MAITLAND, FL --- CommerCenters, LLC, which has developed flex warehouse distribution centers that total more than 1.5 million square feet in six Central Florida locations, is shifting its focus to concentrate on private equity funds and investments that target commercial real estate assets and associated service companies.
George Livingston (top right photo), CIPS a principal of CommerCenters, LLC, as well as Chairman of NAI Realvest Development in Maitland and a longtime area real estate investment analyst, said CommerCenters has evolved into an international capital market company that offers proven expertise in commercial real estate development, asset management and long-term growth.
Livingston said CommerCenters funds will invest in rental apartment properties driven by work force and population growth, senior housing and assisted living facilities, and new medical facilities, especially those that are age related.
“The U.S. economy and its commercial real estate market is in the early stage of recovery from a deep and long recession,” Livingston explained.
“The financial markets still suffer from a shortage of capital, yet opportunities for development and investment can be identified and exploited. With a dependable source of equity capital, investors can react to opportunities quickly, and that’s where CommerCenters will focus,” Livingston said.
Livingston added that CommerCenters plans to diversify its investment portfolio across several property types, with multiple developers and investor partners.
Livingston said CommerCenters will look for opportunities that offer solid long-term potential.
“We anticipate returns in the 15 to 20 percent range over a period of seven years,” he said.
CommerCenters, LLC and its subsidiary, Realvest Development, LLC are involved in all aspects of speculative and build-to-suit commercial real estate investment and development from acquisition, planning, design, permitting, and construction through sale or lease.
Over the past decade, CommerCenters and its development partners have developed over 1,500,000 square feet of industrial and office space in the Central Florida area.
For more information, contact
George Livingston, Chairman CommerCenters LLC 407-875-9989
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142
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