by Erika Luitjens | Apr 30, 2019 | Fund News, SRF Quarterly Newsletter
Overall, sales in the real estate market were slow during the first quarter of this year. The winter season is traditionally a time of slower real estate activity. However, in March, the Federal Reserve mentioned there would be no rate increases for the rest of 2019....
by Erika Luitjens | Jan 31, 2019 | Fund News, SRF Quarterly Newsletter
After studying the nationwide real estate market very closely, we believe the odds are that 2019 will be a flat year. We still see houses in some areas of the country commanding multiple offers, while others in those same areas are having to cut their listing prices....
by Erika Luitjens | Nov 1, 2018 | Fund News, SRF Quarterly Newsletter
Strategic Realty Fund had a solid 3rd quarter, selling 20 properties and 10 mortgages for a nice margin. SRF continued to purchase well-priced assets throughout the country, mainly through banks and Xome auction company. The real estate market has been slowing overall...
by Erika Luitjens | Jul 30, 2018 | Fund News, SRF Quarterly Newsletter
Strategic Realty Fund has been acquiring vacant properties that require relatively minimal repair and are located in markets that are strong. We phased out purchasing occupied properties some time ago. Our experience shows that the discounts for vacant properties are...
by Erika Luitjens | May 22, 2018 | Fund News, SRF Quarterly Newsletter
Strategic Realty Fund sold thirty-five properties and thirty four notes in the first quarter of this year. The fund still has a significant amount of non-performing notes that are either being modified or are going through the foreclosure process. Unfortunately,...
by Erika Luitjens | Feb 15, 2018 | Fund News, SRF Quarterly Newsletter
In the fourth quarter, Stonecrest’s real estate disposition team was able to sell thirty assets, while the non-performing notes department sold thirty-five, most of which were modified notes. The larger bank and institutional sellers have expanded the number of...
