Tuesday, February 21, 2006

Asheville Real Estate Journal 

Asheville Real Estate Journal

real estate investment trusts (REITs)

The general as well as the Asheville real estate market has undergone dramatic changes in recent years. Real estate investment trusts (REITs) (roughly equivalent to mutual funds but hold real estate investments, instead of securities.)have become major sources of financing for property acquisition and development.

Whether looking at REITs or a single investment, experts recommend allocating 10 to 20 percent of an investment portfolio in real estate to enhance returns and diversify volatility and risk. Very popular these days in the Greater Asheville real estate market and in our area is the sustainable real estate investment. Interest in value-added “green” properties is on the rise in this progressive city in the mountains of Western North Carolina. And no wonder. According to the U.S. Green Building Council,
the annual market for green building products and services topped $6 billion dollars last year, a solid indicator of consumer interest and direction.

When you put energy and money into an investment project, you create the future. Today's investments are tomorrow's possibilities. The more focus you place today on stewardship of historic properties and land, affordable housing, “smart growth”, rehabbing and infill projects, environmental restoration, and sustainability, the more your children’s and grandchildren’s future will include these.

A cautionary note: Investing in real estate requires a thorough understanding of how to analyze the value of a property and navigate the maze of land-use regulations, zoning laws, environmental impact reports, financing realities, and other challenges to buying and developing a property. That’s why it is important to select a point person you can rely on for thoughtful attention to your investment trajectory.

At Asheville1031, the ECO-Steward Real Estate Firm the focus is on investment property. A solid track record of success is a good indicator that we know how to “navigate the maze.” Good to know.

The firm does specialize primarily in large acreages to be placed (at least in part) into private trusts or to be developed into ecovillages, family-oriented businesses such as B&Bs and small horse farms, and sustainable urban developments. ECO certified advisors and land specialists are specifically trained to be on the lookout for excellent opportunities for clients. Many successful 1031 Exchanges is another indicator of the professional quality of this firm.

Does the future hold a “green wave” of investing where a triple bottom line, takes into account economic, social, and environmental performance indicators?
Good question. Let us know what you think


This page is powered by Blogger. Isn't yours?