About

In 2008, NREV was founded for the purpose of becoming the industry leader in the profitable acquisition, management, and disposition of distressed residential and commercial assets throughout the United States. Since the reputations of many of the leading financial firms suffered during the beginning of the recession in 2008, NREV determined that it should bring new and higher standards in real estate business practices to the purchase and sale of residential and commercial distressed properties throughout the United States.

With this in mind, NREV put together a team of individuals made up of the most talented and experienced individuals in the fields of property acquisition, management and disposition. With this experience also came a host of contacts with government, outsourcers and banks, which NREV uses to streamline its purchasing, managing and selling of property assets, thus maximizing the return on investment.

Recently, NREV purchased the first in a series of portfolios from federal agencies.  In early March, it expects to purchase the second portfolio which is expected to comprise several hundred properties.   These purchases are highly advantageous, given the severe restriction of REO supply due to federal mortgage modification programs such as HAMP, as well as foreclosure moratoria, the Tenant Foreclosure Protection Act and many other factors which have brought the supply of new REO for sale to almost a standstill, while demand for REO is virtually insatiable.

NREV is also in the due diligence process analyzing a number of multifamily buildings in desirable cities.  We expect that multifamily will lead by years the recovery of other income producing real estate properties. We have found a great demand for income producing properties, which can only find profitability in the multifamily sector.

It was also determined that as well as being profitable, NREV can help communities damaged by the economic downturn. Therefore, NREV is very active in developing an affordable housing program which will hopefully be as successful as the program championed by NREV’s CEO, Peter Monroe, while President of the RTC Oversight Board.