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Mountain Real Estate Capital And L Star Acquire Brightleaf at the Park

Torrance, CA - February 7, 2012 - (RealEstateRama) -- Mountain Real Estate Capital (MREC) and L Star Management (L Star) are proud to announce the acquisition of Brightleaf at the Park in Durham, N.C. As one of the premier master planned communities in the Triangle, Brightleaf’s proximity to Research Triangle Park (RTP) makes it highly sought after by both homebuilders and homebuyers. The acquisition is comprised of 900 residential lots with products ranging from townhouses to single-family lots, widths from 50 to 90 feet. The terms of the deal were not disclosed.

Mountain Real Estate Capital Acquires and Restructures Note on 270-Acre Master Plan

Torrance, CA - February 15, 2011 - (RealEstateRama) -- Charlotte-based Mountain Real Estate Capital (MREC) recently closed another acquisition: a $20 million note held by CommunityOne Bank of Asheboro, N.C., which is secured by the Kellswater Bridge community in Kannapolis, N.C. MREC also worked with the current developer to restructure the debt and allow for a smooth transition of ownership. MREC will team with Raleigh-based LStar Land as its co-developer of the project. MREC and LStar plan to reposition sections of the project and accelerate development and sales to qualified national and local homebuilders.

Mountain Real Estate Capital Closes 2010 With Four Note Acquisitions in December

Torrance, CA - January 13, 2011 - (RealEstateRama) -- Charlotte-based Mountain Real Estate Capital (MREC) advanced its bank NPL/REO acquisition program by closing four transactions on Dec. 30, 2010, bringing its total 2010 residential land acquisitions to more than 12,000 acres and over 7,500 home sites nationally. Notes and equity purchases were closed with over 20 different selling banks, amounting to an unpaid principal balance in excess of $600 million. With these latest acquisitions, MREC now owns and manages more than 200 projects with over 10,000 lots and 7,400 acres of land across the U.S

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How One Agent Is Surviving In Today’s Market

Raleigh, NC - May 23, 2011 - (RealEstateRama) -- For the 3rd consecutive year in a row Rupert Bryan has not only won all the top awards in the Coldwell Banker Falls Office, but he is also ranked as one of the Top Agents in the Triangle (#18 Triangle Business Journal Residential Realtor)

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New Hanover County, NHRMC Finalize Purchase of Health Department Property

New Hanover Regional Medical Center (NHRMC) and New Hanover County have executed an agreement for NHRMC to purchase the county’s Health Department property located at 2029 South 17th Street for $19,350,000.