Del Mar Equity Partners Brings Las Vegas Investment Opportunity Full Circle with Sale of Durango Rochelle Center; L.A. Area's Hottest New Commercial Real Estate Sponsor Exhibits Speed, Resource with Sale of Retail Shopping Center.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif. -- After successfully identifying, acquiring, and financing a retail shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nevada, Del Mar Equity Partners, Inc. announced today that it has sold the asset, creating a 125% IRR IRR In currencies, this is the abbreviation for the Iranian Rial. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. for the investors in the property. Located in Summerlin, one of the fastest growing areas of Las Vegas, the 21,000-square-foot Durango Rochelle Center was repositioned by DMEP DMEP Data Network Modified Emulator Program DMEP Device Memory Export Protocol over the last twelve months. "There is more to succeeding in a fast growing real estate market than identifying the area," says Del Mar Equity Partners Co-Founder Martin Esteverena. "It boils down to having the right relationships to locate properties with unique upside and then working effectively to create an extraordinarily high performance investment." Working with the seller and his leasing agent, Del Mar Equity Partners was able to fully lease the 14-unit commercial property within months of acquiring the property. The quick reduction of the vacancy rate from 20% to 0% resulted in the creation of a much more valuable asset. "The numbers speak for themselves," says Keith Somers, one of the Durango Rochelle investors. "However, beyond the obvious success of the investment, the experience of working with Del Mar Equity Partners was a big win...one I hope to repeat with future investment opportunities they bring to me." Las Vegas is just one of the western and southwestern markets on which Del Mar Equity Partners is currently focusing. To date, the company has acquired three commercial properties in the area and, with the completion of this transaction, has sold one. Del Mar Equity Partners, Inc. is a group of seasoned principal investors with the experience, track record, and talent to reliably deliver excellence in real estate. Founded by Martin Esteverena and Mark Kanter, this Los Angeles area-based corporation is quickly identifying itself as a uniquely qualified sponsor that can be relied upon to perform for its clients. Based in El Segundo, California
El Segundo is a city in Los Angeles County, California on the Santa Monica Bay, incorporated on January 18, 1917. The population was 16,033 at the 2000 census. , Del Mar Equity Partners acquires and owns value-added and stabilized properties within targeted growth markets. Its client investors are institutions and accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. individuals who believe DMEP's extensive relationships and rigorous execution lead to successful investments. The DMEP team pursues only the best opportunities in retail, multifamily, office, and industrial flex. DMEP's web site is www.delmarequity.com. |
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