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Phill Grove Announces The Big Live Event in San Antonio, Texas

May21
2012 Leave a Comment Written by

Austin, Texas (PRWEB) May 18, 2012

In the wake of the launch of his new hot program, All-In-One Done-For-You Real Estate, Phill Grove announced a corresponding training event this weekend in San Antonio, TX. The weekend workshop is starting on Friday and ending Sunday evening. For information on this real estate workshop, please click here.

Phill Grove, owner of Love American Homes and Hippie Hollow Homes in Austin, Texas, has successfully participated in more than 1,200 real estate transactions since December of 2003 and has been called the nation’s top post bubble real estate investor.

“I’ve had a great deal of success in real estate the past 8 plus years,” says Mr. Grove. “My goal is to show others how to do it as well. I will be detailing, step by step, what I have been doing in real estate here in Central Texas. What I do works in today’s real estate marketplace.”

Mr. Grove’s ‘Big Live Event’ will bring together an All Star cast of some of the best minds in business, technology, and real estate today. Some of the speakers include:

Phill and Shenoah Grove- creators of the Assignment of Mortgage Payments System, which shows people how to sell ‘unsellable’ houses to ‘unloanable’ buyers at market price. Phill and Shenoah will teach the 12 Unique Strategies to MAKE MONEY Investing in Real Estate

-Including: swaps, mortgage assignments, flips, wholesaling, wraps, auctions, options, short sales, and 4 more…

Stedman Graham- CEO of S. Graham & Associates in Chicago. Oprah Winfrey?s significant other. Mr. Graham will teach about how to transcend obstacles and build relationships with those that have positive spirits and strong interpersonal skills.

Lindsey Younts- Founder of the Nation’s Top Bulk REO Wholesaler, Econohomes, who has more than 28 years of experience in real estate and construction. Lindsey will demonstrate how to find evaluate, finance, buy, fix, and flip an unlimited number of Bulk-REO properties without leaving the house.

Damon Flowers- Founder of REI Technologies and the creator of the REIMatcher.com, the marketplace for non-traditional real estate, will perform a live demonstration of REIMatcher.

For more information on this real estate training event, please visit http://www.reimaverick.com/San-Antonio-PR







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Walnut Creek?s Pete Sabine and Contra Costa Association of Realtors Host Social Media, Facebook Marketing Workshop

May21
2012 Leave a Comment Written by

Lafayette, CA (PRWEB) May 05, 2012

Building a pipeline of prospects is a top goal of internet real estate marketing. Pete Sabine, a real estate investment and real estate foreclosure expert in Walnut Creek, is now offering to show realtors, lenders and property managers how they can build a following?and their businesses?using Facebook and other internet marketing strategies. The course, held in conjunction with The Contra Costa Association of Realtors and Main Street Marketing, is entitled ?How to Leverage the Power of Facebook for Business? and will take place on May 16, from 3:00 to 4:30 p.m. at 1870 Olympic Blvd. in Walnut Creek.

?If you find yourself confused by the social media marketing options, this seminar is perfect for you,? said Pete Sabine, the workshop?s host and real estate investment consultant. ?We not only introduce you to effective Facebook marketing strategies, we will teach you how to build the proper foundation for success, as well as the most beneficial features of Facebook for Business.?

Sabine says the ideal customer can be found on Facebook. Therefore, this seminar will teach participants how to connect with them by explaining how to build the proper foundation for success.

?The key is building connections, fan base and engagement to drive traffic to your company,? Sabine said.

Attendees will learn to harness the power of Facebook Groups to connect, share and build relationships by finding, adding and establishing targeted connections to grow a huge audience. They will also discover how to create and build Facebook Groups along with advanced networking strategies to promote and profit from Facebook Events and build a brand.

?Facebook is one of the best places to build your company,? Sabine said. ?Attendees will find out how to build a Facebook Company Page that can feature company videos, products and services niche pages. Did you know that Facebook Groups, Pages and ads represent one of the biggest opportunities on social media to build your business? Plus, Google ranks your Facebook Pages!?

Facebook is extremely powerful, very inexpensive and fun to use. It can help improve sales and business results in a number of ways, including getting more referrals and repeat clients; getting clients to love the business even more; getting prospects to choose only one?s business; and dominating the local target market area.

