Message from Dixon Harvey
The principles of Black Oak believe that the current distress in the real estate markets, driven by the economic downturn and collapse of the debt markets, provides the best buying opportunity since the last low in the real estate circle in the early 1990’s. We formed Black Oak in 1991 to acquire and reposition distressed real estate with a long term holding period. During the last 20 years, Black Oak has created an investment track record validating its focus on recurring property cash flow.
In the future, we expect to continue to leverage our existing network of real eastate professionals to identify assets that fit within Black Oak's investment model. Black Oak’s ability to quickly close transactions with no debt financing contingencies is expected to provide the Company with further deal flow advantages as Black Oak continues to execute its acquisition strategy.
We remain committed to our long term holding strategy and the flexibility that its enables for value creation through efficiency and sustainability.
Thank you for your continued support and we are looking forward to a successful 2012.
R. Dixon H. Harvey, Jr. President
(Please contact us for additional information regarding investment opportunities and company performance through the "Black Oak Performance" button on this page.)
|