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Hungarian real-estate investor Futo eyes U.S. residential market

Posted on 21 June 2012

Gabor Futo, co-founder of the Budapest-based central European property group Futureal, plans to establish a U.S. company with initial funding of $15 million to build a residential-property portfolio of 500 homes.
The U.S.-based company, Cordia USA, will make its first acquisitions in the states of Georgia and Michigan with plans to renovate and rent the homes before selling them within five years, Futureal said……………………………………….Full Article: Source

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