Miami Investment Presentation

By: Carlos Calabuig

Table of contents Page:2 About Miami Page:3 Miami Economy Page:4 US Housing Bubble History Page:5 Real Estate Definitions Page:6 Foreclosure & REO Statistics/Graph Page:7 Positive Market and Investment Indicators Page:8 Miami Future Projects Page:9 – 12 Investing with National Citi Realty Page: 13

National Citi Realty Services Graph Page: 14 National Citi Realty Services Page:15-16 Contact Information Page: 17

Table of Contents

Miami is a well-known global city due to its importance in

finance, commerce, culture, media, fashion, education, film, print

media, entertainment, the arts and international trade it is known as

“The Gateway to the Americas.”

Miami is the most populous city and the center of South Florida metropolitan area.

In 2008, the population of the Miami urbanized area had increased to 5,232,342, becoming the fourth-largest urbanized area in the United States, behind New York City, Los Angeles, and Chicago.

Downtown Miami is home to the largest concentration of international banks in the United States

It is home to several corporate headquarters and television studios

the Port of Miami, is the busiest cruise ship passenger port in the world in both passenger traffic and cruise lines

Miami Where the World Meets

While Miami’s principle industry is tourism, injecting the city with more than $9.9 billion annually in

direct expenses such as hotel rooms, restaurants, shopping, transportation, and attractions. The city’s

economy has become more diversified: Its close proximity to Latin America and the Caribbean make it the center of international trade with

those areas. Almost $20 billion in total merchandise trade came trough Miami customs in 2002. In 2003, approximately 1,200 multinational corporations were established in the region. Miami International Airport is the nation’s top airport for international freight and 3rd for

international passengers with an economic impact of $18.6 billion The Port of Miami ranked 1st in Florida and 9th in the United States and contributes $8 billion to the

local economy. It is home to 64 foreign consulates, 25 international trade office, and 32 binational chamber of

commerce. There are two free trade zones in Greater Miami, the Homestead Free Zone and the Miami Free

Zone one of the worlds largest privately owned and operated zone Miami represents the largest concentration of domestic and international banks on the east coast

south of New York with 100 commercial banks representing total deposits of 74.3 billion in 2003. Brazilian , British, Canadian, French, German, Israeli, Japanese, Spanish, and Venezulan banks have offices in Miami-Dade County.

Miami Economy

Housing bubbles may occur in local or global real estate markets. In their late stages, they are typically characterized by rapid increases in the valuations of real property until unsustainable levels are reached relative to incomes, price-to-rent ratios, and other economic indicators of affordability. This may be followed by decreases in home prices that result in many owners finding themselves in a position of negative equity—a mortgage debt higher than the value of the property. The underlying causes of the housing bubble are complex. Factors include historically low interest rates, lax lending standards, and a speculative fever.

In early 2005 housing prices peaked In 2006 and 2007 housing prices started to

decline Increased foreclosure rates in 2006–2007

led to a crisis in August 2008 for the subprime market

Year end 2009 a total of 3,957,643 foreclosures were filed

Mid year 2010 a total of 1,961, 894 foreclosures were filed

United States Housing Bubble History

What is a Foreclosure?

Foreclosure is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption.

What is a short sale ?

A short sale occurs when a home is sold for a price that is less than the value of the outstanding mortgage. Banks are now more willing to allow sellers to do short sales.

What is an REO?

REO is an acronym for real estate owned and is industry jargon for foreclosure property repossessed by banks or lenders. If a lender or bank is the highest bidder a foreclosure auction — or if no third party bids at the auction — the property reverts back to the lender and becomes an REO. REOs are owned by banks. Lenders go to great lengths to sell REOs. For banks, however, bank-owned homes are a liability. Bank-owned properties are usually sold at below-market prices with great terms like low down payments and low interest rates

What is an Auction ?

A method of selling real estate in a public forum through open and competitive bidding. Also referred to as: public auction, auction sale or sale. All properties are sold "as is" and prospective buyers should inspect the homes prior to the auction, so they know what they are bidding on. Moreover, an owner or tenant living in the house may or may not be cooperative about moving out.

Definitions

Foreclosure and REO Trend

Foreclosure Status Distribution Miami-Dade County, FL

Foreclosures by Estimated Market Value Miami-Dade county, FL

Average Sales Price Miami-Dade county, FL

Foreclosure Sales Count for - Miami-Dade county, FL

Analysts expect Florida’s economy to grow about 1.5% in 2010

Prices seem to be stabilizing Inventories are shrinking With financing still difficult to obtain, cash

buyers and the deep discounts on distressed properties are propping up sales

In July pending home sales in Miami-Dade county was up 40.5% from July 2009

60 % of South Florida sales have gone to foreign buyers

More than half of recent sales involve short sales and REO’s

The number of real estate auctions in 2010 has risen 14 percent so far

6,000 properties in South Fla. under $50K The strongest areas of the state is South

Florida, especially Miami-Dade and Broward counties, with their diverse economies, steady migration and influx of foreign capital

Positive Market and Investment Indicators

Miami Future Projects

Miapolis is a proposed skyscraper planned for construction on Watson Island in Miami, Florida. If approved, constructed, and completed the building would stand at 3,200 ft (980 m), with 160 floors, surpassing the Burj Khalifa in Dubai as the world's tallest skyscraper.

