Villagómez Grupo Inmobiliario (VGI) aims to be one of the largest private owners of residential and commercial real property in New York City. VGI specializes in the investment of distressed real estate portfolios with a high equity to cost ratio. Necessary and strategic improvements to the acquisitions are then made, which permits tenants’ to experience quality affordable living, all while further raising property value and maximizing returns.
Newsday reported that there have been 14,477 foreclosure filings for properties in the state during the three months ending September 30, 2008, 19% higher when compared to the same three months last year; while nationally they rose 71%. Comparatively speaking, New York City has demonstrated stability. A limited yet profitable “vein” for investors.