Kevin Greene President CMC Financial Services 1291 W. Galleria Drive, Suite 210 888-942-9292 email@example.com
Consider the risks when assessing real estate investment opportunities: Due Diligence • Inadequate geotechnical land analysis • Bonding issues unknown to the uneducated investor • Vulture buying practices eroding present real estate values • Weak market fundamentals
Distress + Positive Market Fundamentals +Local Focus + Vision = Opportunity
Adding value to real estate investments in an opportunistic market is essential. • Seasoned real estate professionals • Strong market fundamentals, example: Las Vegas • Industry expansion • Job creation • Population growth • Available land supply
Industry Expansion $20 billion in new resort construction completed in 2008 or currently underway Palms Place Caesars Palace Expansion Encore Aliante Station City Center Hard Rock Expansion Fontainebleau Eastside Cannery The Palazzo Source: Las Vegas Convention & Visitors Authority, October 20, 2008
Job Creation Nevada is a leader in employment growth • Tens of thousands of gaming and hospitality opportunities to be created as well as non-industry and retail jobs
Population Growth • “According to the US Census Bureau report released April 21, 2005, Nevada will be the nation’s fastest growing state for the next two and a half decades. By 2020 Las Vegas is expected to have a population of nearly 3 million residents.” Illustrated above is the annualized level of migration with the most significant population growth highlighted in dark blue.
Available Land Supply • 36,000 (+/-) acres of federal and private land remaining for residential development • Historical residential absorption rates of 5,400 acres per year • Current residential land supply is projected to be exhausted in less than 10 years Source: Article from In Business Las Vegas, April 2007.
Markets Overcoming Crisis In the midst of recession or market downturns, Las Vegas shows resilience. Source: Las Vegas Sun, January 2008.