Sept 1st 2014 //
CityR, the US specialist property investment business, is pleased to announce it has appointed former professional footballer Robbie Fowler as an ambassador for the business within the UK.
Robbie is a renowned property entrepreneur with a portfolio worth over £30m, and has teamed up with CityR to offer his insight for their new publication, ‘The 10% Report’, which explains how CityR can deliver returns of around 10% for investors.
Property first came to Robbie’s attention when he was still playing football. Realising he needed to develop a career once he could no longer play, the potential of bricks and mortar was an instant attraction. A property career which started with properties in the North West of London has expanded to a global investment portfolio in multiple countries.
Robbie joins Robert Reid, Chartered Financial Planner and Investment Adviser at bespoke financial planning firm Syndaxi, as experts advising CityR in the UK.
Robbie Fowler, CityR ambassador said: “I know that for many people property is seen as one of the safest investments; it’s tangible, it tends to be less affected by stock market fluctuations and it has the added benefit of both a strong yield and the potential of capital appreciation.
“When I first heard about CityR, the model really interested me so I look forward to introducing more people to the investment possibilities they are offering. It’s an exciting time to be involved with the business.”
Ron Szekely, Founder of CityR added: “Robbie is almost as well known for his property investing as his football career, so having him join our team is great news for us. We are opening up the US property market to UK investors allowing them to receive fantastic yields specifically in today’s economy when the dollar is week, the property prices in the UK have exhausted their increase and interest rates are in record’s low. Having someone like Robbie on board, who knows what British property investors want, will be invaluable.”
CityR, which has 15 years’ experience of investing in the USA, identifies and purchases multi-family residential American properties on behalf of UK based investors. Yields are then returned to investors on a quarterly basis, with CityR looking at a five year time horizon for sale, creating an opportunity for capital value growth. CityR employs a unique model, operating neither as a brokerage or an investment house, instead investing up to 10% of its own equity into each property alongside investors while providing its partners a preferred return.
The full detail of the model can be seen in the newly launched ‘The 10% Report’ which can be downloaded from http://www.cityrgroup.com/articles/10-report/