| real estate acquisition At Hudson Companies, we are continually expanding our real estate portfolio through self-developed projects while seeking new opportunities through acquisition. This often proves to be the most expedient and cost-effective method to enter a new market or territory since certain conditions can preclude any but the largest of developers to materially participate in some endeavors. As a result, we continue to build our real estate portfolio by identifying both undervalued properties and properties that will add diversification and stability to our existing asset base. Our acquisition team remains alert and open to any new venture, while primarily focusing on two distinct markets– mixed-use office buildings and multi-family housing communities. Our experience in commercial real estate allows us to easily assume ownership of office buildings and immediately apply our knowledge to maximize earning potential. Multi-family housing communities provide Hudson Companies necessary diversification in an area which has proven profitable in past endeavors. We plan to continue to add to our holdings in this segment of the real estate market, focusing on larger apartment communities in either established or new high-growth neighborhoods in major metropolitan areas. While the majority of our acquisitions
are located in Florida and Pennsylvania, our management team is
currently seeking to broaden our territory to include select demographic
regions on the east coast.
" I have managed and leased major Class A commercial properties in the Philadelphia area for nearly 30 years. I have found the people at the Hudson Company to be among the finest owners with whom I have ever been associated. There is close personal involvement at the highest levels yet they respect and appreciate the efforts of the entire property team. John Hudson and Eric Hunter in particular make sure that their tenants are happy and cared for properly. They do not hesitate to invest in property improvements that create a safe, appealing, and pleasant environment. The high level of tenant retention at Marple Commons is the direct result of excellent ownership."
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