Dr. Joseph de Beauchamp of World Financial News Network started coverage and gives favorable analysis to Nexia Holdings as a company shows great promise in real estate holdings. Over the past two years, Nexia picked up favorable real estate and successfully refinanced debt at favorable rates, selling certain unprofitable office buildings, and making significant improvements to its existing properties, which has in turn improved their marketability.
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Dr. Joseph de Beauchamp, WFNN's Chief Independent Analyst, said, "Nexia announced that it has embarked upon a plan to expand its real estate holdings. Nexia, through a majority-owned subsidiary, has entered into an agreement to purchase a 12-unit apartment complex in Salt Lake City. WFNN sees this company stock moving up to the $5.00 with the activity in real estate and earning a penny per share. With the recovery in real estate and the recovery from the recession, WFNN agrees with the management and their vision for the future."
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About Nexia Holdings: Nexia announced that it has embarked upon a plan to expand its real estate holdings. Nexia, through a majority-owned subsidiary, has entered into an agreement to purchase a 12-unit apartment complex in Salt Lake City. The purchase price is $620,000. The closing is scheduled to occur within 65 days and is contingent upon Nexia obtaining favorable financing and certain other factors. Over the past two years Nexia has paired its losses relating to its real estate division by successfully refinancing debt at favorable rates, selling certain unprofitable office buildings, and making significant improvements to its existing properties which has in turn improved their marketability.
Richard Surber, President
801-575-8073 Ext. 106
NEXH -- Nexia Holdings, Inc.
268 West 400 S.
Suite 300
Salt Lake City, UT 84101
http://www.nexiaholdings.com
801-575-8073
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