The owner of a Los Angeles-based real estate investment trust is hoping his new venture will help him and his fellow investors move their money from one place to another.
“We are here to build a strong portfolio and build a stable foundation,” Charles Stross, the president and chief executive of the Trust, told Fox Business Network’s “Mad Money.”
“We have an amazing team of investors and people who are willing to make a lot of money.”
In the years following the 2008 financial crisis, Stross and his investors purchased properties in California and Florida, which he says is where they have made the biggest gains.
Today, they own more than 30 properties and have an ownership stake of $9 billion, according to Forbes magazine.
In recent years, investors have made large returns.
They are investing in properties like a condo in New York, a mansion in Los Angeles, a luxury hotel in San Francisco and a luxury condo in Miami.
In 2016, the trust made more than $1 billion.
The trust’s portfolio has included property in Manhattan, Los Angeles and Miami.
“The trust has the ability to take a big hit and put some money back into the market, but it’s still not the same investment,” Stross said.
“It has to be diversified, it has to have diversification, it needs to be attractive to investors.
And we are going to do that.”
Stross says he’s willing to sell some of his properties for more than he’s earned back.
He is also willing to buy them for a higher price.
He says he plans to sell his Miami condominium for $2 million, for example.
But Stross is not willing to take all the losses.
“It’s a long-term commitment,” he said.
Stross also said the trust has a solid foundation and is in good financial shape.
“My portfolio is healthy,” he added.
Stross said he’s already sold a property in the Bay Area for $1 million.
A major problem with the market is that investors don’t have enough information about real estate to make good decisions, Stros said.
The trust is currently seeking investors from across the country.
It is also offering a free investment account that allows investors to access all the information that’s publicly available about the market.
For now, the company is focused on attracting investment.
Stros has been active in the industry for several years.
He helped start a hedge fund and has been on the board of directors of an investment company, the Charles Stros Group.
One of the biggest challenges in the real estate industry, Stocks said, is the lack of quality investment options available.
It’s difficult to make any investment that will make you money in the long run, he said, adding that many of his investors are in their 30s and 40s.
“They are not getting into retirement yet, and they need to make sure they have a solid portfolio and get a good return on their money,” he explained.
There are also other barriers that have prevented many investors from making a good investment, he added, including limited access to information.
If you’re interested in getting involved with the Stross Fund, please email [email protected] to make an appointment.
This article was updated to correct the location of the trust.