BusinessWire - Marc Paul and Robert Robotti, co-founders of the Los Angeles-based SCI Real Estate Investments with a nationwide portfolio of over $2 billion in residential and commercial property, today introduced tREO Capital Group, Inc., a highly focused real estate firm that enables buyers to uniquely capitalize on the opportunities presented by today’s residential foreclosure market.
Along with principals Janice Jay, Berto Gonzalez, Jay Belson, Matt Epstein, Joel Adelman, Michael Sihilling and Dieter Hochheimer, the tREO real estate team has developed a state of the art process to monitor and purchase distressed-priced residential real estate at auctions in Los Angeles County.
“Investor/Buyers know that now is an incredibly opportune time to purchase deeply discounted residential homes in Los Angeles County,” said Marc Paul, tREO President, who is the former head of the Foreclosure Divisions of Merrill Lynch Realty and Prudential California Realty. “Currently there are thousands of distressed-priced homes scheduled for auction each week in LA County alone. The challenge for buyers is that most are unable to track all the homes scheduled for auction, analyze all the market and sales data, perform a title search and make a decision to buy, often in a matter of hours. tREO has developed a sophisticated system to do all of that quickly and efficiently for qualified buyers, through its unique ‘turnkey asset management program’.”
“tREO principals have already purchased over 50 homes in Los Angeles County for prospective buyers,” commented Robert Robotti, tREO’s CEO. “There is a wide range of pent up demand from high net worth individuals, and corporate and institutional investors for our tREO investment opportunities. Most of our clients acquire multiple properties each month seeking to earn yields that can regularly exceed 30% IRR. tREO’s extensive team experience and financial resources allow it to be a top choice among investors seeking to receive the ‘turnkey’ services provided by a truly professional organization.”
About tREO Capital Group
tREO Capital Group, Inc. is a real estate company that enables buyers to purchase distressed-priced residential real estate. Based in Los Angeles, tREO is comprised of over 20 real estate professionals who have combined experience in selling over 1,400 real estate owned (REO) properties as brokers and have purchased over 120 foreclosure properties as principals. For more information please call Seth Phillips at 213.784.4447 or his email seth@smarterealestate.com
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