CityR, the specialist property investment business which offers US property investment opportunities to British investors, has retained the services of Robert Reid as a consultant.
Reid is a Chartered Financial Planner and investment adviser at Syndaxi. He is also currently the vice president of the Chartered Insurance Institute and a well-known voice in the intermediary financial market.
Reid says: “CityR has a long history in US property investment, and I look forward to working with the UK team to help them better understand the market’s demands for their proposition.”
Ron Szekely, founder of CityR, says: “Robert is hugely respected in the industry, and the adviser community in particular, and as we expand our company into the UK market his appointment will be invaluable in enabling us to reach our growth ambitions. His reputation and expertise adds yet another dimension to our unique property investment proposition, and all of us are extremely pleased to welcome him as a consultant to the company.”
CityR, which has 15 years’ experience of investing in the US, identifies and purchases multi-family residential American properties on behalf of UK based investors. Yields are then returned to investors on a quarterly basis, with CityR looking at a five year time horizon for sale, creating an opportunity for capital value growth.