Monday, October 22, 2018

$325 million sought to buy unsold properties. Novel investment scheme being proposed


Developer Namir Cortas and property broker and consultant Massaad Fares are launching the first fundraising round for an investment scheme, or 'platform', dedicated to buying unsold high-end properties in Beirut and its immediate surroundings.

The goal is to raise $325 million by promoting apartments ranging in price between $500,000 and $2 million, through Legacy Central, a company chaired by Fares and Cortas that will act as the investment manager.

"Legacy Central is a sales com...

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