The investment strategy allows us to acquire single family homes that meet our underwriting guidelines, improve the assets, and then primarily sell or lease the properties using time-proven realty channels.
Portland, Oregon (PRWEB) June 07, 2016
Fairway America, LLC (“Fairway”), a Portland OR based real estate asset and finance advisory and investment firm, announced today that its client, Elevate Private Capital (“Elevate”) launched its first SBRE fund in the past year. Fairway played a lead role in consulting, advising and guiding the structure and formation of the Elevate SFI Fund LLC (the “Fund”) based in Dallas, Texas. The Fund’s Manager, Elevate Private Capital, is owned and operated by Texas-based industry veterans, George Roddy and Tim Herriage. John Cantleberry, President of Elevate Private Capital, also brings a wealth of Real Estate Investment experience and Fortune 50 general management experience to the Elevate management team.
The Elevate executive team has over 40 years’ of combined successful Real Estate investment experience and plans to apply that expertise to the Fund’s strategy of acquiring single family homes in Dallas/Fort Worth at below market prices and then renovating them for resale or lease. Tim Herriage, CEO Elevate Private Capital, added “The investment strategy allows us to acquire single family homes that meet our underwriting guidelines, improve the assets, and then primarily sell or lease the properties using time-proven realty channels. I believe that using the combination of retail sales and retail leasing strategies creates the potential for attractive returns, and allows us to leverage our core competency of creating passive income to our investors by building a sizable rental portfolio in Dallas/Fort Worth, one of America’s strongest real estate markets.”
Fairway also announced today that the Fund will be listed on http://www.sbrefunds.com, Fairway’s marketplace listing service focusing exclusively on the SBRE pooled real estate asset based investment space. Elevate elected to list their first fund on SBREfunds.com to help create immediate exposure to investors. The open-ended Fund can raise up to $20,000,000. Fairway launched SBREfunds.com in January 2015 and has quickly grown the site to include 26 listed investment opportunities with total offerings of over $2.5 Billion. “SBREfunds.com’s Marketplace is still the only online listing service that continues to focus primarily on the unique landscape of the SBRE pooled investment space,” said Matt Burk, CEO of Fairway. “We are focused intently on fostering and growing this community of investors, entrepreneurs, and fund managers by bringing greater awareness and visibility to this market segment and its opportunities. We are pleased and excited to add Elevate’s first Fund on our site.”
Elevate also recently presented at Fairway's Small Balance Real Estate Investment Summit at the Montage Resort in Laguna Beach, California. This premier, invitation-only event brings together fund managers with a wide variety of SBRE strategies with investors interested in learning more about the SBRE pooled investment fund space. Fairway announced that the next SBRE Investment Summit will be held in April 2017 in San Diego CA at the Fairmount Grand Del Mar. Details for the only SBRE Investment Summit of 2017 will be released soon.
For more information about Elevate, please visit: http://www.ElevatePrivateCapital.com
For more information about Fairway America, please visit: http://www.fairwayamerica.com
For more information about SBREfunds, please visit: http://www.sbrefunds.com
SBREfunds.com is an online listing service that focuses exclusively on small balance real estate investment opportunities. SBREfunds.com facilitates a community of SBRE entrepreneurs and high net worth investors who are interested in the space to bring greater awareness of SBRE opportunities to the market. From the Marketplace to membership to webinars to live events, SBREfunds.com is the world’s leading online resource for SBRE entrepreneurs and accredited investors alike to connect and work with one another for mutual benefit and growth.
About Elevate SFI Fund LLC
Elevate SFI Fund is an open-ended SBRE fund whose strategy is to create value by acquiring and improving single family homes in the DFW area in order to produce attractive risk adjusted returns. The Fund invests in single family homes, purchased at a discount to market value, renovated, and then sold or leased. For more information about Elevate, please visit http://www.sbrefunds.com.
Neither Fairway America nor SBREfunds is a registered broker-dealer or investment advisor. None of the Fairway companies perform any activities of a broker or investment adviser, including but not limited to, soliciting investors, providing investment advice, negotiating securities transactions or the terms, conditions or provisions of any offering, or recommending the purchase of securities. This press release does not constitute an offer or solicitation to sell securities in any of the companies mentioned, any funds listed on SBREfunds.com or presenting at SBRE Investment Summit events, or any related or associated companies. Investors must not rely on information provided in this press release for investment decisions.