Reif & Associates, Inc.

Off-Market Listings

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Below, are property holdings currently available.  This page will be updated frequently, so be sure to check back!

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HOTELS AVAILABLE
 
Contact us directly - We have several hotels in New York, Florida, and Mexico ranging from $120 Million to $650 million.  Must be able to prove purchasing power.  A website with your information will suffice.
 
(Posted 9-13-07)

 
 

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Assumable Loan $3,824,000
5.67% interest for 10 years
Interest only from 3/9/07 to 3/9/10
 
 
For updated financials please email us at t11@verizon.net
 
(Posted 9-11-07)

160 Unit Apartment Complex in
Dallas, TX area
 
$4,800,000
 
($30K/Door)

-Well Maintained

-Strong Sub-Market

-Excellent Curb Appeal

-Easy Access to Entire DFW Metroplex

   

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100% Leased Office Building located in the Dallas area

Over 500,000 SF ~ Class A Tenant ~ approx. 7% Cap Going in with Upside

$153 Million
 
Posted 8/28/07

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31, 431 SF Office Garden Building
Located in Dallas, Texas
On LBJ Freeway
Being offered at $1,750,000
 
Posted 8/24/07

Spanish Trace Apartments
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136 Unit Complex located in Irving, Texas

 

Email t11@verizon.net for financials and more information.

 
 

 

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Irving Office Building
Approx. 73,344 SF
 
91% Leased As Of July 2007

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Dallas Office Building
Approx. 143,746 SF
 
92% Leased As Of July 2007

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Dallas Office Building
Approx. 30,664 SF
 
92% Leased As Of July 2007

Dallas Office Portfolio and Houston Office Portfolio
Buy Partial or Whole Portfolio
1.2 million SF of office space in Dallas.
Over 2 million SF of office space in Houston.
 
Multi-tenant Class B and C buildings.
 
To obtain more information, please call or email.

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Prestigious Dallas Building
Located in Dallas, TX and offered at $100 million.  Buyers must provide verification of financial capability to perform to receive specific details. Email or call for more information.

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Dallas Office Building
Located near the intersection of Preston and Frankford
 
10,000 SF for $1.1 million

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Ashley Oaks Apartments

Tampa, Florida

$6,240,000

 

Highlights:

  • Only $48k per door ~ the best deal in Tampa
  • 95% + occupied
  • Needs only one office and one maintenance person to operate
  • Turn key

Strong regional population growth

Ashley Oaks is a 130-unit apartment community located in Tampa, Florida.  This property provides a rare chance to own real estate in the Tampa MSA market at an attractive price well below replacement cost.  This property will provide great upside when new management techniques are implemented, and additional capital improvements are done.

The property is of concrete block construction with a stucco exterior.  Ashley Oaks enjoys an excellent unit mix with 4 floor plans for the 1 bedroom-1 bath units, and 2 floor plans for the 2 bedroom-1 bath units.

Ashley Oaks is located within 2 miles of the University of South Florida (USF), which is the second largest University in the state.  USF has approximately 37,000 students, 1,500 faculty, and 11,000 full-time employees.  Within the next couple of years, USF will continue to grow and will add thousands of more students. The property is also located minutes away from Busch Gardens Tampa Bay, one of the premiere theme parks in the entire country. In the last twelve months, the majority of the units have turned over, at which time, their interiors were improved.  RECENT CAPITAL IMPROVEMENTS

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The Palms Apartments

Tampa, Florida

$11,500,000

 

The property currently has one FHA-insured first mortgage loan that was placed on the property in May of 2002.  The first mortgage is technically locked-out for pre-payment until June, 2012, but an early prepayment is currently being sought.  Financials indicate a new 80% loan being placed on the property that assumes the existing debt is paid off.  Rents at the property are controlled through a HUD Section 8 HAP Contract that runs through May, 2022.  Through the expiration of the HAP Contract, the property will receive annual OCAF (Operating Cost Adjustment Factor) increases.

 

Investment Highlights

 

         Mark-to market restructuring finalized in June, 2002

         The restructured first mortgage is locked-out from being pre-paid until June, 2012

         100% Project-based Section 8 rent subsidy contract; less than 2% economic vacancy in 2003

         Located in a Qualified (130% Basis) Census Tract for Low Income Housing Tax Credit rehab

         Rents are at market from the 2002 restructuring

         Property amenities include laundry facilities, meeting room, playground and barbecue areas

         Over $211,000 in rehab, completed in 2003 from the restructuring

         The owner receives Capital Recovery Payments of $549 per month through 2007

 

NOTE:  Seller will assist buyer with down payment of $1,500,000 as a credit due for additional rehab if needed.  Principals only.  We are dealing direct with the owner on this property - he is also a client of ours both as a buyer and a seller.

  

 
Apartment Complex
Pasadena, Texas
 
$13,500,000

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We are exclusively dealing with the owner on this asset.  Creative financing is available at $13,500,000.  An extremely attractive down payment can be achieved for the right buyer.

Due to recent renovations totaling over $3 million on rehabbing the property, the occupancy rate may not accurately reflect performance.  Since rehab completion, the occupancy rate is 89% and increasing. 

Class C property; however, renovations include new meters, foundation, roofs, gutters, downspouts, sprinkler systems, plumbing and laundry room.

An additional 500+ units are being rehabbed at this time and you would have the first option to purchase them when completed.

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Poolside at the property.

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We specialize in off-market commercial real estate