Portland, ME CORE has launched CORE Acquisitions. This expansion builds upon the recent growth of CORE’s brokerage and management divisions and closely follows the company’s recent rebranding announcement.
CORE will immediately begin targeting acquisition deals across the Eastern Seaboard while sharing unique capital opportunities. In doing so, the company will remain agile in the dynamic acquisitions space while also reducing the barrier to entry to a wider array of investors interested in diversifying their portfolio by entering the commercial real estate market.
“In today’s ever-changing world, real estate remains a fundamental pillar for those seeking financial freedom and generational wealth through passive income,” said CORE president, Josh Soley, who will lead CORE Acquisitions. “Our fully integrated model ensures that we are always nimble and opportunistic, offering our investors and partners the next innovative opportunity in order to deliver competitive yield and fee structures. By leveraging our in-house team of management, development, brokerage, underwriting, and risk assessment experts we can select the best assets for each investment vehicle.”
A February 2024 Ipsos poll shared that 81% of respondents agreed that while growing up, they did not learn enough about investing to feel empowered to reach their financial goals.
CORE Acquisitions enhances the company’s comprehensive service portfolio by offering investors solutions to overcome obstacles while remaining opportunistic against market trends. The firm’s ability to self-perform most operational duties also allows CORE to better control investment outcomes, offering a unique value proposition to current and future investors.
Soley founded the company in 2017. He specializes in investment sales and has facilitated transactions in Maine, New Hampshire, Vermont, New York, Maryland, South Carolina, Georgia, and Florida, including sales and leases in excess of $500 million. In 2021, CoStar honored Soley as a Power Broker for topping the industry in sales.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.