Re: Australians investors buying up Jersey City housing
|
||||
---|---|---|---|---|
Newbie
|
Hello from US Masters CEO
Hi, it's Alan Dixon, CEO of the US Masters Residential Fund. It's my first post on the Jersey City List. It looks like a great forum and I just wanted to let you know that we are open, friendly and accountable to our fund and actions within the community. I might be able to clear up a few of the queries/concerns/information that people are seeking on the forum. First, the fund is publicly listed on the Australian Stock Exchange and has a website US Masters Residential that has plenty of information, including monthly portfolio updates. Who we are: $265m REIT, with long term committed capital from Australian investors. 45 staff based in Jersey City plus we use a large number of outside contractors. Where we buy: 1. Hudson County - most areas 2. Manhattan - particularly Harlem 3. Brooklyn - particularly the North Western closest neighbourhoods to Manhattan What is our plan?: 1. To hold properties for a minimum of 5 years, probably much longer. 2. To renovate up to the upper standard expected by renters in the neighbourhood. 3. To provide professional leasing and tenant management services. What happens to a typical property?: 1. We only buy existing properties, not new construction or condos. Almost all the properties we buy need fairly substantial renovation. 2. We look at the floor plan, facade, structure of the house and decide how to do the renovation. 3. Relevant plans and permits are obtained. 4. Work is given to LOCAL contractors exclusively. All Hudson County work has been done by Hudson county locals. 5. When work is finished, the property is offered for lease at what we believe the current market rate is. 6. We believe we maintain our properties at the highest end of the rental market. Important Facts: 1. We never increase the number of units in a house. In many cases we reduce the number of units. We have turned several multi-family homes back in to the grand single family homes they once were. 2. We care about our neighbourhoods. Many of our employees are tenants of the houses. We love the neighbourhoods and do everything we can to improve them. We provide tenants with long term stable rentals. 3. We have renovated numerous boarded up wrecks and taken them from the worse house on the street to one of the best. This applies to all areas that we own. This improves neighborhoods and values for all owners. Sellers: 1. If you are interested in selling your house, ring our office on 201-942-6222 and ask for Eric Moore or one of his team to provide information so we can let you know if it may be of interest. Tenants: 1. Check out www.dixonleasing.com to see some of the properties we have available. We have new properties hitting the market every week, so feel free to call and let us know what you are looking for if it is in future months. Neighbors: 1. If you have any problems or concerns with a neigboring Dixon property please ring 201-942-6222 and inform reception which property you are concerned about so you can be put through to the right property manager to discuss the issues. Any questions or inquiries for me: I'm happy to answer any questions you may have, feel free to post on this forum or send me an email directly to alan.dixon@dixon.com.au Hope this helps and is taken in the positive spirit in which it is intended. I'll directly answer any questions on the forum the best I can. Best Alan
Posted on: 2013/1/23 19:30
|
|||
|