September 25, 2013
FOR IMMEDIATE RELEASE:
Miami, FL (Press Release) The TREO Group, LLC (“TREO”) today announced that it has taken title to an 18 acre commercial property located on SW 216th Street between Old Cutler Road and SW 87th Avenue in Cutler Bay, Florida. After acquiring the note from Bank of America in February and contending with a second bankruptcy filing by the borrower, TREO was able to successfully complete the foreclosure process. According to Carlos A. Ortega, a Managing Member of TREO, “the firm is extremely pleased to have transitioned from lender to owner and excited about the opportunity to begin unlocking the true value of this asset through the implementation of our investment plan.”
The TREO Group, LLC
The TREO Group, LLC is a privately held real estate investment firm focused on creating diversified investment opportunities for its capital partners by combining opportunistic acquisition strategies with proven value enhancement platforms. To learn more about The TREO Group or for loan sale and property disposition opportunities, please contact us at info@TREOgroup.com or visit our website at www.TREOgroup.com.