B.A. Enterprises Secures an Investor for $30 Million in Real Estate Acquisitions.Business Editors LAPLACE, La.--(BUSINESS WIRE)--April 29, 2002 Global venture capital consulting agency B.A. Enterprises, L.L.C. has secured an investor to commit a combined $30 million towards multiple real estate acquisition projects. Louisiana Louisiana (ləwē'zēăn`ə, l ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. based B.A. Enterprises specializes in linking projects, ranging from commercial development to intellectual property, that require capital investment, with both private and commercial investors located throughout the world. Founded in 1997, B.A. Enterprises currently maintains offices in Irvine California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , Sao Paulo Brazil, London England, Christchurch New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Beijing China, and Shenyang China. Sacramento, CA, based Jones Investment Services had several clients requiring capital in connection with the acquisition and management of commercial real estate. Jones Investment Services owner Vernon Jones Vernon Jones (Born 31 October 1960) is a United States Democratic Party politician from Georgia currently serving as CEO of DeKalb County. Vernon Jones was born on October 31, 1960, in rural North Carolina. employed B.A. Enterprises to locate and secure the capital investment required by Jones' clients to transform their business plan into business reality. In short order, B.A. Enterprises successfully located and secured an investor to commit to funding several of Jones' clients' projects at a combined investment of approximately $30 million. Regarding his experience with B.A. Enterprises, Jones commented, "B.A. Enterprises is a first class company. Their fees are more than reasonable, and my clients were very comfortable working with B.A. Working with B.A. on these projects showed me that B.A. looks at every aspect of a proposed project, short term as well as long term, employs the highest degree of ethical consideration when evaluating an individual's proposed project, and that the client's best interest comes first and is paramount. After evaluating one client's project, B.A. determined that it did in fact have an investor for the project, however, if the project went through, my client would be in over his head. Based upon the income generating potential of the property in relation to the debt servicing, my client would never be able to turn a profit. Rather than merely push the deal through, which would have definitely been in B.A.'s best interest, Adams advised him to either reduce his purchase offer or find another propriety pro·pri·e·ty n. pl. pro·pri·e·ties 1. The quality of being proper; appropriateness. 2. Conformity to prevailing customs and usages. 3. proprieties The usages and customs of polite society. ." "I found my experience working with B.A. to be so positive that I recently employed it to facilitate a real estate acquisition worth about $350 million which is working out great," added Jones. Jones' clients have received their letters of intent to fund and are currently engaged in the required due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. investigation and review. Upon receiving the letters of intent to fund the projects, Jones stated, "The expeditious ex·pe·di·tious adj. Acting or done with speed and efficiency. See Synonyms at fast1. ex manner in which B.A. secured the letters of intent from the investor proved that, unlike some other companies, I was dealing with a company that could, and does, get things done. B.A. was able to secure the letters of intent within about six business days." "Mr. Jones professionalism professionalism the upholding by individuals of the principles, laws, ethics and conventions of their profession. , depth of knowledge, and experience in commercial real estate made working with him on these projects not only easy, but also a pleasure. I look forward to further developing my association with Jones Investment Services and establishing a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. relationship with Mr. Jones. They too are a class act," remarked Adams. |
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