US REOF I LLC, a Texas based liability company has announced in PR Newswire that it will endeavor in Texas Real Estate as a Private Equity Company that is focused on acquisition, rehabbing, leasing and selling of single-family homes in Texas as well as in select cities in the Midwest.
The company will acquire distressed and/or opportunistic single family residential properties for the purposes of rehabbing, leasing, property managing and/or selling the assets through traditional and non-traditional avenues.
US REOF will begin its operations in Dallas/Ft. Worth and Houston metropolitan areas. Depending on opportunities and market conditions, the company will have secondary market in Indianapolis, Kansas City and St. Louis.
US REOF CEO Merrill Kaliser together with his team of professionals, developed proprietary software, six sigma enhanced processes and procedures to efficiently target, acquire, rehab and lease assets.
Merrill's team also worked for several private equity companies to assist with some underperforming real estate portfolios.
Merrill Kaliser started his career as a corporate restructuring and bankruptcy attorney at Gardere.
In 2008, Merrill co-founded Longhorn III Investments, LLC. Longhorn III Investments is a lending company that offers premier hard money on non-owner occupied single family properties in the state of Texas. Two years later, Merrill co-founded Trident Realty Investments, LLC, a 506 Reg D fund that catered mostly to accredited investors and became the new lender/private bank for Longhorn. Trident grew to approximately $25 MM in capital, approximately $22 MM in credit facilities to assist to fund its growing 400+ private loans annually.
In 2012, Merrill formed Longhorn IV Investments, LLC to co-venture with Building and Land Technology (or "BLT") in a business that buy, rehab, lease and manage property and single-family rental houses in Texas.
With his excellent track record and successful partnership with BTL, Merrill decided to launch his own private equity company.
