FREH Announces 1st Quarter Sales Volume
Online, May 9, 2013 (Newswire.com)
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Federated Real Estate Holdings-1qtr 2013 volume exceeds 2012 total volume.
Federated Real Estate Holdings-FREH- a division of Federated Holdings announced today that it's Real Estate volume of $10 million in the 1st Q of 2013 has exceeded 2012 full year Real Estate volume. FREH was established in the 4th Q of 2011 for the purpose of purchasing, redeveloping, selling and leasing of distressed single-family properties. Federated has a vertically integrated structure which sets them apart from competitors and has produced strong margins.
FREH specializes in the redevelopment of distressed single-family homes in the Washington DC metro area. The management team has over 30 years experience in the fields of real estate brokerage, finance, construction and marketing. FREH 2013 total real estate volume is projected to exceed $25 million in the Washington DC Metro area which includes MD, Washington DC and Northern VA. Federated is poised to expand operations into the Mid-Atlantic market to include Baltimore and Philadelphia. Further expansion into southeastern markets of Atlanta and central Florida are expected within the next 12-24 months. FREH Director George Lodge comments "This business is evolving and the only way to stay competitive is by consolidation and scale and that's what we are focused on today."
Federated is focused on single family and multi family properties in or around the DC metro. If you are interested in selling your property in or around the DC Metro, please contact our acquisition team at 703-245-6624. Primary service areas include but are not limited to Montgomery, Frederick, Prince Williams, Prince Georges counties in addition to the District.