Omaha, NE, August 27, 2010 --(PR.com
)-- Kingsbury Capital Partners, LLC today announced its formation of an investment division (Kingsbury Property Group) focused on America’s luxury real estate. Kingsbury Capital Partners, LLC represents an Omaha based Real Estate Investment Firm, looking to make principal investments in residential non-performing loans, distressed assets, and select residential development opportunities.
Kingsbury Capital Partners, LLC was founded by Richard M. Kingsbury. Mr. Kingsbury has been involved for many years in real estate development, finance, joint ventures, loan acquisitions, and M&A transactions.
"The struggling real estate market continues to create tremendous opportunities and continues to create attractive investments", said Richard Kingsbury. Kingsbury goes on to say "a major opportunity in the U.S. debt market, specifically purchasing luxury real estate assets from individuals that have grown their portfolios rapidly over the past few years and have a need or are required to reduce or rebalance real estate exposure."
"We believe purchasing high-end non-performing assets in good locations generates superior risk-adjusted returns compared with buying properties in some of today’s debt ridden markets," said Kingsbury.
Kingsbury Capital Partners initial investment vehicle targets the acquisition of luxury homes from individuals that need to liquidate as quickly as possible.
Kingsbury Capital Partners investment criteria cover multiple property types and a full range of performance characteristics, including performing, subperforming, and nonperforming loans. The firm is evaluating a pipeline of investment opportunities and is growing significantly as a result of the recent expansion into luxury real estate.