Recent purchase of 64 lots in Southern California brings acquisition total to 254 for 2Q 2010.
Beverly Hills, Calif. (PRWEB) May 30, 2010 -- International real estate investment firm Broberg Capital today announced that it has acquired a 64 lot residential subdivision located in Southern California from a California regional bank in its ongoing efforts to capitalize on the U.S. distressed real estate market.
“This acquisition is another example of our ability to find distressed deals that have excellent long-term investment potential,” Fredrik Broberg, Founder and Managing Director of Broberg Capital commented. “We negotiated the deal directly with the seller and we were able to perform quickly and close on time.”
Broberg Capital also recently announced its acquisition of an additional 190 residential lots in Southwest Florida, which brings the number of residential lots the company has purchased in the last quarter to over 250.
Broberg Capital's Vice President of Acquisitions, Dennis Cisterna, added, “While there is still a tremendous amount of uncertainty in the U.S. economy and housing market, we feel very bullish about land acquisitions, given proper underwriting and realistic investment horizon. This acquisition fits our investment criteria and is a solid addition to our expanding portfolio”
About Broberg Capital
Broberg Capital is an international real estate investment firm focused on distressed real estate opportunities in the U.S. market. Broberg's management team has over 60 years of combined experience in the acquisition, management, and disposition of distressed real estate. With operations in more than 20 states across the U.S., Broberg Capital offers a national presence coupled with local experience to provide comprehensive real estate investment solutions. For further information on Broberg Capital, please visit www.brobergcapital.com.
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