A Closer Look at Nexia Holdings, Inc.’s (NXHD.OB) Unique Real Estate Acquisition Strategy
In the fourth quarter of last year, Nexia Holdings told investors that President Richard Surber has developed a new real estate acquisition strategy for the company. This plan focuses on growing Nexia’s real estate portfolio, while creating value for its shareholders, as large portfolios of residential real estate held by banks, individuals, corporations or other entities as a result of subprime or other foreclosed loans are capitalized on. Normally, these owners only have the following exit strategies: Quickly resell the property, Obtain financing to pull their capital out of the properties, Lease or rent the properties which may require additional…