To RSVP for the seminar, log on to http://tinyurl.com/May16seminar or call 925-295-1270. Seating is limited, so interested parties are encouraged to RSVP early. The fee is $ 29 for association members and $ 39 for non-members.

For more information about the seminar or any of Pete Sabine?s services, call 925-297-4192, view him on the Web at http://www.contracostahomesearch.com or visit 2 Theatre Square, Suite 117, in Orinda.

About Pete Sabine

Pete Sabine, a full-time real estate consultant since 1985, specializes in residential property sales and has successfully completed more than 600 transactions in Contra Costa County. Following an advanced study in listing, selling, investments and taxes, Sabine has earned his designation as a Certified Residential Specialist. He is a graduate of the Realtors Institute of California, a member of the Residential Sales Council, and a member of his local, state and national Realtor associations. Sabine and his team are focused on delivering a new industry standard of quality services, depth of expertise and innovative solutions. Visit him today for help on how to buy real estate.







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Tapu Property Valuations ? Investors Beware

May20
2012 Leave a Comment Written by

(PRWEB UK) 18 May 2012

The Tapu is one of the most important documents you can have when investing in Turkey property, but what happens when the details are incorrect? Asks Colordarcy.com.

Loxley McKenzie, Managing Director of Colordarcy.com said ?It is easy to get carried away when investing in overseas property, we often only focus on the cash we will make from an investment in growing property markets like Turkey.

The property doesn?t cost much and we?ll cover the costs when we rent it out so what is there to worry about?

However when it comes to your money, being complacent is not the best way to go as some unfortunate investors in Turkey have realised.?

Like any legal document, the Tapu needs to be in order otherwise it can have a major impact on things like your future tax liability both in Turkey and in your home country advise Colordarcy.com.

McKenzie added ?While investing in Turkey can be a very straightforward process if you use a reputable agent, I have known some people who chose to go it alone and ended up getting confused about why they had paid more for their property than the value stated on their Tapu.

Say for example you have just invested in a new build property costing

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The Spirit of Campbeltown Re-Opens its Doors

May20
2012 Leave a Comment Written by

Argyll, Scotland (PRWEB UK) 18 May 2012

The Village at Machrihanish Dunes officially re-opened the historic Royal Hotel in Campbeltown on Saturday, 12 May 2012. David Southworth and Joe Deitch, owners of Machrihanish Dunes, were on hand to open the doors of this landmark hotel with a private reception followed by a grand fireworks display over Campbeltown Harbour for the community to celebrate!

Built in 1907 by local proprietor Archibald Johnston, The Royal Hotel was designed by renowned architect James Monro of Glasgow, who would later design the Grand Hotel in St. Andrews. The Royal Hotel remained a focal point for many years to come, serving families and friends from all over Campbeltown and the Kintyre Peninsula as a mainstay for weddings, celebrations and its famed Sunday tea.

After years of economic difficulties in the area which led to a slow decline in business, the aging property eventually had to close its doors. In 2008, David Southworth and Joe Deitch purchased both The Ugadale and Royal Hotels, along with the Machrihanish Dunes Golf Course, and thus began the development of the Village at Machrihanish Dunes, which includes both hotels and the newly built Ugadale Golf Cottages.

?It?s important to both Joe and I to celebrate this momentous occasion with the community that supported us through a painstaking restoration process,? said David Southworth. ?The Royal Hotel holds a special place in Campbeltown history. For many, it serves as a celebrated icon where families and friends once celebrated grand occasions. For us, it begins another chapter in our pursuit to make Campbeltown and Machrihanish a world-class destination.?

The New Royal Hotel

Today, The Royal Hotel makes the most of its unmatched waterfront location overlooking Campbeltown Harbour. Guests at The Royal enjoy unforgettable views of the harbour area, with its stone piers and scenic walkways. The hotel features all the contemporary conveniences and amenities you?d expect in a modern luxury accommodation, set in surroundings steeped in old-world elegance. With its 23 sumptuously appointed guest rooms, The Royal is also home to The Black Sheep Pub, named after its famous Hebridean sheep who graze and have graced the grounds of Machrihanish Dunes Golf Course since 2008; and the elegant Harbourview Grille, which is sure to become recognised as one of the finest dining establishments in all of Kintyre.

