Palm Beach Gardens, Florida – We have news on a fantastic Commercial Real Estate Company from Palm Beach Gardens, Florida. Ram is an affiliated group of companies and partnerships and since the mid 1990’s have deployed $1.5 billion in commercial real estate transactions. Ram purchase, develop, manage and retail net lease properties and residential properties in the Southeast. Ram also is in the Investment Property financing area of commercial real estate. Ram, as a group selectively acquires debt secured by retail and residential properties, which puts them in position to acquire commercial real estate at below market prices. Ram has raised two closed-end private equity real estate funds: Community Reinvestment Partners LP and Ram Realty Partners II LP.
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Ram had a recent commercial real estate transaction in Boynton Beach, Florida. Ram had bought a bank note at a nice discount. Ram took the commercial property through the foreclosure process and they implemented a development plan. This development plan also involved building a SunTrust Bank Building and a medical office building (MOB). Ram has recently sold the SunTrust Bank outparcel for $4.4 million. This commercial real estate is called West Boynton Professional Center. Ram’s strategy of acquiring property by purchasing the first mortgages and then turn them over profit. This is a profitable strategy for building wealth as is using a 1031 Exchange.
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The Florida commercial real estate development has a Sun Trust Bank, a 12,000 square foot medical office building (MOB) and an available out-parcel for future development. The net lease tenants of the medical office building are Women’s Healthcare Associates’ obstetrics and gynecology offices, Bentin Chiropractic Wellness Center and Trillium Medical Center. The SunTrust Commercial Property sold with a solid return on investment, their medical office building is fully leased, and they have one parcel left to develop. This last piece of commercial real estate allows for another 8,000 square-foot medical office building (MOB).
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The West Boynton Professional Center is located at the busiest East – West thoroughfare in the up and coming area of Boynton Beach, Florida. The western area of Boynton Beach has seen a 34% growth and an increase in population of over 43,000 people. With this type of growth, many NNN Commercial Real Estate developments have responded to the area’s supply and demand. There was a Super Target built directly across from this West Boynton Professional Center. Also many other retail net leased properties and office buildings have popped up. The NNN Commercial Real Estate developments in the area benefit from immediate access to Florida Turnpike. Also they are near Bethesda Health City and the future West Boynton Community Hospital.
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