DAPHNE, AL., MARCH 2015 – Grant Cardone, owner and CEO of Cardone Real Estate Acquisitions, LLC, expanded his multi-family portfolio to the Southeast United States with a purchase of a 344 unit multi-family community in Daphne, Alabama.
“I know the eastern shore with access to downtown Mobile and major companies provides a great quality of life to the area. I love the excellent schools and proximity to the beach,” says Grant Cardone. This high performance for the Eastern Shore submarket is proven by high occupancy and rental rates.
Mike Kemether of Cushman & Wakefield helped broker this acquisition, along with loans secured through William Cave at Wells Fargo and Freddie Mac.
Grant Cardone himself says, “I will go anywhere there are value-add opportunities in cash flow producing multi-family properties, where there exist some barriers to entry.”
About Grant Cardone:
Grant Cardone is an American entrepreneur, sales training expert, international speaker, business innovator, and New York Times bestselling author of five books. He is a highly respected salesperson whose passion is to teach people how to sell themselves, their products, and services regardless of economic climate. His books, audio packages, seminars and on-demand business show network provide people of all professional backgrounds with the practical tools necessary to build their path to true freedom. You can also follow Cardone on Twitter @grantcardone or visit http://www.grantcardone.com/
About Cardone Real Estate Acquisitions, LLC:
Founded in 1995, Cardone Real Estate Acquisitions, LLC is a multi-family real estate acquisition firm, which currently owns over 3,400 units across the USA and plans to expand to 5,000 units by the end of 2015. Cardone has acquired properties in San Diego, Tucson, Austin, Houston, Charlotte, Savannah, Daphne, Orlando, Tampa, and Miami. He has worked with real estate giants CBRE, Cushman Wakefield, and Berkshire’s Berkadia in locating and acquiring properties while utilizing Wells Fargo, Northern Trust and PNC for debt. You can find more information at http://cardoneacquisitions.com/