The Village

The Village at Machrihanish Dunes consists of the Machrihanish Dunes Golf Club (Top 100 Course in U.K. & Ireland by Golf World), The Ugadale Hotel, The Ugadale Cottages (Golf Tourism Scotland’s “Small Hotel of the Year,? The Royal Hotel, The Kintyre Club, Serenity Spa, and The Old Clubhouse Pub. The recently opened Ugadale Hotel offers 22 luxurious guest rooms and suites, many overlooking the Atlantic and famed Machrihanish Golf Club. It features a restaurant and bar called The Kintyre Club, the full-service Serenity Spa and a Fitness Centre.

The Investment

In addition to bringing valuable jobs to the area, Southworth has invested over

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Farm Credit Reports First Quarter Earnings

May20
2012 Leave a Comment Written by

Louisville, KY (PRWEB) May 19, 2012

Agriculture lender Farm Credit Services of Mid-America announced 2012 first quarter earnings of $ 72.9 million, compared to $ 48.7 million in the same period in 2011. Owned and managed assets surpassed $ 18 billion, a 6.8 percent increase over March, 2011.

Farm Credit?s first quarter performance was directly related to the strong agricultural economy and robust farm land values. ?While farmers are able to pay down debt, we saw an increase in new loan activity, particularly on mortgage loans,? said Bill Johnson, president and chief executive officer. ?For the first quarter, loan closings were up more than 20 percent for farm land purchases and almost 50 percent for consumer mortgages.?

Credit quality of the association?s portfolio was also stable. Adversely classified loans decreased to 3.8 percent of the loan portfolio compared to 3.9 percent at December 31, 2011.

The association?s commitment to rural America remained strong and Johnson sited conversion activity as one example of that commitment. ?Since the beginning of the year, Farm Credit has converted ? or refinanced ? nearly 15,000 customer loans representing more than $ 2.2 billion in volume with a customer interest expense savings of $ 57 million over a three year period. Our fee for conversions is minimal with very little paperwork involved and our customers are often surprised that we can lower their interest rate even on fixed rate loans.?

Another way the association provided value to rural communities was through the availability of long-term fixed rate financing for farms. ?Almost 50 percent of our customers have fixed rate loans of 10 years or longer. In today?s volatile farm environment, one way to ensure that the cost of farmer?s financing remains consistent is through fixed rates.?

Johnson added that the association?s strategic plan calls for continued growth. ?We?ll do that by making certain that our products and programs fit our customers? needs and adapting to the changing demands of a new agriculture marketplace. It?s all about providing value to those who live and work in rural America.?

To see the complete results, go to http://www.e-farmcredit.com, select News, then Quarterly Report.

About Farm Credit Mid-America

Farm Credit Mid-America is an $ 18.3 billion financial services cooperative serving more than 95,000 farmers, agribusinesses and rural residents in Indiana, Ohio, Kentucky and Tennessee. The association provides loans for all farm and rural living purposes including real estate, operating equipment and housing and related services such as crop insurance, and vehicle, equipment and building leases. For more information about Farm Credit, call 1-800-444-FARM or visit them on the web at http://www.e-farmcredit.com.







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Now Open for Business, Chicago?s Accredited Distressed Property Representative (ADPR) Short Sale Resource Center

May20
2012 Leave a Comment Written by

Chicago, IL (PRWEB) May 05, 2012

Marki Lemons, #1 Short Sale Trainer and Workshop Leader in North America has trained over 14,000 REALTORS

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Owners? Counsel of America Announces New Directors

May20
2012 Leave a Comment Written by

Jacksonville, FL (PRWEB) April 29, 2012

The Owners’ Counsel of America, a nationwide network of eminent domain attorneys dedicated to the defense of private property ownership, has elected two new members to its Board of Directors for 2012: Warren C. Herlong, Jr. of Mobile, Alabama and Robert H. Thomas of Honolulu, Hawaii. Mr. Herlong and Mr. Thomas will serve a three year term and join other practicing eminent domain attorneys from across the country on the Board. Other Board member continuing their terms of service include James L. Thompson of Maryland, Keith M. Babcock of South Carolina, Robert Denlow of Missouri, John Hamilton of Kansas, Edward G. Burg of California and Andrew P. Brigham of Florida, as the association’s Moderator.