Economic Impact:46,000 construction and 35,000 permanent jobs$940 million annual tax revenuesPaying-off Jungle Island $39 million debts to City$4 million annually on lease payments$200 million annual revenues for the airlines$25 million annual revenues for MIA$20 million annual revenues for the Port of MiamiInjecting $2.5 billion annually in the local economyFree and constant international exposure for Miami

General Information:

Status Proposed

Opening Unknown (possibly 2017-2020)

Use Mixed-use

Water Park Miami Dolphins owner and real-estate

developer Steve Ross intends to turn a 40-acre

parking lot next to Sun Life Stadium into a water

attraction pegged to a spring 2012 opening.

Ecomomic Impact: It is expected to create

approximately 600 construction jobs and an

additional 400 jobs from the water-park

operation and increase tourism stays in the area,

according to a company release.

The new park would be a unique attraction in

South Florida. While the World Waterpark

Association says an estimated 1,000 water parks

operate in North America, none have existed in

this area since Hollywood's Atlantis closed in

1992. The closest comparable park, Rapids Water

Park in Palm Beach County, is slightly larger than

the planned new project.

Miami Future Projects

Company estimates forecast nearly 700,000 visitors during the first year and and additional $7 million in local, state and federal taxes.

Miami Ballpark is an approved ballpark that is

being built less than 2 miles west of Downtown

Miami in the Little Havana neighborhood, on the

site of the former Miami Orange Bowl. The ballpark

will have a retractable roof, a natural grass playing

field and 37,000 seats, including approximately

3,000 club seats and 60 private suites.

Economic Impact: 5,000 jobs generated over the

course of the construction and generated fiscal

revenue for state and local governments.

Range $50 to $60 million when hosting Jewel

Events such as Major League All-Star Game and/or

the World Baseball Classic

Miami Future Projects

Broke ground July 1, 2009 Opened April 2012 (projected) Owner Miami-Dade County Operator Miami MarlinsSurface Grass Construction cost $515 million

Miami Future Projects

City Square is a proposed 10-acre project by Maefield Development, located in the heart of Miami’s Entertainment District Miami, Florida. City Square is a three-phase, mixed-use project, which will include retail, an 11-story parking garage, two media structures, and a bay-facing residential tower on ten acres.The two media structures will be draped in a digital mesh. The structures will allow for civic, educational, cultural, informational content to be placed on the digital mesh. It will also allow for advertising and branding, in addition, pedestrians will be able to interact with them thanks to their advanced digital technology.

Economic Impact: The City Square project will provide the City of Miami with revenues in excess of $3,040,000 annually after construction is completed inclusive of ad valorem taxes, parking surcharge payments, signage fees and sales tax rebates. Of this amount. $2,360,000 will be attributable to the parking garage, approximately $680,700 to the retail facility. The City Square project will provide employment for 4,900 workers during the construction period  and 1,410 permanent jobs once construction has been completed

About Us 

National Citi Realty is a real estate, investment, and management company headquartered in Miami, Florida. In the last decade, National Citi Realty has helped thousands of buyers, sellers, and investors through the complexities of acquiring, repositioning, and managing of real estate assets in South Florida.

 

National Citi Realty has the professionals , tools, and support to help investors take advantage of the best real estate market in decades. Interest rates are at their ultimate lows still below 5% and real estate inventory continues to increase with the number of foreclosures and REO properties entering the market daily. This is the best buyers market seen in years and property prices continue to be a bargain!

 

Investors from Asia, Canada, Europe, Mexico, and South America are all choosing South Florida as

their location of choice for their second home, vacation home, or the place to invest.

National Citi Realty is ready to help you make the best investment with the best returns. Having a well formed plan and strategy is the key to your success. We are here to help you identify the best course of action for your specific investment needs and identify the type of property you need to acquire , how to acquire it, and when to acquire it. 

It is no secret to anyone that South Florida is a heaven for investors that want to double, triple or quadruple their assets. It is also National Citi Realty mission to help you accomplish these goals.

Investing with National Citi Realty

Step 1 Find Investment

Property

Step 2 Negotiate Price

Step 3 Legal Research

Step 4 Property

Acquisition

Step 5 Property

Management

Step 6 Exit Strategy

National Citi Realty Services

  Step 1 - Identification of investment property  Pre-foreclosure  Short Sale Foreclosure Auction  REO (HUD, Fannie Mae) Non-foreclosure auction

Step 2 – Negotiation of appropriate purchase price Location Comparable sales and active listings Assessed and Fair Market value Property condition (including photos)

Step 3 - Legal Research confirming clear and marketable title(title search and examination) Title defects Tax liens Homeowners or Association liens Mechanics liens

National Citi Realty Services Include:

Step 4 – Property Acquisition Review all closing documents Ensure appropriate funds distribution Step 5 – Property Management Manage property clean out and repairs Tenant management

Step 6 - Assistance with Exit Strategy Marketing and sell your property to our Wholesale buyers Cash flow to re-invest.

National Citi Realty Services Include:

Carlos CalabuigNational Citi Realty

Business Development DirectorPhone: 305-226-8291

Fax: 305-266-8909Email: cdcalabuig@gmail.com

Contact Information