E.Quogue, New York (PRWEB) September 13, 2012
Atlas Advisors, LLC follows in Goldman Sachs footsteps.
Goldman Sachs is one of the largest real estate fund managers globally with approximately $29 billion of capital raised since inception in 1991. On March 30th 2012 Bloomberg reported that Goldman is betting on a property rebound with a new fund called : The US housing Recovery Fund. Atlas Advisors, LLC agrees with Goldman’s market assessment and has launched a fund of its own to invest in foreclosure residential properties thoroughout the United States. Atlas Real Estate Partners, L.P. has already put capital to work, focusing on one of the hardest hit areas in the U.S. Phoenix, Arizona.
“With housing affordability at record high levels (according to the home-buyer affordability composite index) now is the opportune time to be buying prime properties at 20-30% discounts to the market,” says Evan Gappelberg Managing Partner of Atlas Advisors, LLC . He continues, “the housing rebound has already begun in some parts of this country, and as long as interest rates remain low and the stock market continues to rebound people will buy homes”. Few cities got hit harder by the bursting real estate bubble than Phoenix, notes the Wall Street Journal, which points out that prices plunged 55% as the foreclosure rate rose to No. 3 in the nation. Despite those bleak stats—or maybe because of them—the city is now enjoying "a nascent real-estate rebound" that is drawing the attention of investors.
"The opportunity is a once in a generation chance for investors to buy foreclosure properties in prime neighborhoods, which typically sell at a 20-30% discount to the market. Buying at a major discount in a prime area combined with historically low interest rates and historically low prices creates tremendous value and a wealth building opportunity" Gappelberg concludes. However the issue for most investors is how to take advantage of this confluence of events, how to invest?... other than quiting your day job very few options exist, until now. Atlas Real Estate Partners, L.P. is a professionally managed, diversified limited partnership that is raising up to $10 million dollars in $50,000 units to invest directly in residential foreclosure, distressed sale properties across the United States, with a current focus on Phoenix, Arizona.
For more information Contact:
Evan Gappelberg- Managing Partner
Atlas Advisors, LLC
Barron's Cover | SATURDAY, SEPTEMBER 8, 2012
Happy at Last
By JONATHAN R. LAING
After an ugly six-year decline, home prices are starting to look up. Why the rebound is for real. Plus: What's next for the top 50 U.S. housing markets
Housing Declared Bottoming After Six-Year Slump
The U.S. housing market is showing more signs of stabilization as price declines ease and home demand improves, spurring several economists to call a bottom to the worst real estate collapse since the 1930s.
“The crash is over,” Mark Zandi, chief economist for Moody’s Analytics Inc. in West Chester, Pennsylvania, said in a telephone interview yesterday. “Home sales -- both new and existing -- and housing starts are now off the bottom."