Warren Herlong is a partner with Helmsing, Leach, Herlong, Newman & Rouse, P.C. in Mobile. His extraordinary career spans more than three decades of law practice with particular focus upon eminent domain, inverse condemnation and land valuation litigation. He has appeared in more than 1,000 hearings, trials and arguments at the State Probate, Circuit and Appellate court levels as well as within the Federal court system. Mr. Herlong frequently lectures, writes and instructs on topics relating to eminent domain, condemnation and land valuation litigation in Alabama and nationwide.

Since 1999, Mr. Herlong has been active in the American Bar Association, holding membership in the Committees on Condemnation, Zoning and Land Use in three ABA Sections: Litigation; Real Property, Probate and Trust; and State and Local Government. From 1999 through 2002, he was Co-Chairman of the ABA Section of Litigation?s Committee on Condemnation, Zoning and Land Use. He is also the Eminent Domain and Condemnation Representative to the Alabama Law Institute?s Real Estate Standby Committee and was influential in drafting proposed changes to Alabama?s 1986 Eminent Domain Code. Among his many honors, Mr. Herlong has been selected for membership in the American College of Real Estate Lawyers (ACREL), the premier organization of U.S. real estate lawyers headquartered in Rockville, Maryland.

Robert Thomas, a Director with Damon Key Leong Kupchak Hastert in Honolulu, concentrates his practice on property and land use issues including eminent domain, regulatory takings, water rights, and voting rights. He has tried cases and appeals in Hawaii, California, and the federal courts, including the Court of Federal Claims. A frequent author of amicus curiae briefs, Mr. Thomas has sought to advance the cause of private property rights in the appellate courts and U.S. Supreme Court. He has authored briefs in support of property owners in Kelo v. City of New London, 545 U.S. 469 (2005), Lingle v. Chevron U.S.A., Inc., 544 U.S. 528 (2005), and Stop the Beach Renourishment, Inc. v. Florida Dep’t of Environmental Protection, 130 S. Ct. 2592 (2010).

Mr. Thomas is a featured speaker at land use and eminent domain conferences in Hawaii and nationally and he regularly publishes scholarly and practical articles on issues relating to these practice areas. His blog on land use, property, and takings law, inversecondemnation.com, is one of the most widely-read blogs on these subjects. Mr. Thomas currently serves as the Chair of the Condemnation Law Committee of the American Bar Association’s Section on State & Local Government Law. He is also the Managing Attorney for the Pacific Legal Foundation’s Hawaii Center, a public interest legal foundation dedicated to defending private property rights and individual freedom.

ABOUT OWNERS’ COUNSEL OF AMERICA:

The Owners? Counsel of America is a nationwide network of experienced condemnation attorneys devoted to protecting the rights of private property owners large and small, locally and nationally, and to advancing the cause of property rights. The lawyers affiliated with Owners? Counsel are in private practice in nearly every state and represent property owners against federal, state, and local governments, utilities, redevelopment authorities and other entities that may be armed with eminent domain power. Additional information about the Owners’ Counsel of America is available at http://www.ownerscounsel.com.







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Local Elder Law Attorney F. Keats Boyd, III Participates in Several Events During National Elder Law Month

May20
2012 Leave a Comment Written by

Centerville, MA (PRWEB) May 04, 2012

Attorney F. Keats Boyd, III of the Law Offices of Boyd & Boyd, P.C. in Centerville will take part in National Elder Law Month this May by participating in the Barnstable Senior Center?s Senior Health and Wellness Expo, hosting several free, public seminars, and appearing on 95.1 WXTK on Saturday May 5, 2012 between 3:00 PM and 4:00 PM.

Mr. Boyd, a twenty year veteran in the areas of elder law and estate planning, has said, ?I really enjoy getting out and educating the public about the importance of proper planning. There is a real misconception about planning with an attorney. Many people feel planning is all about what happens after a death, but modern estate planning is really all about life planning – how to increase wealth and how to protect, preserve and enjoy what you have.? According to Mr. Boyd, ?National Elder Law Month is the perfect opportunity for those Americans who have contributed so much, to take an hour or two to learn what steps they can take to protect themselves and their loved ones. This month represents a great chance to either begin the planning process or to review existing plans to ensure that they are properly structured and up to date. Unfortunately, too many Americans have outdated or unfunded plans, or worse yet, no plan at all!?

