DALLAS, Aug. 25, 2015 /PRNewswire/ -- US REOF I, LLC, a private equity real estate company focused on the acquisition, rehabbing, leasing and selling of single family homes in Texas and select cities in the Midwest has launched. Merrill Kaliser is the CEO of US REOF which is located at 17950 Preston Road in Dallas, Texas.
US REOF is based in Dallas, Texas with a satellite office in Houston, and will be led by CEO Merrill Kaliser. Merrill, who started his professional career as a corporate restructuring and bankruptcy attorney at Gardere, is a licensed attorney in Texas and Missouri who just completed a two and one-half year partnership with Building and Land Technology to acquire, buy, lease and sell almost 950 single family homes in Texas.
US REOF will acquire, through traditional and non-traditional avenues, distressed and/or opportunistic single family residential properties for the purposes of rehabbing, leasing, property managing and/or selling the assets. Initially, US REOF will target the Dallas/Ft. Worth and Houston metropolitan areas. Secondary markets may be Indianapolis, Kansas City and St. Louis, depending on opportunities and market conditions. Merrill anticipates this fund to be a long-term hold as the rental markets in his real estate fund's targeted areas continue to show signs of strong growth.
Merrill and his team have developed proprietary software, six sigma enhanced processes and procedures to efficiently target, acquire, rehab and lease assets. Merrill's team has been hired by several other private equity companies to assist with some underperforming real estate portfolios. His proven track record with the BLT partnership and private consulting with other private equity funds helped him launch US REOF.
This is Merrill's third private equity fund. Merrill stepped down as co-founder of his most recent fund to focus on and launch US REOF. For more information regarding US REOF, please visit www.usreof.com.
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SOURCE US REOF I LLC