Real Estate Investment Newsletter August 2006

Charlotte Makes Headlines

"The nine county Charlotte area grew by 29 percent from 1990 to 2000; only five US metro areas of 1 million or more had a higher rate.  The area grew an additional 10 percent from 2000 to 2004, and now has almost 2 million people, according to US Census data"

- The Charlotte Observer, May 21, 2006
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"Over the past five years, North Carolina had added 636,751 residents, a 7.9 percent increase in the total state population from April 1, 2001 to July 1, 2005.  That five year growth rate ranks seventh nationally behind Nevada, Arizona, Florida, Georgia, Utah and Idaho."

- The Business Journal, December 23, 2005
 


“Planners expect the Charlotte economy to add 374,000 jobs over the next 25 years, a 65 percent increase.  Charlotte will be the region’s cultural and economic center for as far into the future as experts can predict.”

-The Charlotte Observer, March 28, 2006

 Charlotte and the Charlotte region are uniquely poised for continued, steady growth for the next decade or more” Williams says.  “You name it; we have it in spades – natural resources and outdoor recreation, transportation infrastructure, colleges and universities, arts, entertainment and sunshine.”


-The Business Journal, December 30, 2005

Charlotte ranked #6 in the Business Journal’s list of America’s Smartest Cities for 2006. 
The article in The Business Journal cited that almost 37 percent of the adults in Charlotte hold a bachelor’s degree and 10.5 percent earned a graduate or professional degree.  The result, according to the article, is a “well-schooled workforce”.

- The Business Journal, June 12, 2006
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Close to Home:
Charlotte and North Carolina Sales Stay Strong


"Charlotte has one of the nation's healthiest real estate markets. Sales are strong elsewhere in North Carolina, too. Statewide, sales were up 10% the first five months of the year compared with the same period in 2005. Sales nationally were down 6% in that time.... "

-USA Today, July 18, 2006
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Forbes Magazine Ranks Charlotte "Steroid City"

Forbes describes a "Steroid City" as a fast growth metro area. Ranked #3 in this division of the 150 Cheap Places to Live 2006, the article describes Charlotte as "...a banking hub, a media center and the spiritual and physical center of NASCAR." The article also cites the great home values, especially in new construction, and the deals that can be found in Charlotte's outlying areas.

-Forbes, June 21, 2006
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   CONVERGENT'S FEATURED INCOME PROPERTIES

Constitution Park
Phase 1 Release


Convergent Acquisitions and Development, Inc. is excited to announce our fabulous new neighborhood Constitution Park.

Constitution Park is a beautiful town home community located in the heart of Rock Hill, SC, just minutes from Uptown, Charlotte. Rock Hill has a population of around 60,000 people, a more then ten percent increase since 2000, and is continuing to grow rapidly. The community is ideally located in the heart of a major medical campus, near a university, shopping and dining.

As always, our brand new homes have been upgraded with our exclusive rent-ready package, and come complete with the builder’s 2-10 year warranty. This is an amazing opportunity to get in early in a market that is that is growing quickly. Do not miss out on this special offering. CLICK here for complete information on the hyper growth potential of this area, plus details on our Constitution Park available inventory.

   CONVERGENT NEWS


Convergent Moves
Into New Offices


Convergent Acquisitions & Development, Inc is pleased to announce that we have moved.  Our new office is located in the prestigious Ballantyne area of Charlotte. As our friends around the country know, our phenomenal growth had cramped us in our old space. Our nearly 10,000 square foot new headquarters has made life a lot easier. The team is extremely excited about our new surroundings.  We look forward to continuing to grow with the success of our customer’s properties.

   CONVERGENT WAS THERE FIRST!

Hospital Planned Near The Villages at Bent Creek


Our predictions as to the Mint Hill area have been supported by another key indicator of hyper-growth: Presbyterian Healthcare has announced that it plans to open a hospital in 2008 on a 50 acre site at 485 and Albemarle Road in Mint Hill. This $90 million project will fill the growing needs of the rapidly expanding population in the area. The hospital plans to employ around 350 people.

“The Mint Hill area’s population is steadily rising, notes Mark Billings, Presbyterian vice president of growth and development. “We have been watching the growth and projected growth for a number of years."

"Mint Hill has 138,000 residents, he says, and the area has seen 11 percent to 12 percent increases in its population over the past three years. That double digit growth trend is expected to continue through 2010, Billings adds”


- The Business Journal, Tuesday, July 18, 2006

This new hospital will be located close to Convergent Acquisitions and Development Inc’s project The Villages at Bent Creek. The entire region is exploding and Phase One is almost sold out. This is a fabulous opportunity to purchase in this growing market.

Read about the new hospital here

Click here to learn more about available inventory at The Villages at Bent Creek.



Convergent was right again!

   

*You are under no obligation to use any particular mortgage lender, property manager, or insurance company. Recommendations are made as a courtesy only, based on the reputation of, and our experience with, the referred companies. Calloway Investment Inc. and their advisors cannot be and are not responsible for the conduct of other firms.

**Nothing herein implies that other than the owner is responsible for choosing and directing each element of management. Calloway Investment Inc. is a developer and vendor of real estate, and nothing herein should be construed as legal, tax, financial or other professional advice.