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World Class Capital Adds New Property to Texas Property Portfolio

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Real estate investment firm World Class Capital has added former pool club Revive Uptown Dallas to its growing portfolio of high-quality properties in Texas, according to several reports.   

The sales price was not disclosed by the company although the Dallas Central Appraisal District said the property, which was bought from Collin County-based Pearl Realty Holdings, is valued at $2.5 million.

A report on BizJournal.com said that Revive Uptown, which is located above the now defunct Glass Lounge & Nightclub, would be turned into a residential space by the company, according to sources familiar with the matter. World Class Capital founder Nate Paul hasn’t commented on the matter yet, BizJournal.com said.

World Class Capital is on a real estate buying streak in Texas since the end of 2013, having acquired a 162-unit student housing community in San Marcos and a 141,000-square-foot shopping centre in San Antonio in December; and 1,600 self-storage units in Houston in February.  

The company also bought the 34-story KPMG Centre in March this year. It added that it would be leasing the KPMG tower to serve as the new headquarters of California tech firm Active Networks and fleet management company Omnitracs. According to Dallas News, Active Network would rent a 200,000 square foot office space for ten years, while Omnitracs will be renting 100,000 square feet of office spaces in the tower.  

“The strong central Texas economy is a national leader in positive job growth, which creates significant demand for commercial space and housing. We look forward to meeting this demand by delivering a high-quality, mixed-use, master planned development,” Paul said of the company’s investment rationale in a statement last February.

Texas real estate agents who would like to explore opportunities in the state’s commercial real estate market can build their commercial property listings’ visibility using disruptive video marketing platforms. Realbiz Media Group, Inc. (OTCQB: RBIZ) is a Florida-based digital media company that develops proprietary video marketing software that agents and their brokers can use to promote their virtual tour listings online. The company offers a Virtual Tour Program that allows real estate sellers to create virtual tours and presentations that are optimized for mobile viewing and could be syndicated through social media for only $29.95 a month.

The program is equipped with a video search engine optimization (VSEO) tool that automatically generate meta tags and descriptions for virtual tours and listings agents have uploaded to the platform so that they would be found easily by consumers online.

The program also has tools for creating QR codes, e-flyers, and seller reports as bonus features.

For agents on the go, the company has also recently launched a mobile app called EzFlix, which makes creating listings and virtual tours on mobile phones easier. The app also utilizes Realbiz Media’s patented technology, which allows agents to create local community content, real-time videos, and add personalized messages to these items. 

To learn more about Realbiz Media and its products, contact sales@realbizmediagroup.com or call 1.888.REAL.BIZ (888.732.5249).

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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