The headlines seem scary, but savvy investors who understand how to separate the hyperbole from the reality are snapping up opportunities from Convergent Acquisitions and Development (http://www.convergentacquisitions.com) in the still red hot Charlotte North Carolina MSA. Convergent, which many consider the premier developer and vendor of real estate specifically for the non owner occupied (or individual investor market), dominates the market in Charlotte. They build or bring to market only brand new, rent ready, Rental that Renters Prefer product for their customers. Though the company cautions that past performance is no guarantee of the future, and all real estate has cyclical risks, the rapid rent up and appreciation of their product has created a huge following.
CHARLOTTE, N.C. (BusinessWire EON) August 23, 2007 --
The headlines seem scary, but savvy investors who understand how to
separate the hyperbole from the reality are snapping up opportunities
from Convergent
Acquisitions and Development (http://www.convergentacquisitions.com)
in the still red hot Charlotte North Carolina MSA. Convergent,
which many consider the premier developer and vendor of real estate
specifically for the non owner occupied (or individual investor market),
dominates the market in Charlotte. They build or bring to market only
brand new, rent ready, Rental that Renters Prefer product for their
customers. Though the company cautions that past performance is no
guarantee of the future, and all real estate has cyclical risks, the
rapid rent up and appreciation of their product has created a huge
following.
“Only fools expect that they can hop on the
MLS or deal with a real estate agent and stumble on the right
opportunity in the right area. It’s still very
possible to lose money by owning the wrong product in the wrong pocket
of any area, even the super strong Charlotte area”
says Dennis Keefe, long time investor from Alameda, California, himself
a realtor. “It’s
incredible how many people buy crap thinking they are getting a deal
based on comps and pro forma rents. Convergent
knows how to develop or acquire just the right brand new stuff in just
the right neighborhoods for maximum results”
he enthuses. “My family and I have bought
eleven properties from Convergent.
We couldn’t be happier and I’ll
continue actively referring investors to them. I expect they will be our
vendor of choice for the next ten to twenty years.”
Convergent,
a research powerhouse, concentrates its developments in Charlotte for
many reasons: the super strong diverse economy, the growing demographics
in all the right sectors: affluent retires, knowledge workers, creative
class, and middle and upper middle class relocations from other parts of
the country fuel one of the most rapid population growth patterns in the
nation. North Carolina has just passed New Jersey in population, and
Charlotte is its hub.
“We feel it is a mistake for investors not to
consider the ballast that large cities offer to real estate values.
Charlotte is not only among the top one two or three in economic
strength of the 269 largest cities in the country every year according
to Policom studies, it is the only city with a MSA of over one million
people predicted by every credible demographic study (including the
Charlotte Chamber of Commerce and the US Census Bureau) to virtually
triple in size in just the next twenty years. You don’t
have to be a Wharton School of Business graduate to figure out what that
kind of growth means to real estate values”
says Nick
Sabardin, president of Convergent and a graduate of the prestigious
Sorbonne University in France and a San Jose MBA.
Read the entire article at www.convergentacquisitions.com/article
Go to http://www.convergentacquisitions.com/inthenews/
to learn more about Convergent Acquisitions and Development in the news.
About the Company:
Convergent Acquisitions
& Development, Inc is a leading vendor and developer of real
estate especially focused on serving the non-owner occupied or “real
estate investor” market. Founded around a
team of real estate professionals with in-depth knowledge of the market
and a wealth of experience, Convergent
Acquisitions and Development, Inc provides single family homes in
emerging markets well poised for income and appreciation potential.
Convergent president Nick
Sabardin, BS, MBA, graduated from the prestigious Sorbonne
University in Paris, France, before spending several years as a business
consultant to some of France’s largest
corporations. He completed his education by earning his MBA at San Jose
State University in Silicon Valley, with an emphasis on technology and
marketing. He flew as a commercial airline pilot under US Airways’
colors for five years after graduation, and fell in love with the
Charlotte area, a US Airways hub. He is a long time experienced real
estate investor. http://www.convergentacquisitions.com
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