About Miracle, Inc.
Miracle, Inc. offers §1031 exchange services for real estate investors interested in Tenant-in-Common ownership of institutional quality multi-tenanted office and multifamily properties.
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The principal objective of Miracle, Inc. is to make core acquisitions of multifamily and office properties. Asset requirements include stabilized occupancy in the acquisition range of $7,000,000 to $20,000,000. Properties are delivered free and clear of existing debt, and are up to 15 years in age with a "B" or better asset quality rating.
Along with Tenant-in-Common co-owners, our strategy is to invest in quality properties in strong markets and submarkets to achieve high-level economies of scale within a diversified range of quality commercial properties. Investments are efficiently managed and held from 3 to 5 years until the property value matures.
MIRACLE targets attractive risk adjusted cash-on-cash investment returns of 7.0% on initial cash flows and in excess of 9.0% over the hold-period. Moreover, MIRACLE recognizes that professional property management is important to a successful long-term real estate investment, and only uses property management firms that are familiar with the markets wherein the properties are located. Complete operating results are provided that produce investor confidence.
Investing in 1031 tax-deferred exchanges offers potential tax benefits with expectations of growth profits upon resale.
Miracle, Inc. benefits from a currently dynamic and very liquid market, and offers investors and exchangers quick turnover opportunity with a stable, liquid, and reliable company.
The Executive body includes Messrs. Frederic Richardson, Chairman/President; and John Settles, EVP/Mortgage Division.
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