Private equity and venture capital firm Funk Ventures announces an important joint venture, which will specialize in high-end, ultra-luxurious apartment and mixed-use developments in exclusive international locations where demand for unsurpassed quality and design is exceeding supply.
Canoga Park, CA (PRWEB) June 24, 2004 -- Private equity and venture capital firm Funk Ventures, through its real estate division Funk Ventures Real Properties (FVRP"), today announced the launch of Strata Development Group, LLC, a joint venture between FVRP and JumpStart Capital, LLC. The announcement was made by FVRP Managing Director Andy J. Funk, who also serves Funk Ventures as CEO and Chairman.
Strata Development Group will specialize in high-end, ultra-luxurious apartment and mixed-use developments in exclusive international locations where demand for unsurpassed quality and design is exceeding supply.
Following a two year market study, Queenstown, New Zealand was selected as the preferred location to undertake Strata Development Groups initial projects. Each will accentuate the companys commitment to providing wealthy individuals with access to the highest standards of living and leisure in the most breathtaking locations worldwide.
SDG will set new standards of luxury by constantly looking to innovate and establish new points of difference", says Andy Funk. With its world-class development team, SDG will produce some of the most lavish developments in the worlds most desirable locations."
Jason M. Neal, a seasoned entrepreneur with more than 15 years real estate experience in New Zealand, Australia and the United States, will lead the joint venture as Chief Executive Officer.
SDG will not only redefine luxury in each market we enter, we will deliver an unsurpassed standard of quality which has been overlooked by other developers in an attempt to maximize their bottom line", says Jason Neal. The current project features spacious and luxurious apartment homes overlooking the most magnificent scenery in what is appropriately called the adventure capital of the world."
A formal announcement of Strata Development Groups proposed Queenstown development will be made in the coming weeks.
About Funk Ventures Real Properties
Funk Ventures Real Properties was formed to aggressively pursue national and international real estate investment opportunities through direct ownership and joint ventures. FVRPs investment strategy focuses on the residential, commercial and leisure sectors and the company develops and invests with a view of holding, selling or leasing its properties. FVRP is a wholly-owned subsidiary of Los Angeles based private equity and venture capital firm Funk Ventures, which is divided into lines of businesses ranging from venture capital and investment banking to real estate and business services. For more information, visit http://www.funkventures.com or call (818) 716-0413. Funk Ventures is a registered trademarks of Funk Ventures, Inc.
About JumpStart Capital
JumpStart Capital, a wholly-owned subsidiary of JumpStart Ventures, has conducted or participated in large and small scale real estate projects in the commercial, residential and leisure markets in New Zealand, Australia and the United States. JumpStart Capital also specializes in acquisitions, business and strategic development, market research and financial analysis for select individuals and companies in both the real estate and information technology sectors.
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