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OrbVest Closes Acquisition of Fleming Island Medical Office Building…

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OrbVest Closes Acquisition of Fleming Island Medical Office Building in Jacksonville, Florida

OrbVest Closes Acquisition of Fleming Island Medical Office Building in Jacksonville, Florida

Our expansion in Florida is driven by the fundamentals that underlie all of OrbVest’s acquisitions… Fleming Island is a class A healthcare asset in an excellent location and is considered to be one of the best medical office buildings available.

OrbVest, a global real estate company investing in income-producing medical commercial real estate in the United States recently closed its purchase of Fleming Island, a 76,771-square-foot office property located in Jacksonville, Florida for $14,450,000.

Fleming Island, located at 4565 US Highway 17, was built in 2010, has 350 feet of frontage on US Highway 17, and is 1⁄4 mile north of CR-220. The anchor tenant, Family Care Partners, occupies 30% of the building and is being taken over by the InnovaCare Health group, which will guarantee the current lease, expiring in 2031, and is expected to bring additional specialties to the building.

“Our expansion in Florida is driven by the fundamentals that underlie all of OrbVest’s acquisitions. Jacksonville, the largest city in Florida, is growing fast and boasts a well-rounded, diverse industry base. Between 2010 and 2018, Jacksonville’s population increased by almost 14%, which is 139% faster than the national average,” said Martin Freeman, OrbVest CEO.

OrbVest has a portfolio of over one million square feet representing more than $340 million of specialized medical real estate under management. OrbVest acquires profitable medical office commercial buildings in fast-growing locations across the United States, raising equity from limited partners from over 20 countries around the globe.

Lincoln Harris LLC, a leading national healthcare real estate firm currently managing over 31 million square feet across 730 buildings in 22 states, is a co-sponsor for this project.

“We continue to believe that healthcare-related commercial real estate in the United States has been able to prove its resilience before and during the pandemic, and should continue its growth as an aging population and technological progress continue along its inevitable path,” said Freeman. “Fleming Island is a class A healthcare asset in an excellent location and is considered to be one of the best medical office buildings available. The Jacksonville medical office building market currently consists of a total 8.5 million square feet with an average occupancy of 94.3%.”

Fleming Island is OrbVest’s fourth acquisition since the start of 2021, securing its third property in Princeton, New Jersey, a medical and office building comprising 40,028 square feet of rentable space; Talavi Spectrum, a 74,662-square-foot, multi-tenant office building in Phoenix, Arizona, OrbVest’s second property in greater Phoenix metro area; and a 11,852-square-foot Great Expressions Dental Centers office situated on 1.15 acres in Fayetteville, Georgia.

OrbVest is actively pursuing additional medical office building investments across the United States to provide enhanced diversification for its investors and reduce concentration risk.

About OrbVest

OrbVest is a global real estate company that invests in US income producing medical commercial real estate. Within seven years, OrbVest has assembled a portfolio of over 1.4 million square feet representing >$360m real estate under management (REUM) with a 65% re-investment rate.

OrbVest’s goal is to make investing in global real estate simple for small and large investors who are able to invest from as little as $5,000. Clients use a convenient online platform to invest directly into low risk commercial assets, primarily in the Healthcare niche. The investments generate regular dividends (±8% per annum) that are distributed on a quarterly basis creating annuity income and long-term wealth over the period of investment. (Targeted IRR of 11% to 17%).

For more information, visit https://orbvest.com/ or email [email protected]

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Source: https://www.prweb.com/releases/orbvest_closes_acquisition_of_fleming_island_medical_office_building_in_jacksonville_florida/prweb18003832.htm

Blockchain

Unique Bitcoin-backed home loan refinancing deal in California

Glen Oaks Escrow has made its first BTC-backed refinancing of a property in San Diego.

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One of Southern California’s largest independent escrow companies, Glen Oaks Escrow, has announced its first property refinancing with a Bitcoin-backed loan.

The company stated that this is the first time a refinancing has been completed using Bitcoin as collateral. In the July 28 announcement it added that it has previously facilitated a number of real estate transactions that used BTC as the form of payment.

Glen Oaks Escrow, which started accepting Bitcoin payments in 2018, views the transaction as proof that Bitcoin’s value proposition is becoming clearer to debtors and creditors. Company Chief Operating Officer Joe Curtis commented:

“Seeing a lender use cryptocurrency for a refinance shows us that this payment method is continuing to grow in how it’s used and who it’s used by.”

