Roland Sansone in Nevada on Purchasing Properties
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Roland Sansone in Nevada continues to point out that Nevada has the highest ratio of distressed real estate than any other state in the Union. Interestingly, Las Vegas still leads the nation in its percentage of properties in financial trouble.
Roland Sansone in Nevada Purchases Distressed Properties:
Roland Sansone and Sansone Companies see these worndown properties as exciting opportunities. Oftentimes, Roland and his investors step in to purchase these individual shopping centers and office complexes, considering all submarkets and property types that make sense. The team looks to buy existing debt, purchase bank-owned properties or myriad other scenarios. Upon purchase, the intent is to first stabilize them and then acquire a take out loan on the properties to renovate and grow them.
It’s always exciting when starting out with a new property that needs work. The potential for that property is tremendous and the vision begins even before purchase. Working with properties like these is one of Roland’s specialties, in addition, one of his passions.
The Boulevard Mall was purchased by Roland Sansone in 2013 for $54.5 million. A previous post talks about the renovation goals. Renovation has continued since and is the largest renovation to a Nevada mall.
Sansone recently was listed as 1 of 10 commercial property managers in Nevada with over 1.7 Million feet and 13 properties managed. This is quite an achievement for the Sansone Companies team. Roland Sansone continues to lead his team in Nevada with his sights always on the next project. One of the tips to becoming a successful real estate developer is to always be looking, considering and never remaining in your comfort zone, with only consideration of your current buildings. The Sansone team has a thorough property evaluation which controls quality, schedule, and costs, allowing the client to save.
Read More about Roland Sansone in Nevada by visiting a post in The Las Vegas Sun. His goals on helping distressed properties continues. Also, if you have a property in Nevada that are you looking to buy or sell, feel free to reach out to Roland Sansone. He will provide a consult for you.