Escondido, CA (PRWEB) July 22, 2012
NetREIT Dubose Model Home REIT, Inc., a Maryland-based real estate investment company with headquarters in Escondido, California, today announced the completion of the purchase of nine (9) model homes. These new real estate acquisitions are located in the New York-Pennsylvania corridor section of the U.S. The total purchase price for the nine (9) homes was $3,287,700 with an appraised value of $3,672,000.
NetREIT Dubose Model Home REIT, Inc., currently owns model homes located in various markets across the United States including California, Oregon, Washington, Idaho, Texas, Florida, South Carolina, North Carolina, and New Jersey.
The total appraised value of their inventory is in excess of $20 million. The management team of NetREIT Dubose Model Home REIT, Inc., has significant experience and has purchased and sold approximately $1 billion worth of model homes during their 27 years in business.
NetREIT Dubose CFO, Larry Dubose had this to say, “We are pleased with this newest purchase by NetREIT Dubose and believe that these new properties will greatly enhance our extensive portfolio.”
NetREIT Dubose has a long and successful reputation of purchasing model homes from builders and subsequently lease these model homes back to the builders under a triple net lease, thereby allowing the builder to use the model homes when selling a subdivision. At the termination of the lease, builders then seek to sell these properties to a third party purchaser.
About NetREIT Dubose Model Home REIT, Inc.
NetREIT Dubose, operates under the fundamental principle that no matter what the economic conditions are, real estate is always a good investment. According to company research, real estate has performed historically well when measured against the S&P, DJIA, and bonds. Real estate provides a strong potential hedge against inflation.
For more information, please visit the website: NetREIT Dubose