He added that seeing the lender rather than the home buyer using BTC in a real estate transaction “tells us that this technology has the potential to continue becoming more prominent, even if it is still considered new to our industry.”

In another crypto related real estate development, a Dogecoin aficionado from the U.S. state of Utah has offered a 10% discount on his property if the buyer pays in DOGE.

On July 27, a local TV station reported that the owner listed the $389,000 home for sale and will accept seven cryptocurrencies but prefers Dogecoin due to his belief the 10% discount would quickly be made up for by Dogecoin price appreciation. After applying the discount, the amount of DOGE required to make the purchase would be around 1.7 million tokens at current prices.

Way back in 2017, Cointelegraph reported on the first-ever BTC real estate transaction which occurred in Texas.

Related: 5 Cities That Let You Buy Real Estate with Bitcoin

These two new stories are the latest positive developments in the real estate sector. On July 23, Cointelegraph reported that an increasing number of real estate firms are accepting payments in cryptocurrency.

CEO and founder of The Crypto Realty Group, Piper Moretti, told Cointelegraph that many buyers purchasing real estate with digital assets are taking loans out against their cryptocurrency, so they can still benefit from holding coins while putting the value to work.

In May, it was reported that buyers could even use Dogecoin to make a property purchase in Portugal. FNTX Capital Suisse partnered with Portugal-based property developer 355 Developments to offer condos for crypto in the capital, Lisbon.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://cointelegraph.com/news/unique-bitcoin-backed-home-loan-refinancing-deal-in-california

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Blockchain

Unique Bitcoin-backed home loan refinancing deal in California

Glen Oaks Escrow has made its first BTC-backed refinancing of a property in San Diego.

Published

on

One of Southern California’s largest independent escrow companies, Glen Oaks Escrow, has announced its first property refinancing with a Bitcoin-backed loan.

The company stated that this is the first time a refinancing has been completed using Bitcoin as collateral. In the July 28 announcement it added that it has previously facilitated a number of real estate transactions that used BTC as the form of payment.

Glen Oaks Escrow, which started accepting Bitcoin payments in 2018, views the transaction as proof that Bitcoin’s value proposition is becoming clearer to debtors and creditors. Company Chief Operating Officer Joe Curtis commented:

“Seeing a lender use cryptocurrency for a refinance shows us that this payment method is continuing to grow in how it’s used and who it’s used by.”

He added that seeing the lender rather than the home buyer using BTC in a real estate transaction “tells us that this technology has the potential to continue becoming more prominent, even if it is still considered new to our industry.”

In another crypto related real estate development, a Dogecoin aficionado from the U.S. state of Utah has offered a 10% discount on his property if the buyer pays in DOGE.

On July 27, a local TV station reported that the owner listed the $389,000 home for sale and will accept seven cryptocurrencies but prefers Dogecoin due to his belief the 10% discount would quickly be made up for by Dogecoin price appreciation. After applying the discount, the amount of DOGE required to make the purchase would be around 1.7 million tokens at current prices.

Way back in 2017, Cointelegraph reported on the first-ever BTC real estate transaction which occurred in Texas.

Related: 5 Cities That Let You Buy Real Estate with Bitcoin

These two new stories are the latest positive developments in the real estate sector. On July 23, Cointelegraph reported that an increasing number of real estate firms are accepting payments in cryptocurrency.

CEO and founder of The Crypto Realty Group, Piper Moretti, told Cointelegraph that many buyers purchasing real estate with digital assets are taking loans out against their cryptocurrency, so they can still benefit from holding coins while putting the value to work.

In May, it was reported that buyers could even use Dogecoin to make a property purchase in Portugal. FNTX Capital Suisse partnered with Portugal-based property developer 355 Developments to offer condos for crypto in the capital, Lisbon.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://cointelegraph.com/news/unique-bitcoin-backed-home-loan-refinancing-deal-in-california

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Real Estate

Texas Premier Locksmith in Dallas Offers 10 Percent Discount on…

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Keyless deadbolts—also known as electronic deadbolts—represent a significant advance in residential and commercial security. Instead of requiring a key for entry, they use an access code. Some also have voice control, wifi, and alarm options.

