Property Portfolios
Two property portfolios have been created and their values are monitored since the first quarter of 2001. The first portfolio, Property Portfolio 1 represents a conservative investment in residential real estate, acquiring residential property in Charlotte, Dallas, Salt Lake City, Houston, Albuquerque, and Charleston (WV). The second portfolio, Property Portfolio 2 represents an aggressive investment in residential real estate, acquiring property in Tampa, Ft. Myers, Washington, DC, Orlando, Los Angeles, and Las Vegas. Both portfolios were valued at $30 million in the first quarter 2001. Property values for both portfolios are determined by the median home price in each metropolitan area.
Property Portfolio 1
(As of May 14, 2009)
Highlights
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The value of the moderate portfolio declined by 3.69% in the first quarter of 2009 vs. the first quarter of last year
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Two of the six metro markets (Dallas and Salt Lake City) recorded slight increases in the median price of a single-family home
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After the shortlived spike of the value of the portfolio in the second and third quarter of 2008, the value of the portfolio retreated under forty million dollars
| Real Estate Property Portfolio 1 | ||
| Value of Portfolio | % Change from last year | |
| Q1 2007 | 39,492,120 | 6.44 |
| Q2 2007 | 42,408,185 | 7.58 |
| Q3 2007 | 43,245,893 | 6.98 |
| Q4 2007 | 41,136,490 | 3.20 |
| Q1 2008 | 39,893,773 | 1.02 |
| Q2 2008 | 42,390,711 | -0.04 |
| Q3 2008 | 42,211,296 | -2.39 |
| Q4 2008 | 39,353,005 | -4.34 |
| Q1 2009 | 38,422,057 | -3.69 |
Note: Real Estate Property Portfolio 1 includes Charlotte (NC), Dallas (TX), Salt Lake City (UT), Houston (TX), Albuquerque (NM), and Charleston (WV).
Property Portfolio 2
(As of May 14, 2009)
Highlights
- The value of the aggressive portfolio declined by 35.92% in the first quarter of 2009 vs. the first quarter of last year
- The median price of a single-family home went down in all the markets that comprise this portfolio
- The value of the portfolio has been declining since the second quarter of 2007 and is now only 5.76 million dollars over the initial investment
| Real Estate Property Portfolio 2 | ||
| Value of Portfolio | % Change from last year | |
| Q1 2007 | 66,583,669 | 0.13 |
| Q2 2007 | 68,181,263 | -1.28 |
| Q3 2007 | 66,042,702 | -3.16 |
| Q4 2007 | 60,197,231 | -11.31 |
| Q1 2008 | 55,804,291 | -16.19 |
| Q2 2008 | 52,371,072 | -23.19 |
| Q3 2008 | 48,516,069 | -26.54 |
| Q4 2008 | 40,816,038 | -32.20 |
| Q1 2009 | 35,760,317 | -35.92 |
Note: Real Estate Property Portfolio 2 includes Tampa (FL), Ft. Myers (FL) Washington (DC), Orlando (FL), Los Angeles (CA), and Las Vegas (NV).
April 14th, 2012 at 11:00 pm
Foreign citizens have aaywls been able to buy property in the US. But it does not give them a residency status. If you have a passport, you can get a visitor’s Visa usually good for 3 month. If you are an EU citizen you do not need a visa, and you can visit for 3 month at the time. You can also apply for a Student Visa if you are accepted at one of our schools. But watch out for scams!