Savant is betting on the commercial real estate market rebound in Las Vegas, Nevada and Albuquerque, New Mexico.
Las Vegas, NV - Savant Investment Partners has announced that it has completed the acquisition of more than 27,000 square feet of commercial office properties located in Las Vegas, Nevada and Albuquerque, New Mexico, all of which are 2005 or newer construction. Savant Investment Partners joined forces with two investors to acquire this portfolio which is the beginning of Savant’s efforts to acquire $50 million worth of commercial real estate by the end of 2015. Savant’s CEO, Jordan Wirsz, headed up the acquisition negotiations and underwriting process.
“The commercial real estate market is just now gaining traction,” says Jordan Wirsz, CEO of Savant Investment Partners. Wirsz continued, “the commercial real estate market comeback is a bet we are more than willing to take. We believe that commercial real estate values could double in the decade ahead.”
Savant Investment Partners is a Las Vegas, Nevada based real estate investment firm, which handles a wide variety of real estate investment matters across the U.S. including multi-family, office, industrial, retail, and land development investments. Savant Investment Partners buys, sells, manages, and invests in real estate on its own behalf and alongside its investors/partners, and clients, as well as offers a variety of real estate related services including due diligence coordination. Savant has been involved in more than $100 million of commercial real estate investment acquisitions and divestitures in recent years.
Many well-funded individual investors are flocking to the real estate asset class, not the least of which are foreign investors from Canada, Australia, and China. “The real estate comeback is just beginning, and investors are finally gaining enough confidence back to get involved,” said Mr. Wirsz. He continued, “As the economy improves, commercial real estate is going to benefit in a very big way.”