We have never defaulted on a loan or done any workouts with the banks. We weathered the financial crisis in great shape.

We were able to purchase and take advantage of multiple mismanaged projects as we came out of the crisis.

 

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We are now focused on repositioning under developed apartments, multi-tenant industrial, and multi-family infill development projects. We currently have several medium sized 24-60 unit multi-family projects in Southern California in various stages of entitlements. The plan is to complete the entitlements, permits and build the projects out for long term cash flow and appreciation.

We spent most of 2016 and 2017 seeking to acquire existing multi-family and industrial projects. Ultimately we decided it made no sense to acquire existing projects. There's simply too much Capital chasing very low yields.

From 2014-2016, we sold a lot of the properties that we purchased as we came out of the crisis. We have kept a lot of the more valuable assets and put in long term, low interest rate, non recourse debt on most of those assets returning the majority of the investors original investment. We are now in a position where we receive income and depreciation with most of our original investments returned.

From 2010-2014 we bought multiple defaulted Commercial and Residential loans or assets from the banks at the end of the recession. We then foreclosed and improved the properties. Those properties include retail centers, industrial projects, apartments, single family homes and finished lots.

As a principal in the partnerships, George and his family have been the primary investors. From 1998 - 2006 we did numerous infill projects, primarily coastal projects from the ground up. We obtained coastal development permits, building permits and developed over 20 projects in the $1,000,000 to $20000,000 range. That ground up entitlement and development experience, makes us different. We also did some major land development and re-entitlement projects. Between 2005 and 2007 we sold the majority of those projects, so we were able to come out of the recession in great shape.

Prior to starting Champion Real Estate Investments, Inc., from 1988-1998, George worked as a Commercial Real Estate Broker. He did over 150 leases or sales worth over $100,000,000. He also witnessed every developer he worked for go through bankruptcy in the early 1990’s. He believes that experience and the fact that he later became a tenant rep broker set him up to exit early in the last recession and do better than most other developers.

George Champion, served as a Special Ops and Diving Officer in the US Navy from 1984-1988.