Mr. Boyd will be appearing at this year?s Senior Health and Wellness Expo, which will take place at the Barnstable Senior Center, 825 Falmouth Road in Hyannis on May 18, 2012, from 10:00 AM to 1:00 PM. Many vendors, including Mr. Boyd, will be in one central location providing great health, wellness, good living and positive aging resources for seniors. This year?s theme is ?Never Too Old to Play? encouraging older Americans to stay engaged, active and involved in their own lives and in their communities. Enjoy a delicious brunch buffet from Whitehall Estate and a wonderful juice bar from Trader Joe?s. Afterwards, join Mr. Boyd for an entertaining round of ?Wheel of Planning? and where attendees may obtain a free Health Care Proxy. There will be a health room offering safety for seniors, tick and lyme awareness, blood pressure readings, nutrition consultations, exercise information, eye examinations and cholesterol, glucose, and hearing screenings. For more information call (508) 862-4750.

Also during the month of May, Attorney Boyd, will be joined by Attorney David A. Jarominski, and one of ?Boston?s Top Rated Lawyers? in 2012, F. Keats Boyd, Jr., to conduct several free, public seminars. Those who attend these seminars will learn:

How to better protect a beneficiaries? inheritance from divorce, lawsuits, creditors, government claims and double estate taxes!
How to help assure IRAs (and company retirement plans) grow to potentially become the largest assets inherited by loved ones and are properly protected! (A Living Trust alone may not be enough!)
Why the new US Estate Tax law is screaming ?ACT NOW!!?
How to own a residence and vacation home – the answer may be surprising!
How to help qualify for Medicaid nursing care benefits if they are ever needed – without having to pay all those benefits back after death!
How to eliminate Massachusetts Estate Tax liability for Florida residents, and residents of other states, owning Massachusetts real estate (Massachusetts residents can benefit from this technique too!)

Seminar dates include May 8, 2012 from 10:00 AM to 11:30 AM, May 12, 2012 from 10:00 AM to 11:30 AM and May 22, 2012 from 10:00 AM to 11:30 AM and again at 2:00 PM to 3:30 PM. For the location of a seminar near you, please visit http://www.boydandboydpc.com and click on the Seminar Schedule Tab near the top of the page. For more information, call (508) 775-7800.

Additionally, Attorney Boyd will appear as a guest on ?Something More with Chris Boyd? on 95.1 WXTK Radio on Saturday, May 5, 2012 during the 3:00 PM – 4:00 PM hour. During his appearance, Mr. Boyd will be discussing the five basic parts of an estate plan.

Attorney Boyd, a resident of Cape Cod since 1995, has practiced Elder Law for over twenty (20) years and focuses his practice on Estate, Trust & Retirement: Planning, Administration & Management, Elder Law, Special Needs Planning, Asset Protection Planning, Tax Law, Business & Succession Planning, Trustee Services. Mr. Boyd is admitted to the bar in Massachusetts, the United States Tax Court, the U.S. District Court of Massachusetts, the First Circuit Court of Appeals, and the U.S. Supreme Court. Mr. Boyd has authored numerous articles and has contributed to Leimberg Information Services, Inc.. He is also a member of the Massachusetts Bar Association, Barnstable Bar Association, National Academy of Elder Law Attorneys, Inc. (NAELA?), WealthCounsel?, MBA Probate Law Section, the Partnership for Philanthropic Planning, the Estate Planning Council of Cape Cod and the Planned Giving Council of Cape Cod.

With a growing population of Americans age 65 years or older, the importance of planning for one?s legal needs has become essential.

Elder Law attorneys throughout the country will commemorate National Elder Law Month by providing public seminars, living will days, Elder Law clinics, and other activities that will educate the public.

About NAELA

Members of the National Academy of Elder Law Attorneys (NAELA) are attorneys who are experienced and trained in working with the legal problems of aging Americans and individuals of all ages with disabilities. Established in 1987, NAELA is a non-profit association that assists lawyers, bar organizations and others. The mission of NAELA is to establish NAELA members as the premier providers of legal advocacy, guidance and services to enhance the lives of people with special needs and people as they age. NAELA currently has members across the United States, Canada, Australia and the United Kingdom. For more information, visit http://www.NAELA.org.

