The sale of one thousand condominium units in such a short period of time...proves our model...is a business model in alignment with the expectations of today’s real estate consumer
Naples, FL (PRWEB) November 14, 2011
Patten Sales and Marketing, a Naples, FL-based real estate investment subsidiary of Patten Family Companies, announces the sale of its one thousandth condominium unit since entering the business of acquiring REO, bank notes and stalled projects around the country. The sale of the first 1,000 units occurred over the span of only about eighteen months.
Michael S. Patten, CEO of Patten Sales and Marketing noted, “The sale of one thousand condominium units in such a short period of time is a proud accomplishment for Patten Sales and Marketing. It proves our model of acquiring prime properties in premier locations and offering those properties at outstanding values to our customers is a business model in alignment with the expectations of today’s real estate consumer.”
Patten Sales and Marketing has acquired over $400 Million in REO, bank notes and developer properties. Projects have been acquired throughout Florida and up and down the East Coast. While many have been located in areas typically seen as seasonal destinations, of late Patten Sales and Marketing has been tremendously successful in applying its business practices in cities known as primary home markets, such as Charlotte, Raleigh and Louisville. Patten continues to scour the country, in areas such as Colorado resort towns, Nevada and Coastal California, looking for opportunities to assist banks, finance companies and developers in the disposition of stalled or troubled projects, and to bring outstanding real estate values to its customers.
About Patten Sales & Marketing
Patten Sales & Marketing, LLC is the nation’s foremost provider of services that assist banks, equity investors, real estate investment funds, and developers with the timely liquidation of real estate owned (REO). The company implements strategic options that convert REO into cash quickly. As a division of Patten Family Companies, Patten Sales & Marketing brings to bear over 100 years of experience in all phases of the real estate cycle including financing, development, workout, and disposition services to capitalize on opportunities in condominiums, resorts, office buildings, golf courses, and land. For more information, please visit http://www.pattensm.com.