by Erika Luitjens | Feb 28, 2022 | Fund News, REGF Quarterly Newsletter
Please note that your final distribution for Real Estate Growth Fund, LLC is enclosed with this newsletter. The Stonecrest team worked very hard to liquidate all remaining assets. This included any remaining real estate holdings and non performing notes. The...
by Erika Luitjens | Jan 29, 2021 | Fund News, REGF Quarterly Newsletter
Stonecrest’s Real Estate Growth Fund is scheduled to close in 2021 and management has decided to make an early distribution of capital, which is reflected in your enclosed statement. The fund was established to take advantage of the pool of distressed properties and...
by Erika Luitjens | Oct 9, 2020 | Fund News, REGF Quarterly Newsletter
Stonecrest’s real estate team was able to liquidate seventeen properties in the third quarter. Additionally, we have nine properties currently in escrow. Some of these higher margin assets have finally had their title issues resolved, or been freed from...
by Erika Luitjens | Jul 26, 2020 | Fund News, REGF Quarterly Newsletter
The Covid-19 pandemic is having an interesting effect on the real estate market. Mending from a sharp drop in activity, the real estate market has begun to heat up (since mid-May) as inventory remains low. This is a reflection of both the release of pent-up demand and...
by Erika Luitjens | Apr 14, 2020 | Fund News, REGF Quarterly Newsletter
First and foremost, we hope this update finds you and your loved ones healthy and safe. The COVID-19 pandemic, with all its associated restrictions in moving properties and loans through foreclosure and sale processes, is impacting our ability to close out...
by Erika Luitjens | Jan 15, 2020 | Fund News, REGF Quarterly Newsletter
Our company was founded on the market opportunities associated with the acquisition & disposition of distressed real estate. In 2007, when the great recession occurred, we began purchasing lender-owned properties (REO’s) from banks, servicers, hedge funds, etc. We...