About Boyd & Boyd, P.C.

The Law Offices of Boyd & Boyd, P.C. concentrates its practice in the areas of Trusts & Estate Planning, Administration and Management of Trusts & Estates, Elder Law, Asset Protection Planning, Special Needs Planning, Tax Law, Business & Succession Planning, Probate and Settlement of Estates. Founded over 30 years ago and incorporated in 1991 by a father and son, the staff at Boyd & Boyd, P.C. includes several family members. The firm has a friendly approach to the practice of law, translating the complexities of estate planning, wills and trusts into plain English. Boyd & Boyd, P.C. continues to employ the most innovative, cutting edge strategies, such as the ?Personal Asset Trust?? and the ?IRA Inheritance Trust.?

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NetREIT Announces Purchase Of Rite Aid Building

May19
2012 Leave a Comment Written by

Escondido, CA (PRWEB) May 18, 2012

NetREIT, a Maryland-based real estate investment company with headquarters in Escondido, California, today announced that it has acquired the former Rite Aid building located in Yucca Valley, California.

This building adjoins the Joshua Village Shopping Center purchased by NetREIT in September of 2011. NetREIT believes the value of both properties will increase now that this building and the shopping center are both under common ownership. This offers NetREIT greater flexibility in creative leasing opportunities.

The purchase of the Rite Aid building is indicative of NetREIT?s sound investment philosophies of asset growth through addition and expansion of its current holdings. Officials at NetREIT believe this purchase will be accretive to the tenant mix at Joshua Village Shopping Center.

The building became vacant through a relocation of the Rite Aid facility. Though the company moved to its new location last year, their lease will not expire for several years, which provides NetREIT with significant time to find a replacement tenant for the property.

Joshua Village Shopping Center is a 103,000 square foot retail center located at Twenty-Nine Palms Highway in Yucca Valley, California. This desert community is located in close proximity to Palm Springs. Anchoring the shopping village is Vons Supermarket along with other tenants that include Aaron Rents, Angel View, Taco Bell, Big O Tires and Del Taco. Leasing for this property is handled by Steve Lyle and Pablo Rodriguez of Coldwell Banker Commercial/Lyle & Associates in Palm Desert, CA.

?This acquisition exemplifies NetREIT?s continuing strategy of acquiring commercial properties at attractive pricing levels, and affords us the opportunity to add value by consolidating Joshua Village under common ownership,? said Jack Heilbron, CEO of NetREIT.

About NetREIT, Inc.

Established in 1999 as a contrarian investment firm, NetREIT seeks out property acquisitions with hidden value. This can either involve financially distressed entities or those with property that is undervalued because of its poor condition. Various factors determine a property?s worth but NetREIT attributes much of its success to being able to locate real estate opportunities like this and take advantage of these types of situations. NetREIT, Inc. operates under the fundamental principle that no matter what the economic conditions are, real estate is always a good investment. According to company research, real estate has performed historically well when measured against the S&P, DJIA, and bonds. Real estate provides a strong potential hedge against inflation.

For more information, please visit the website:NetREIT







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Ascott Opens Its First Somerset Serviced Residence In India ? Somerset Greenways Chennai

May19
2012 Leave a Comment Written by

(PRWEB) May 18, 2012

CapitaLand?s wholly-owned serviced residence business unit, The Ascott Limited (http://www.the-ascott.com/) (Ascott), continues to expand its presence in India with the soft opening of its first Somerset brand of serviced residence in the country. The debut of the 187-unit Somerset Greenways Chennai follows the company?s recent opening of the 96-unit Citadines Richmond Bangalore. Somerset Greenways Chennai is a joint venture between Ascott and Rattha Group, a company in the field of infrastructure development, leasing and exports in India.

Mr. Ronald Tay, Ascott?s Chief Investment Officer who oversees the company?s business in India, said: ?India is an important market for Ascott. There is a huge untapped demand but limited supply of serviced residences to cater to the increasing number of expatriates and travellers. We target to have 4,000 apartment units in India by 2015. Our strategy is to expand in the high growth cities with strong demand for international-class serviced residences. Chennai is one of the key cities in our India network as it is a major automobile manufacturing and business process outsourcing destination for IT and IT-enabled services. The new Somerset Greenways Chennai offers business executives who are travelling with their families the warmth of home and work-life balance through its wide range of lifestyle and recreational facilities.?

