HUNTERSVILLE, NC, November 30, 2012 (Press-News.org) US Residential Asset Fund, LLC (http://usresifund.com/), implemented a unique strategy by launching as an REO- (real estate-owned) to-Rental fund. Christopher J. Crippen, the Fund's manager, announced, "We put together a strategy that allows us to capitalize on the tremendous opportunities available in the REO-to-Rental markets and to support the communities we invest in.
US Residential Asset Fund's investment strategy is focused on acquiring, renovating, leasing, managing, and exiting distressed single-family properties in multiple U.S. metropolitan areas. Tenants have the option to rent the properties with a "contract for deed," paving the road to homeownership for those who otherwise would be lifelong renters. The tenants work with the Fund's strategic partner, Sagamore Home Mortgage, to resolve their credit challenges, qualify for a mortgage, and purchase the home they are renting.
Mr. Crippen, an industry expert, explained, "This is really a unique Fund. We can do something good for the communities we invest in, enable our tenants to become homeowners, and provide double-digit returns for our investors. It's a win-win-win strategy, which is hard to find in this market. I am proud to be a part of it."
US Residential Asset Fund was founded by Mr. Crippen, Dana Bradley, Al Espinoza, Patrick Cipolla, and Amos Alexander. Focusing on the $3 trillion single-family rental market, the Fund expects to invest more that $20 million over the next two years, beginning with acquiring assets in the Charlotte, Memphis, and Chicago, MSAs. Phase two acquisitions will be in the Atlanta, Indianapolis, Tampa, Orlando, MSAs.
"My partners, Innotion Enterprises, Inc. (www.innotion.com), and Performance Holdings (http://www.performanceholdings.com/), have been operating in the single-family and REO arenas, and have built a world-class acquisition, renovation, and management platform uniquely designed for these properties," Mr. Crippen continued. "We work with Sagamore Home Mortgage to work with our tenants to qualify them to purchase our properties." Christopher J. Crippen formerly headed Prescient Asset Management's FDIC ORE Disposition.
Mr. Crippen described how the program works, saying, "All of our properties are offered as 'rent to own' (RTO) to our tenants. This encourages homeownership in the markets we are investing in. Studies show that RTO tenants take better care of their properties than strictly rental tenants. The benefits are a more secure investment and the ability to give back to the communities in which we invest. It's a win-win-win situation."
The investment strategy for the US Residential Asset Fund will be focused on acquiring, renovating, leasing, managing and ultimately exiting one, two, and three family foreclosed or distressed homes in multiple US Metropolitan areas.
US Residential Asset Fund Launches as REO-to-Rental Fund
US Residential Asset Fund has launched its unique program in REO to Rental market. The strategy revolves around obtaining undervalued assets in a mix of metropolitan areas and promoting rent to own program to ensure significant returns to all participants.
2012-11-30
[Attachments] See images for this press release:
ELSE PRESS RELEASES FROM THIS DATE:
Moral evaluations of harm are instant and emotional, brain study shows
2012-11-29
People are able to detect, within a split second, if a hurtful action they are witnessing is intentional or accidental, new research on the brain at the University of Chicago shows.
The study is the first to explain how the brain is hard-wired to recognize when another person is being intentionally harmed. It also provides new insights into how such recognition is connected with emotion and morality, said lead author Jean Decety, the Irving B. Harris Professor of Psychology and Psychiatry at UChicago.
"Our data strongly support the notion that determining intentionality ...
Rules devised for building ideal protein molecules from scratch
2012-11-29
By following certain rules, scientists can prepare architectural plans for building ideal protein molecules not found in the real world. Based on these computer renditions, previously non-existent proteins can be produced from scratch in the lab. The principles to make this happen appear this month in Nature magazine.
The lead authors are Dr. Nobuyasu Koga and Dr. Rie Tatsumi-Koga, a husband-and-wife scientific team in Dr. David Baker's lab at the University of Washington Protein Design Institute.
The project benefited from hundreds of thousands of computer enthusiasts ...
Most of the harmful mutations in people arose in the past 5,000 to 10,000 years
2012-11-29
A study dating the age of more than 1 million single-letter variations in the human DNA code reveals that most of these mutations are of recent origin, evolutionarily speaking. These kinds of mutations change one nucleotide – an A, C, T or G – in the DNA sequence. Over 86 percent of the harmful protein-coding mutations of this type arose in humans just during the past 5,000 to 10,000 years.
Some of the remaining mutations of this nature may have no effect on people, and a few might be beneficial, according to the project researchers. While each specific mutation is ...
Alcoholic fly larvae need fix for learning
2012-11-29
Fly larvae fed on alcohol-spiked food for a period of days grow dependent on those spirits for learning. The findings, reported in Current Biology, a Cell Press publication, on November 29th, show how overuse of alcohol can produce lasting changes in the brain, even after alcohol abuse stops.
The report also provides evidence that the very human experience of alcoholism can be explored in part with studies conducted in fruit flies and other animals, the researchers say.
"Our evidence supports the long-ago proposed idea that functional ethanol tolerance is produced by ...
Hand use improved after spinal cord injury with noninvasive stimulation
2012-11-29
By using noninvasive stimulation, researchers were able to temporarily improve the ability of people with spinal cord injuries to use their hands. The findings, reported on November 29th in Current Biology, a Cell Press publication, hold promise in treating thousands of people in the United States alone who are partially paralyzed due to spinal cord injury.
