Anthony Walker
San Diego, CA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
AAW&C Real Estate Trust
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Startup
Location:
San Diego
Industry:
Real Estate
Year Founded:
2010
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Sole Proprietorship
Description:
Executive Summary
Introduction
AAW&C Real Estate Trust is a start-up company located in San Diego, California. It is the mission of AAW&C Real Estate Trust is to provide real estate services located in the San Diego region and throughout the US population centers, is a full service real estate company.
The Company
AAW&C Real Estate will be a Limited Liability Corporation, registered in the state of California for tax purposes. Its founder is Anthony A Walker, a former US Marine veteran, and currently resides in San Diego CA, where he works for over 20 years.
The company plans to be leveraged through private partnerships, real estate, related investments incorporating limited seed capital and or related loans. The company expects to begin offering its services in the first half of 2012.
The company's main clients will be retirement age veterans, couples and or similar groups looking for luxury single family homes, class A to B community that can offer significant services for their age group and income levels. Since AAW&C Real Estate principal operator is within this demographic group and knows and understands this market's needs, we believes that and can appeal to such clients far more than most other competitors.
The Services
AAW&C Real Estate will offer comprehensive real estate services, mortgage and title services to our diverse clients. With the right investors, as our sponsors, we will have a premier position as the dominant seller and service of these new or remodeled homes, and retirement apartments. In addition we will offer a full range of services to facilitate the purchasing and selling of real estate services including the following:
•Home search database.
•Moving consulting, quotes, planning.
•Mortgage consulting and loan approval.
•Community information.
•Title transfer.
•Obtaining a comparative market analysis for potential sellers.
•Appraising.
•Property preparation: acquisition, rehabbing for lease, resale or long term capital development.
The Market
The retirement industry has been steadily growing over the past twenty years. The percentage of the U.S. population over the age of 55 is at an all time high of 21% and is growing at an average rate of 3% each year. In certain parts of the country like the American Southwest, which has a high concentration of retirement communities, the growth rate is about 8%. This percentage is also expected to grow as the first of the "baby boomer" generation begins to reach retirement age in the next decade. It is estimated by the U.S. Census Bureau that the retirement industry, that includes homes, medical facilities, specialty equipment, retirement entertainment services, etc., accounts for 4.8 billion dollars each year.
Financial Considerations
Start-up expenses and funding required are modest (five to ten thousand dollars). They include operating expenses and the rest cash flow needed to support core operations; until revenues reach an acceptable level. Most of the company's liabilities will come from outside private investors and management investment; We however, have no current borrowing or capital Investments from any banks, the needed short term principal, to be paid off in two to five years. A long-term loan through investor(s) will be paid off in five to ten years.
The company expects to reach profitability in the first five years by incorporating the HUD 202 Supportive Housing Act, Flexible Subsidy (Flex Sub) loans: H2011-03, H2011-05, H2010-26, and does not anticipate any serious cash flow problems. We conservatively believe that during the first three years, average profitability per month per segment will be adequate. We expect a minimum of five to ten real property sales per month will guarantee a break-even point.