(Read more on the debt and equity markets andthe multifamilymarket .)
[IMGCAP(1)]GARLAND, TX-Industry leader Ray Wirta and adecade-long friend are using Dallas/Fort Worth as the launch padfor a new proprietary web-based investment vehicle, Nexregen. Theprogram, pointed at 100 US cities, targets retail and multifamilyinvestments in the $10-million bracket for the "next real estategeneration of investors."
Wirta and Harold Hofer, with Newport Beach, CA as their homebase, have spent the past two years laying the groundwork forNexregen's on-line sales to begin, an offering for shares incommercial assets at $2,500 and $5,000 buy-ins. Wirta, former CEOfor CB Richard Ellis and its current vice chair, is replaying hisstart in the industry when he invested $2,500 into real estate incollege and later collected a profit from its sale.
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