Costa Rica Real Estate

Innovative Real Estate Investments Announces its Decision to go Public and Expand its Business Operations

Growing property developer announces its expansion plans into the new trend of multi-use, multi-functional development communities

Las Vegas, NV (PRWEB) October 2, 2006 -- Innovative Real Estate Investments, LLC [IREI] today announced the signing of an investment banking / business consulting agreement with The Seven Investment Group [TSIG] as part of the company’s expansion plans; the company will further penetrate the market in the business of providing real estate and property management services for individuals interested in achieving financial security by taking advantage of real estate investment opportunities across the globe. Part of the IREI portfolio of services is in the offering of opportunities to educate consumers in the areas of real estate investment, financing and property management.Hawaii Multi-Functional Development Community One project at the forefront of the IREI development plans are a multi-home, multi-functional development community in Kona, Hawaii. The investment banking agreement signed provides for the promulgation of required funding for this project in the amount of $352 million which will be provided by TSIG.

The money will be allocated to take care of all the requirements, including total $28 million for 1,153 acres of land and $323 million for community construction: semi-custom homes, mixed used projects, condominiums, town homes, retirement living (1,358 total units), community parks, recreational centers, restaurants, performing arts theaters and community access roads.Todd Kitchens, Chairman and Chief Executive Officer, commented, ''We were pleased to have closed this transaction with The Seven Investment Group. We feel this is the right strategy for our company, providing our current investors with the opportunity of an exit strategy by taking our company public and offering our development and real estate investment activities to the public markets.'' Real Estate Development Activity As part of its core competency, IREI has a turnkey Real Estate Investment system for short and long term investors, including providing seminars which is formulated as client education on real estate savvy investing. The main substance of these seminars is in Business Entities Structuring (owning multiple income producing properties).

IREI is also involved in Property Management (lease options, rentals, vacation rentals, time shares as investment properties) and Financial Planning Services (real estate retirement plans, portfolio plans disposable investments etc. “One of the strengths and capabilities of our core service is that we guarantee sales (no speculative sales) through a proprietary business process that allows us to generate sales at current or higher values without ever underselling,” says Kitchens. “Our real estate investment system is effective whether the market is up or down and can not only financially boost economies but provide the proverbial ‘American Dream’ of home ownership for people in the communities in which we invest.”

Financing Activity In the last 30 days, Innovative Real Estate has completed 3 investment transactions and is on track to close 10 other transactions which includes fixed-rate financing and variable rate construction loans. The Seven Investment Group SEC counsel has begun preparation of all necessary documents for filing with the SEC once all paperwork is completed IREI will begin the process of going public.Geno Brunton, Managing Partner of The Seven Investment Group, believes, “Wall Street is more weary of intangible companies that ever before. It is evident in what investors and investment bankers are willing to support for the long term. ‘Bricks & Mortar’ companies like IREI are exactly what investors are looking for in long term, solid investments. I see a bright future for this young company and being privy to their long term plan allows us to get a glimpse of their potential.”

About TSIG

The Seven Investment Group is a private investment banking firm that provides integrated business solutions and consultation to private and public companies, orchestrating strategic partnerships, distribution deal memos and financing relationships. From the writing of business plans to advice on strategic growth and capitalization strategies to the implementation of funding and investment vehicles, reverse mergers and acquisitions, TSIG provides a comprehensive array of services to growing corporations. Visit: www.tsig.org About IREIInnovative Real Estate Investments, LLC began its operation in June 2004. Headquartered in the City of Las Vegas in the State of Nevada, its operations expands locally within the United States and Internationally.Once development in Hawaii has begun, IREI will roll forward as a $300 million real estate company and will initially look be listed on the NASDAQ OTCBB with a later bid for a NASDAQ or AMEX listing. The Company is principally engaged in the ownership, development, acquisition and management of commercial and residential real estate throughout the United States.

The company has targeted property development deals in the retail, residential, office and hotel sectors in New York, Los Angeles, Las Vegas, Boston, Tucson, Detroit, Washington, D.C., San Francisco, Mexico and Costa Rica.

Contact:
The BCC Group, Irvine
Michael Firewalker,
www.thebccgroup.net

posted by Coldwell Banker Costa Rica @ 3:04 PM