|By PR Newswire||
|December 20, 2012 08:01 AM EST||
DALLAS, Dec. 20, 2012 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA), a multi-faceted Company focused on real estate and technology, is pleased to announce that it has completed its first commercial real estate transaction involving the new Strategic Alliance announced yesterday with MMR Realty Advisors and the Texas Real Estate Hedge Fund, LP. The location of the property is at 2515 East Rosemeade Pkwy in Carrollton, Texas and includes 61,224 RSF on 4.22 acres. The property, which was formerly a Kroger's supermarket, is being leased to Terry's Market's LLC.
Terry Market's, established in 1995, has a new aggressive growth strategy and plans to emulate the success seen in competitors such as Trader Joe's, Central Markets and Whole Foods Markets. The Strategic Alliance has plans to acquire and lease an additional 9 supermarket properties over the next three years in Texas, Oklahoma, and Colorado for this grocery store chain.
As stated in yesterday's press release, the Strategic Alliance plans to complete numerous transactions that involve Multifamily, Retail, Destination Hotel and Office properties. This Strategic Alliance has been developed with the opportunity to take positions in assets that are "Off Market" and can be acquired on a negotiated basis. Given the repositioning of the Commercial Mortgage-Backed Securities and the upcoming Commercial real estate maturities, LIG Assets and Texas Real Estate Hedge Fund, LP foresees significant opportunities in the calendar year 2013 and beyond.
LIG Assets, Inc. CEO Jeff Love stated, "This new Strategic Alliance is a match made in heaven. This first supermarket transaction is the first in what we believe will be a series of similar supermarket deals, and the first of numerous planned transactions for the Strategic Alliance."
About Texas Real Estate Hedge Fund, LP (TREHF)
TREHF is a registered investment fund originated in 2005 for the acquisition of opportunistic asset-base joint ventures in a variety of real estate based transactions with insurance companies and institutional investors in Texas. This registered entity is governed by the Texas Exempt Registration rule 505 of the SEC. Only investors and participants (entities) having a network of $1 million or greater can legally invest. Primary assets targeted will be real estate within the State of Texas. TREHF investment goals are to provide annual cash on cash returns competitive to comparable market rate investments. MMR Realty Advisors manages and advises TREHF on its investment parameters.
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas, TX, is a multi-faceted worldwide investment company that focuses on real estate, oil and gas, technology, and entertainment. LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA".
For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net.
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
LIG Assets, Inc.
SOURCE LIG Assets, Inc.
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