Real Estate Partners Sponsors Financial Aid and Relocation Programs; REP suffers loss of its two Gretna apartment communities could exceed $25 Million
(PRLEAP.COM) Irvine, CA — In response to the catastrophic devastation wrought by Hurricane Katrina, Real Estate Partners, Inc. announced that it is sponsoring a financial aid and relocation programs to offer aid to Hurricane Katrina survivors.“We want to do whatever we can as a company to provide aid,” says Tom Thompson, president of Real Estate Partners. “Everyone has suffered such staggering losses.”
Real Estate Partners is implementing a direct email and phone campaign to solicit financial contributions to the Red Cross from individuals as well as companies to assist in the relief efforts. “We have also added a link on our corporate site www.realestatepartnersinc.com and have launched www.gretnakatrinarelief.com to facilitate additional donations to the Red Cross,” notes Thompson.
Hurricane Katrina and flooding ravaged Real Estate Partners’ two apartment communities in the New Orleans, LA area. Losses could exceed $25,000,000. “We own 452 apartment units in Gretna as part of our company’s 5,500-unit apartment portfolio. Power and means of communication have not been restored so we have no way of communicating with any of our residents or property managers at this time. However, we are making arrangements with our San Antonio property managers to accept as many of our displaced Gretna residents as possible. We are fortunate to have the infrastructure already in place to assist in this terrible tragedy,” Thompson says. Real Estate Partners also owns 720 apartment units in San Antonio, TX.
“We hope that many companies will join us in sponsoring aid programs to help these survivors. This is a critical time in our country’s history,” Thompson added.
About Real Estate Partners
Real Estate Partners, Inc., based in Irvine, CA, is a privately held real estate investment services firm specializing in the acquisition, repositioning, management and disposition of high-growth properties, including multifamily, retail, office and industrial. Real Estate Partners offers unique opportunities to individual and group investors and 1031 exchanges requirements. The principals and officers of Real Estate Partners are creative, experienced commercial real estate investment and finance professionals who are dedicated to maximizing investor value through strategic acquisitions, key partnerships and a suite of management services. Currently, Real Estate Partners’ owns and manages $475 million in real estate assets, including approximately 5,500 multifamily units and 550,000 square feet of commercial property. The firm also holds a majority interest in Real Estate Partners Asset Management Services, Inc. and REP Commercial, Inc., a full-service brokerage firm. For more information, call 877-986-1700 toll-free or visit www.realestatepartnersinc.com.
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