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Category Archives: SRF Quarterly Newsletter

29 Jan

Fund News: Stonecrest’s Strategic Realty Fund – Close Out Report

With a lot of work and persistence, Stonecrest was able to liquidate all remaining properties and non-performing loans (NPL’s) in SRF’s portfolio. Due to Covid-19 restrictions on both state and national levels, we were barred from finalizing most of our in-process foreclosures. Stonecrest was also barred from completing eviction processes on certain foreclosures finalized prior

26 Jul

Fund News: Stonecrest’s Strategic Realty Fund – Q2 2020

The Covid-19 pandemic is having an interesting effect on the real estate market. Mending from a sharp drop in activity, the real estate market has begun to heat up (since mid-May) as inventory remains low. This is a reflection of both the release of pent-up demand and a desire by some to move out of

18 Apr

Fund News: Stonecrest’s Strategic Realty Fund – Q1 2020

First and foremost, we hope this update finds you and your loved ones healthy and safe. Stonecrest continues to work on liquidating SRF. With the current situation affecting the real estate and financial markets, it has been difficult to find exits for the portfolio’s remaining assets. Our largest asset was in escrow to sell, but

15 Jan

Fund News: Stonecrest’s Strategic Realty Fund – Q4 2019

We originally anticipated liquidating all of the assets in SRF by the end of 2019. Unfortunately, there are a number of larger assets that we could not sell yet; are caught up in the foreclosure/bankruptcy process or tied up in escrows that have yet to close. We are working diligently to resolve these assets as

15 Oct

Fund News: Stonecrest’s Strategic Realty Fund – Q3 2019

Stonecrest has been actively marketing and selling Strategic Realty Fund’s remaining assets, comprised of both non-performing loans and REO’s. Though we have made good progress, some real estate areas of the country are experiencing a slow down in activity, with houses sitting for more days on the market before finally selling. We are in the

15 Aug

Fund News: Stonecrest Strategic Realty Fund – Q2 2019

Since the Fed last decided to raise interest rates, economic growth has slowed and inflation has remained the same, according to Danielle Hale, the Chief Economist at Realtor.com. “Although the labor market remains strong, with healthy job growth and the unemployment rate near long-term lows, the Fed’s concerns about our economic outlook and the long

30 Apr

Fund News: Stonecrest Strategic Realty Fund – Q1 2019

Overall, sales in the real estate market were slow during the first quarter of this year. The winter season is traditionally a time of slower real estate activity. However, in March, the Federal Reserve mentioned there would be no rate increases for the rest of 2019. This was good news, which may positively impact the

31 Jan

Fund News: Stonecrest Strategic Realty Fund – Q4 2018

After studying the nationwide real estate market very closely, we believe the odds are that 2019 will be a flat year. We still see houses in some areas of the country commanding multiple offers, while others in those same areas are having to cut their listing prices. Those homes that are fully remodeled and initially

01 Nov

Fund News: Stonecrest Strategic Realty Fund – Q3 2018

Strategic Realty Fund had a solid 3rd quarter, selling 20 properties and 10 mortgages for a nice margin. SRF continued to purchase well-priced assets throughout the country, mainly through banks and Xome auction company. The real estate market has been slowing overall for a variety of reasons. In part, it’s a victim of the economy’s

30 Jul

Fund News: Stonecrest Strategic Realty Fund – Q2 2018

Strategic Realty Fund has been acquiring vacant properties that require relatively minimal repair and are located in markets that are strong. We phased out purchasing occupied properties some time ago. Our experience shows that the discounts for vacant properties are not substantially different than for occupied ones. Our goal is to increase the rate of

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