Project Pipeline
EPD engages in the acquisition, development, management and sale of distressed real estate in the US. We have identified great opportunities for long-term value appreciation.
Due to the currently extreme low purchase costs we are looking for properties with high probability of generating income from the very beginning. Properties envisaged to be put in our portfolio comprise multifamily, broken or fractured condominiums.
EPD seeks out primarily distressed or unfinished properties of high quality. We purchase the properties below replacement cost, execute the acquisitions, arrange the letting as well as the property management and finally exit the property within five years. Depending on the product we achieve an annual return between 17% and 30%.
Since EPD relies on careful planning we analyze the economies and real estate demand factors diligently to forecast the outlook for fundamentals across the property segments of each market we are investing in.
In 2009 EPD founded the Joint Venture mckafka Development Group with its US American business partner G&D Developers. The spirit of this Joint Venture is to take advantage of the current situation of the US Real Estate market, focusing in distressed properties acquisition through the purchase of broken condominiums in default, loans in default and REO's from banks.
In July 2010 mckafka Development Group succeeded in closing a landmark deal in South Florida: the class “A” property Las Olas by the River in Fort Lauderdale.
