Monday, September 15, 2008

Chaos Creates Opportunities

There is no doubt about it the US economy is in a recession! Things are bad on Main Street, Wall Street and everywhere in between. These times are difficult but they also prove great opportunities. The greatest real estate companies have been created in the down cycle of the market swing and not during the high times.

"There is no such thing as bad weather. Just improper clothing." Anonymous

We as a company have an amazing opportunity to prosper in these turbulent times if we flawlessly execute on our model over the next few years. Under performing properties will not make it in this business climate. We need to find them and buy them.

Our focus on the resident is the right model for today’s market. Residents have options and we need to make sure that staying in a Signature Community is the best one for them. We can do that.

Ability in financing in a market like this is key to our existence. Fortunately, we have a good track record with our lenders and continue to perform extremely well in regards to paying off loans and meeting our promises to lenders. If we want to continue borrowing then we need to make sure that we make no mistakes in this area. Performance is our existing portfolio it is our only track record to point to. We must keep that record up in order to continue of acquisitions pace.

"You can't build a reputation on what you are going to do." - Henry Ford

Our Investors relationships, although relatively new, are strong because of our performance over the past few months in these difficult times. They continue to expand into new opportunities but again it will only last as long as our success.

"Vision is the art of seeing what is invisible to others." - Jonathan Swift

The one thing I have always found interesting about Wall Street is its win-lose proposition. One side has to win and the other has to lose. Today many Billions of dollars are being lost but that means that someone is making them somewhere else. It’s up to us to take advantage of the opportunity.

Let's Make It Happen!
Nick

No comments: