Stonewater Properties 2010 Outlook
Jan 25, 2010
Stonewater Press Release January 25, 2010
Stonewater Properties did not purchase any properties in 2009. This was not from lack of trying! There was a clear gap with what purchasers were willing to pay and with what vendors were willing to sell. The financing for Real Estate all but dried up, making the environment additionally challenging. Lending is starting to open up a bit and we feel strongly that the prices are starting to come off enough to match more of our investing criteria with the reduced cost of construction (see investing criteria). There will be some great opportunities starting this year and moving forward for the next few years as the economy slowly recovers and we intend to take advantage of the lower cost per square foot for properties in this timeframe.