Fraser Forbes Finalizes $8.2 Million Deal
1/12/2009
McLean, VA, January 12, 2009–Fraser Forbes Company, a land sales, advisory services and management services firm in Washington D.C., announced today that it has finalized an $8.2 million deal in Montgomery County, Maryland. Fraser Forbes agents Richard Samit and Mychael Cohn were hired exclusively to represent Carl M. Freeman Associates in the sale of Inverness Knolls, a 45 unit residential property in Potomac, Maryland, and successfully finalized the sale on December 19, 2008.
Within four months of Fraser Forbes involvement, Fraser Forbes marketed the property to in excess of 100 prospects and brought dozens of offers to the seller by creating a competitive bidding process. By June 2008, Fraser Forbes had secured a contract at an attractive price and closed on the property in December 2008. With the process Fraser Forbes developed and managed, Fraser Forbes was able to secure the best price on the property for the owner in a timely manner.
"Our team did a stellar job at facilitating the sale of Inverness Knolls, an income producing asset that had value add potential through redevelopment," remarked Richard Samit, co-founder and CEO of Fraser Forbes. "This deal proves that even in a down market, buyers are still out there. Even in these challenging times we continue to maintain strong relationships with an extensive list of buyers. This is a direct result of our ability to capitalize on our expertise and get deals done."
About Fraser Forbes
Founded in 1995, Fraser Forbes Company (fraserforbes.com) is a comprehensive real estate services firm specializing in the DC/VA/Baltimore metro market. Fraser Forbes has completed close to $3 billion in transactions for its clients consisting of over 30,000 residential lots and over 5 million square feet of commercial land. Whether representing clients buying and selling raw land for future development, brokering real estate deals slated for office, retail, hotel and industrial uses, or rendering advisory and management services, Fraser Forbes empowers its clients to get the most out of their investments. Fraser Forbes is the premier, full-service real estate firm in the DC/VA/Baltimore metro area market. Fraser Forbes can be reached at 703.790.9400.
