The Place at 2500 James

FORMERLY: Bay Harbour Apartments
LOCATION: Baytown, Texas
TYPE: Residential Acquisition
SIZE: 308 Units
PARTNER: MC Companies

Download Flash Player

At Fast Track Capital, we are different than other investment firms. We pride ourselves on keeping our investors updated on their investment through ongoing communication. In March of 2012, we hosted a very informative conference call to update you on your investment in the The Place at 2500 James (formerly Bay Harbour). Ross McCallister, Co-Founder and J B Durham, Asset Manager of MC Companies', joined Darren Weeks, Founder and Amardeep Gill, CFO of Fast Track Group to discuss the status of the development project. The recording below should help you understand why we are so excited about the enormous investment potential of this project.

Investment Update Teleconference (March 15, 2012) – Listen Here

The Place at 2500 James (formerly known as Bay Harbour Apartments) is a 308 unit apartment building located in Baytown, Texas - part of the Houston-Sugarland-Baytown metropolitan area. The property was built in 1973 and occupies over 18 acres. Property features include a clubhouse, children’s playground, and volleyball court as well as oversized closets, large floor plans, and private balconies.

Houston, Texas is a booming market that is home to 2.5 million people and 24 Fortune 500 company headquarters within the metropolitan area. In addition, Houston is projected to grow by another million residents and add over 500,000 jobs in the next 10 years. Baytown is an economic anchor for the Houston metropolitan area. Besides being home to 70,000 residents, it is the headquarters of Exxon Mobile and in close proximity to the Port of Houston.

Purchased in foreclosure, The Place at 2500 James Apartments has until now been mismanaged and undercapitalized, with over a third of the units left vacant and rents below market average. The business plan for The Place at 2500 James involves reorganization of the property’s management and significant property renovations. Upgrades include a new pool, updated clubhouse, new appliances, and upgraded roofing. It is anticipated that these upgrades will produce higher cash flow which will be shared with investors through a preferred rate of return, and increased value which will be realized long-term through sale or re-finance of the property.

Our strategic partner in this investment is MC Companies. Founded by Ken McElroy and Ross McCallister since 1985, MC Companies has developed and acquired over $350 million in multifamily properties, totalling over 4,000 units. The company has two offices and over 160 employees. Ken and Ross have over 50 years of combined multi-family real estate experience, are real estate advisors to Robert Kiyosaki and the Rich Dad organization, and have written best selling real estate guides. They are thought to be among the best property managers in the United States. For more information on MC Companies, please visit www.mccompanies.com.

2500 E. James Avenue | Baytown, TX 77520

The information contained in this correspondence is proprietary and confidential and is not intended to solicit investment funds in any jurisdiction. This correspondence and the information contained herein do not constitute an offer or solicitation for the sale of any product or securities of Fast Track Capital Inc. (operating as FTC Ventures Inc. in the province of British Columbia) or any of its current or future affiliates ("Fast Track"). Any formal offer of product or securities will only be accompanied by formal offering documentation or other definitive materials that have been prepared in accordance with applicable laws specifically for the purposes of making such offer. The information available within this correspondence is not intended to provide you with any financial, accounting, tax or legal advice. Neither Fast Track nor any of its employees or agents are financial or tax advisers. Accordingly, please consult your own advisers. This correspondence may contain forward-looking information with respect to Fast Track's projects and future results. Forward-looking statements often, but not always, are identified by words such as "anticipate", "believe", "expect", "intend", "should", "should be" and similar expressions have been used herein to identify forward-looking information. Actual results may differ from expected results for a variety of reasons including, but not limited to, economic and financial conditions in Canada and globally, regulatory developments in Canada and elsewhere, technological developments, competition and other factors beyond Fast Track's control. Fast Track makes no representations or warranties about accuracy or completeness of this correspondence or any of its contents, including, without limitation, the accuracy or timelines of its contents. Any implied warranties, whether statutory or otherwise, on any such matters are hereby expressly excluded to the full extent permitted by applicable law. Fast Track assumes no obligation to update or revise this correspondence or any forward-looking information to reflect new events or circumstances. In no event shall Fast Track or any of its trustees, directors, officers, employees, agents, affiliates or subsidiaries (the "Fast Track Group") be liable to you or any other person or entity for any damages (whether general, direct, indirect, special, punitive, exemplary or incidental) arising directly or indirectly out of the use or content of this correspondence, even if any of the Fast Track Group have been advised of the possibility of such damages. Any reproduction of this correspondence without written permission from Fast Track is prohibited. Recipients agree not to disclose its contents to any third party.