"This approach builds on earlier work and highlights the importance of the corticospinal tract—which conducts impulses from the brain's motor cortex to the spinal cord and is a major pathway contributing to voluntary ...
Traffic cops of the immune system
2012-11-29
This press release is available in German.
Now, scientists at the Helmholtz Centre for Infection Research (HZI) have looked into the origin of Tregs and uncovered a central role played by the protein IkBNS. Armed with this knowledge, the researchers hope to manipulate Tregs in order to either inhibit or activate the immune system. Biochemist Prof. Ingo Schmitz and his team have now published their findings in the scientific journal Immunity.
The immune system is a complex network of different types of cells and chemical messengers. The regulatory cells and other immune ...
UW-Madison scientists create roadmap to metabolic reprogramming for aging
2012-11-29
MADISON – In efforts to understand what influences life span, cancer and aging, scientists are building roadmaps to navigate and learn about cells at the molecular level.
To survey previously uncharted territory, a team of researchers at UW-Madison created an "atlas" that maps more than 1,500 unique landmarks within mitochondria that could provide clues to the metabolic connections between caloric restriction and aging.
The map, as well as the techniques used to create it, could lead to a better understanding of how cell metabolism is re-wired in some cancers, age-related ...
Study helps resolve debate about how tumors spread
2012-11-29
A team of scientists, led by researchers at the University of California, San Diego School of Medicine, has shown for the first time how cancer cells control the ON/OFF switch of a program used by developing embryos to effectively metastasize in vivo, breaking free and spreading to other parts of the body, where they can proliferate and grow into secondary tumors.
The findings are published in the December 11 issue of the journal Cancer Cell.
In 90 percent of cancer deaths, it is the spreading of cancer, known as metastasis, which ultimately kills the patient by impacting ...
Study sheds light on how pancreatic cancer begins
2012-11-29
A diagnosis of pancreatic cancer is particularly devastating since the prognosis for recovery is usually poor, with the cancer most often not detected until late stages.
Research led by scientists at the University of California, San Diego and UC San Francisco Schools of Medicine examined the tumor-initiating events leading to pancreatic cancer (also called pancreatic ductal adenocarcinoma or PDA) in mice. Their work, published on line November 29 in the journal Cancer Cell, may help in the search for earlier detection methods and treatments.
"Previously, it was believed ...
Short-term exposure to essential oils lowers blood pressure and heart rate
2012-11-29
The scents which permeate our health spas from aromatic essential oils may provide more benefits than just a sense of rest and well-being.
For according to a new study(1) in the European Journal of Preventive Cardiology, the essential oils which form the basis of aromatherapy for stress relief are also reported to have a beneficial effect on heart rate and blood pressure following short-term exposure - and may therefore reduce the risk of cardiovascular disease. However, on the downside, those beneficial effects were reversed when exposure to essential oils lasted more ...
LAST 30 PRESS RELEASES:
How liberals and conservatives can have better conversations, according to a psychologist
Survey finds 25% of adults suspect they have undiagnosed ADHD
Let there be light: Bright future for solar panels, TV screens and more
Innovative nanoparticle therapy targets fat absorption to combat obesity
Novel procedure combined with semaglutide may eliminate insulin dependency in type 2 diabetes
Three key signs of major trauma could speed up treatment of severely injured children brought to emergency departments by carers not ambulances
Climate change is a health emergency too
Chronic stress accelerates colorectal cancer progression by disrupting the balance of gut microbiota, new study shows
Brazilian study identifies potential targets for treatment of visceral leishmaniasis
Using AI and iNaturalist, scientists build one of the highest resolution maps yet of California plants
Researchers identify signs tied to more severe cases of RSV
Mays Cancer Center radiation oncologist recognized as outstanding mentor to next generation leaders
Hitting the bull’s eye to target ‘undruggable’ diseases – researchers reveal new levels of detail in targeted protein degradation
SCAI publishes expert consensus statement on managing patients with ST-elevated myocardial infarction
Engineering perovskite materials at the atomic level paves way for new lasers, LEDs
Kessler Foundation 2024 Survey highlights key strategies for hiring and supporting workers with disabilities in the hospitality industry
Harnessing protons to treat cancer
Researchers identify neurodevelopmental symptoms that indicate genetic disorders
Electronic nudges to increase influenza vaccination in patients with chronic diseases
Plant stem cells: Better understanding the biological mechanism of growth control
Genomic study identifies human, animal hair in ‘man-eater’ lions’ teeth
These 19th century lions from Kenya ate humans, DNA collected from hairs in their teeth shows
A potential non-invasive stool test and novel therapy for endometriosis
Racial and ethnic disparities in age-specific all-cause mortality during the COVID-19 pandemic
Delft scientists discover how innate immunity envelops bacteria
Workforce diversity is key to advancing One Health
Genome Research publishes a special issue on innovations in computational biology
A quick and easy way to produce anode materials for sodium-ion batteries using microwaves
‘Inside-out’ galaxy growth observed in the early universe
Protein blocking bone development could hold clues for future osteoporosis treatment
[Press-News.org] US Residential Asset Fund Launches as REO-to-Rental FundUS Residential Asset Fund has launched its unique program in REO to Rental market. The strategy revolves around obtaining undervalued assets in a mix of metropolitan areas and promoting rent to own program to ensure significant returns to all participants.