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Buyers add "Commercial Retail Shopping Center" to their Christmas Shopping List
DALLAS, TX (November 2007) - How many times have you left a store you frequented and said, "I shop there so much, I should own stock in the place!" Well, now you can shop there and own stock in the place too. Introducing Nexregen, an online commercial real estate portal that is changing the way people "shop" online. Smaller investors can now go online to purchase securities representing ownership in income-producing commercial real estate without paying high-priced brokerage fees. "Through Nexregen, you don't have to be a Donald Trump to enjoy the benefits of owning commercial real estate", said Nexregen owner Ray Wirta, former CEO of CB Richard Ellis (NYSE:CBG), the largest real estate services firm in the world. Wirta currently serves as vice chairman of CBRE's board of directors.
Leveling the Playing Field NEXREGENTM was founded on the principle that individual investors should be empowered to make their own investment choices and have available the same real estate opportunities typically reserved for high net worth individuals and institutions. Through Nexregen's online portal, detailed property information is available for download so would-be investors can make informed purchasing decisions in the privacy of their own home. "We've taken the mystery out of the investment process so the average investor has access to the same information normally available to brokers", said Wirta. "We're leveling the playing field". "Owners receive quarterly checks for as long as they own the property and receive a check when the property is sold", Wirta said. Future checks depend on Nexregen's continuing ability to lease and manage the property, which is the sole source of investor returns.
The First Deal So, what's for sale? Firewheel Village Shopping Center in Garland - a 149,000 square foot facility located within the highly successful Firewheel area. The shopping center is anchored by three major retailers: Hobby Lobby, Big Lots, and Mardels. The facility is one hundred percent leased. Like other real estate investors, the project bears risks that market conditions or loss of tenants may affect its ability to pay future distributions.
Background Co-founders, Wirta 63, and Harold Hofer, 51, have a combined sixty years of real estate experience. Both have overseen multiple, multi-hundred million dollar deals. Recognizing a gap in the market for smaller investors, Nexregen was formed earlier this year. Of course, Nexregen itself, as a start-up, does not have a history of past performance or profits for investors to judge its success. The company's name, NEXREGENTM, was developed from a combination of words that mean the Next Real Estate Generation of investors. Historically, smaller investors interested in buying real estate were limited to purchasing a portfolio of properties through mutual funds or public or private REITS (Real Estate Investment Trusts).
Through NEXREGENTM, registered users will be able to view featured properties for sale online and download the Prospectus and other vital information such as property descriptions, site plans, photos, aerial views, local demographics and tenant rosters. They can also drive by the site to see it for themselves. **Offers of securities are made only by Prospectus, which contains a discussion of risks involved in making the investment. The Prospectus can be viewed by Texas residents who register on the Nexregen.com website. Our securities may only be purchased by Texas residents. For more information go to http://www.nexregen.com/, or call 1-888-749-3026.
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