment group can enhance for future resale.
WMSE Investments I, LLC (WMSE I) is a registered Texas Limited Liability Company, organized as a Series LLC. The entity’s primary purpose is to pursue very specific residential real estate investments within the local Houston community. Simultaneously with the formation of the new entity, Series A has acquired a unique local investment property to be held as a long-term asset. The property has recently undergone significant renovation and presented an opportunity for the group to launch this particular real estate investment platform.
Over the years, Williams-Meridian has been active in acquiring, renovating, re-leasing and exiting residential investments. While the main focus of Williams-Meridian is within the commercial real estate space, particularly on mixed-use developments, the company decided to establish an additional subsidiary to capitalize on current market conditions. With the advent of WMSE I, the company’s existing residential efforts will be consolidated into this targeted investment group that is self-funded.
Williams-Meridian Companies will own 100% of the newly formed entity and the firm’s principals will initially be responsible for all fund investment decisions, including market evaluation, property selection, investment analysis, financing and deal structuring. All renovation work, leasing, marketing, management and sales activities will be contracted based on the firm’s new and existing relationships with those service providers.
For more information, please visit: http://www.williams-meridian.com/index.cfm/our-business/real-estate-investments.
Williams-Meridian Companies, LLC
202 Travis St., Suite 405
Houston, TX 77002