Real Estate in USA- Corvit 19

The Corona virus has the world under control. In addition to the health effects, which we hope our doctors will be able to control in the near future, the economic consequences will continue to concern us for a long time to come.

Global recession

A global recession is inevitable, all market researchers agree. Real Estate in USA for Family Office will be affected differently depending on the asset class. Hotels are already on the drip, in the office sector the possibilities of the home office are increasingly being discovered, and mail order will grow even further compared to stationary trade. But all of us need always to residence. Only differently. While Class A projects have always been the focus of investors in recent times, this segment will feel the consequences of the recession in real estate in USA particularly hard for family offices. There will no longer be enough households that can afford the expensive rents.

Affordable living space in demand

The problem of affordable housing will continue to increase. The main indicator of housing demand is disposable income. And that is falling, so no amount of ambitious government aid will help. On the contrary: the real economy is being flooded with money to alleviate the current hardships, but in the long term this will lead to further problems that will keep us busy for a long time to come.

Inexpensive production

Beltline, a subsidiary of Atlanta, is leading the general planning for a 47-mile stretch of the old railroad line around downtown Atlanta to revitalize the existing structures. The historic hotspots will be connected with green paths. Initial urbanizations such as the Turner Field Redevelopment or the 352 University Avenue Mixed-Use Project have already been successfully completed and are extremely well received by the population.  Read more by clicking on the picture above. Pictures of the urbanisation give you a good impression of Beltine.

Prime Invest is developing one of the most prominent hotspots of Beltline with a longtime experienced developer team: Murphy Crossing, just south of downtown. An important part of this urbanisation is an assembly plant, in which apartments can be produced at approx. 20% lower costs using a new process.  The development implements the themes of work, living, shopping, art and culture and leisure. In addition to the Assembly Plant, in which parts are assembled for prefabricated house construction, 735 apartments, approx. 5,700 sqm of retail space, half of which is for a supermarket, the other half for regional suppliers, a farmers’ market, 14 loft-style tower houses and a recreation center in which young companies receive start-up assistance and initial support. An event management team organises events and exhibitions throughout the year, thus promoting public life. Greened paths and jogging trails invite to outdoor activities.

New jobs

This will create a total of about 500 jobs. The site is well connected with bus stops and two stations of the Atlanta suburban and underground railway system (MARTA) in the south and north of the site.

With the Assembly Plant and the entire urbanization Murphy Crossing, we manufacture a product with exorbitant demand in the Real Estate in USA for Family Office.

Prime Invest designs club deals for tangible asset investments. Our activities focus on real estate investments, from project development to portfolio properties and developments of multifamily facilities in the USA. We thank you for your attention and will be happy to answer any further questions you may have.

Der Beitrag Real Estate in USA for Family Office erschien zuerst auf Prime Invest GmbH.

Navy Pier, Chicago’s landmark

The Navy Pier was built in 1914 as the world’s largest pier, 90 meters wide and just under a kilometer long. It is the landmark of the city and an important economic factor for the city of Chicago. Covering an area of ​​over 200,000 square meters, it offers restaurants, showrooms, shops, a theater, Pier Park, a Ferris wheel, the Offshore Rooftop Bar, which opened in June 2019 and can accommodate approximately 1,000 guests, and The Sable Hotel. which will be opened in mid-2020, a variety of attractions for visitors. Each of the hotel’s 222 rooms offers views of the Chicago skyline and Lake Michigan.

Centennial vision

The centenary of the pier was celebrated in 2016. The redesign of the Navy Pier, the “Centennial Vision” is the master plan that makes the pier shine in a new light. Implementation began in 2011 and has now been completed. The hotel The Sable and the roof terraces Bar Offshore are the culmination of the redesign.
Permanent attractions
On the Navy Pier visitors are constantly offered attractions:

• Twice a week the Aon summer fireworks take place
• It is a venue for internationally renowned events such as the EXPO CHICAGO Art Exhibition
  and SOFA
• It is home to the popular Chicago Shakespeare Theater
• The “Magnificent Centennial Wheel” Ferris wheel welcomes visitors and offers a unique
  Overlooking the city and Lake Michigan
• Restaurants offer culinary diversity
• Free programs and events are offered throughout the year.