Texas Premier Locksmith has seen an increase in requests for keyless deadbolt installation thanks to their high-tech advantages. For one, homeowners never need to worry about being locked out of the house when they forget their keys; a keyless deadbolt is unlocked with a unique PIN. Because they’re powered by batteries, they are not affected by power outages, but they do have backup access to ensure that even if the batteries run out, the deadbolt can be opened.

Many brands of keyless deadbolts can be integrated with home and commercial security systems, offering customers peace of mind knowing they have an extra layer of protection from intruders. Some keyless deadbolts even have the ability to connect to lights within a home or business, so they can be set to turn on when the deadbolt is opened.

Texas Premier Locksmith is pleased to help Dallas homeowners take advantage of this new technology by offering a 10 percent discount on keyless deadbolts for the entire month of August.

With same-day services, licensed and insured technicians, and high quality equipment and materials, Texas Premier Locksmith is the top choice of homeowners and businesses looking for expert keyless deadbolt installation in Dallas.

About Texas Premier Locksmith

Texas Premier Locksmith provides expert locksmith services in Dallas, TX and its surrounding area. Learn more about their services by visiting https://txpremierlocksmith.com, calling 972-301-2292, or stopping by their storefront at 6959 Arapaho Rd. Suite 125, Dallas,TX 75248.

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Source: https://www.prweb.com/releases/texas_premier_locksmith_in_dallas_offers_10_percent_discount_on_keyless_deadbolts/prweb18094332.htm

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Real Estate

Solvang Insurance Agent Tips to Help Home Owners Protect Their…

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insurance Solvang

A home can be an asset that pays off when it’s time to move to a larger home, for college tuition and for retirement.

The online real estate “firsttuesday Journal,” reports that more than 47,000 homes sold in California in March 2021, 39-percent higher than the previous year. Homeownership is a primary goal for many in California and across the nation and Rick Torres, owner of R.W. Torres Insurance Agency in Solvang said, “It’s important to protect this valuable asset.”

For most, a home is the largest purchase they will make in their lifetime. A home can be an asset that pays off when it’s time to move to a larger home, for college tuition and for retirement, plus a variety of other situations. “Homeownership is a significant achievement and an important part of life,” said Torres. “New homeowners celebrate by hosting a housewarming party to share their new home with friends and family, but there are some other important ways to mark the achievement of buying a home.”

Tips for helping protect the investment of a home include:

  • Mark the calendar for scheduling important home inspections. Inspecting the roof and underneath the home, termite inspections, electrical inspections, inspecting plumbing for leaks and identifying and eliminating fire hazards inside and outside can be critical for preventing serious damage. National Home Ownership Month, in June of each year, can be a good reminder for taking care of some of the business of homeownership.
  • “New buyers, especially first-time buyers, can benefit by setting aside a specific time to plan and review the new home purchase budget,” said the Solvang insurance agent. “If the home is already in escrow, or you have moved in, take some time to prioritize and estimate the cost of any improvements you want to make. Some things, like landscaping, can be completed section by section, spreading the cost over time.
  • Homeowner insurance is part of the family budget, but it’s also part of the home purchase/maintenance budget. Those who already own a home are going to benefit from a review. Events such as an increase in salary, a new baby, a marriage or divorce, even the death of a partner, can change the owners’ liability risk. It’s important to be sufficiently protected.

“Homeowners insurance not only protects the owners and their families from risk,” said the Solvang insurance agent, “it helps protect the family in the event the home is damaged, if personal possessions are stolen or damaged or if someone is injured on your property. The value of the home also influences the owners’ liability risk. First-time homeowners want to be sure their risk is minimized and that the home is insured at the correct value.

Rick Torres owner of the RW Torres Insurance Agency has been a State Farm Insurance agent since 2007 and provides a full suite of State Farm Insurance products, including Auto, Home, Property, Business, Life, Health. Torres is also an active member of the Solvang and Buellton Chamber of Commerce, National Association of Insurance and Financial Advisors and an affiliate of the Santa Ynez Association of Realtors.

RW Torres Insurance Agency, Inc.

540 Alisal Road, Suite 4

Solvang, CA 93463

(805) 688-5418

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Source: https://www.prweb.com/releases/solvang_insurance_agent_tips_to_help_home_owners_protect_their_investment/prweb18097781.htm

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