Mr. H.S. Rattha, Chairman, Rattha Group of Companies, said: ?The concept of serviced residences which are available for long and short stays is still relatively new in Chennai. Chennai offers one of the best infrastructures in India and it is attracting many multinational companies to set up offices in the city. Hence, we see strong growth potential for serviced residences. Ascott is the world?s largest international owner and operator of serviced residences with award-winning brands. By partnering with Ascott to open Somerset Greenways Chennai, we aim to bring international standards to the serviced residence segment in India and set a benchmark for the industry.?

Strategically located in MRC Nagar, Somerset Greenways Chennai is a 10-minute drive from the central business district of Chennai where international banks, financial institutions and multinational companies are located. The serviced residence is close to commercial centres, leisure and entertainment hubs which feature retail stores offering exclusive international brands, fine dining restaurants, food courts and multiplexes.

Somerset Greenways Chennai offers a range of stylish studios, one- and two-bedroom apartments as well as a three-bedroom apartment. Each apartment features a fully-equipped kitchen, separate living room and state-of-the-art home entertainment system. The extensive facilities include an infinity swimming pool and roof top Jacuzzi amidst a landscaped garden, a gymnasium, steam room, sauna, two restaurants that serve international cuisine, a lounge bar and a business centre with efficient support services. Residents can entertain their friends in the privacy of their spacious apartments or enjoy a barbecue at the roof top garden with their family while their children have fun at the play area.

Rates start at INR 8,000 per night for a studio apartment. Attractive monthly rates are also available for long stays. The rates are subject to taxes and include daily buffet breakfast, one-way airport transfer, welcome hamper, complimentary broadband Internet access, daily newspaper and daily shuttle service to Chennai?s largest shopping mall, Express Avenue mall.

Besides Somerset Greenways Chennai and Citadines Richmond Bangalore, Ascott has five other serviced residences with more than 1,100 apartment units under development in India. The five properties are scheduled to open progressively in Chennai (300-unit Citadines OMR Gateway), Ahmedabad, Bangalore (two properties) and Hyderabad by 2015. In total, Ascott?s seven properties in India will have over 1,400 apartment units and will cost more than US$ 250 million (INR 1,125 crores) when fully developed.

For reservations and more information on Somerset Greenways Chennai, please visit http://www.somerset.com/en/india/chennai/somerset_greenways.html, email enquiry.chennai(at)the-ascott(dot)com or call (91-44) 7101 0000.

About The Ascott Limited

The Ascott Limited is the world’s largest international serviced residence owner-operator with over 22,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as over 6,000 units which are under development, making a total of more than 28,000 units.

The company operates three brands ? Ascott, Citadines and Somerset. Its portfolio spans over 70 cities across 20 countries, 12 of which are new cities in Ascott’s portfolio where its serviced residences are being developed.

Ascott, a wholly-owned subsidiary of CapitaLand Limited, is headquartered in Singapore. It pioneered Asia Pacific’s first international-class serviced residence in 1984. It also established the world’s first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust, in 2006. Today, the company boasts a 27-year industry track record and serviced residence brands that enjoy recognition worldwide.

Recent awards include Business Traveller UK Awards 2011 “Best Serviced Apartment Company”, Business Traveller Asia-Pacific Awards 2011 “Best Serviced Residence Brand” and “Best Serviced Residence in Asia-Pacific”, DestinAsian Readers’ Choice Awards 2011 “Best Serviced Residence in Asia Pacific”, TTG China Travel Awards 2011 “Best Serviced Residence Operator in China” and TTG Travel Awards 2010 “Best Serviced Residence Operator”.

About CapitaLand Group

CapitaLand is one of Asia?s largest real estate companies. Headquartered and listed in Singapore, the multi-local company?s core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific and Europe.

The company?s real estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced residences and mixed developments, spans more than 110 cities in over 20 countries. CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region.

The listed entities of the CapitaLand Group include Australand, CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust, CapitaRetail China Trust, CapitaMalls Malaysia Trust and Quill Capita Trust.







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