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G8 Capital Completes Two More Bulk REO Acquisitions

  • G8 Capital has recently acquired two REO portfolios, representing 497 single-family properties across 24 states;
  • G8 Capital closed one acquisition within three days after another buyer failed to perform, again demonstrating its ability to close quickly with all cash

LADERA RANCH, CA – October 8, 2010 – G8 Capital, a private equity real estate management company, announced today that it recently closed on two additional bulk REO portfolios. The nationwide portfolios consist of 497 single-family properties across 24 different states. The largest concentration of properties was in the Western States, with more than half of the properties located in California and Arizona.

G8 Capital purchases bulk portfolios from nearly all the major U.S. banks, as well as many loan servicers and other owners of REO properties who are looking to get properties off their books while receiving fair wholesale value in return. G8 Capital has purchased more than 2,500 REO properties during the current economic down-cycle, and has completed more than 30 portfolio acquisitions over the past three years.

Banks and other sellers continue to work with G8 Capital because of its proven track record and ability to close quickly and on-time. G8 Capital purchases bulk REO portfolios with cash and funds all its portfolio acquisitions with funds from local, high-net worth individuals.

“G8 Capital continues to be sought out by financial institutions throughout the United Sates because we are able to purchase bulk REO portfolios with cash and facilitate quick closings on residential and multifamily portfolios, including those that have challenges associated with them. We are often approached for quick closings after other firms have failed to perform,” said Evan Gentry, president and CEO of G8 Capital. “We are set apart from many other firms by our ability to consistently perform.”

G8 Capital is primarily focused on acquiring single-family and multi-family residential portfolios — purchasing both REO properties and non-performing loan portfolios. G8 Capital employs numerous strategies with the properties it acquires. The strategy varies based on property location, property size and seller requirements. Strategies include renovating properties to sell to retail buyers, selling to local investors and holding properties as rentals for longer-term cash flow.

About G8 Capital

G8 Capital (www.g8cap.com) is a prudent and disciplined investment firm focused on opportunity-based acquisitions of both residential and commercial real estate assets. G8 Capital acquires real estate and loan portfolios from financial institutions and other sellers that are looking to get fair value and timely execution.