Salzano commented, "Infilling the last Raw Land Lots in Major Cities is a safe, ongoing realty play due to massive perpetual demand of tenants and buyers. Philadelphia, the # 6 largest US City, adding a 10 Year no property tax abatement to new buildings drives the trend further. Top cities have this type of safe action. The massive re-urbanization and gentrification trend of the past 20 years is accelerated in Philadelphia – the "Next Manhattan". Old and young are moving towards the Cities for jobs, low cost commutation, reduced insurance costs, entertainment , shopping, and fun. Philadelphia is the epitome of this national megatrend"
"Luxury Town Home Builds are zoning possible whereas many other project types are not. Luxury Town Home builds with rapid rental in this very low vacancy market allow tenants to carry and pay down your property while building ground up gives owners a built in equity kicker for resale of $150,000 to $250,000 per unit. Combining rents with re-sale creates safe unprecedented 30% to 50% annual returns after full dilution. Philadelphia class A prime realty opportunities totaling $80,000,000 per annum remain in 7- 10 or so projects per year"
Other speakers on the panel included Brooks Blake of Verdis Investment Management, Robert Kafarski of Sentry Management Corp. / Washington Realty Capital Group LLC & Anthony Gellert of Livingston Capital.
• * * Nicholas Salzano, is a Senior Vice President for National Realty and a graduate of Rutgers University. He has twenty years of mortgage realty finance experience, with both residential and commercial properties developed and owned, managed and financed. Eight (8) years business development in major Philadelphia PA residential realty projects for investors only. In that time he has completed over 25 large scale development projects ranging from $5,000,000 to $50,000,000 per location. He has extensive experience on hundreds of units and large scale residential projects in the Philadelphia PA market is well established. • * * National Realty Investment Advisors, LLC is a team of highly qualified real estate investment specialists that build and manage top quality homes on behalf of its high net worth clients. The firm started operations in 2006 and has till now completed more than 615 new construction and renovation projects in Philadelphia region. NRIA generates large rent, value and cost advantages for its clients by locating undervalued land and undertaking high level construction on it with the help of 11 licensed professionals. At a small cash-in of $11,900 per unit desired and 100% financing, National Realty Investment Advisors, LLC builds a quality home that is pre-rented for 5 years and includes no property tax. • * *
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For more information on of National Realty Investment Advisors contact Nicholas Salzano at PH 201-210-2727. For more information on the Ivy Family Office Network, contact us at 646-290-8114 or at ivyfon.com/contact.html.