Curio – A Collection of Hilton

“The Sable at Navy Pier” is operated under the brand name “Curio – A Collection by Hilton”. Hilton is one of the largest hotel companies in the world. With rapid growth, Hilton currently operates more than 5,500 hotels with approximately 895,000 rooms in 109 countries. “The Sable” offers its guests easy access by car and a parking garage on the pier. It has 222 rooms located on floors three to seven. An inviting lobby with restaurant, business center, fitness studio and souvenir boutique are located on the ground floor.

Offshore, one of the largest rooftop bars in the US

A spectacular event location is the roof terrace. On approximately 4,000 square meters, both indoor and outdoor events will take place. The roof terrace bar Offshore completes the offer in a unique way. Guests have unparalleled views of the Chicago skyline and Lake Michigan. It will be the meeting point of the Navy Pier, where fireworks and air and water shows are best viewed.
Offshore crystallizes into a top attraction in Chicago’s neighboring business district and a meeting place for an after-work drink. For tourists, it is the “secret tip” to have a spectacular view of Chicago.
The Sable at Navy Pier Chicago, unique real estate investment with Prime Invest offers interesting economic conditions, and high degree of identification.
A real estate investment with Prime Invest not only offers economically interesting framework conditions. Prestige, coupled with a high level of identification with himself and the investment are high emotional values. An investment that makes you happy and makes you feel good.
If you would like to know more about Prime Invest Real Estate Investment, we look forward to hearing from you.

Der Beitrag Navy Pier Chicago Unique Real Estate Investment erschien zuerst auf Prime Invest GmbH.

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However, the special rules of the capital investment law must be taken into account. Pitfalls lurk here that can quickly lead to unwanted results. Legal assistance, which takes into account the current case law, is essential. An important one is e.g. All investors must be involved in decision-making processes. The successive collection of the required equity is not permitted. At a constitutive meeting, the entire equity capital must be raised, a later admission of further investors is not possible. At this time, no finished offer may be available, so it is not necessary to prepare a prospectus. Already an already defined name of the intended investment could already indicate a ready offer, why a working title is to be used. The decision-making basis includes project information, indicative example calculations and contract templates.

The formation of a community of interest between all parties involved in a real estate investment as clubdeal, is an essential part of the structuring of club deals, because only if everyone sees their demands satisfied to satisfaction, the teamwork can succeed. An effective means for this is a profit sharing, in which the income of all parties involved, at least in part, according to the realized success of the property, are measured.

Even in the early stages of a real estate investment, we offer investors as part of a club deal (Private Placement) or as a single investment in real estate as an investment to participate. Already when buying a piece of land, the parameters for the intended real estate investment are discussed and determined together with the developer and the investors. Prime Invest structures club deals for semi-professional and professional investors.

Even if you would like to exploit a property and would like to realize this with co-investors, we will be pleased to advise you. We review the possibilities and approach suitable co-investors.

For further information we are always at your disposal. Get in contact with us and we will discuss your preferences and our possibilities.

Prime Invest designs club deals for tangible asset investments. Our activities focus on real estate investments, from project development to portfolio properties and developments of multifamily facilities in the USA, as well as opportunities in the aviation sector. Our Diversified Regional Aircraft Fund offers risk diversification in a sustainably growing market that will also survive crises such as Corona. In doing so, we attach importance to aircraft types that are characterized by the lowest possible kerosene consumption. We welcome the efforts towards climate-neutral flying.

We thank you for your attention and are available at all times to answer any further questions you may have.

Der Beitrag real estate investment as clubdeal erschien zuerst auf Prime Invest GmbH.