New York, New York (October 25, 2010)
The Wall Street Organization, Inc.® (WSO) www.wallstreetorganization.com, a private U. S. investment banking company accompanied by a lengthy track record and having a global investment appetite today announced its retaining of the marketing services of Emirates Asset Management (EAM).
EAM is a company that provides investor reference services and is based in Ras al-Khaimh, one of the Emirates of the United Arab Emirates (UAE), in the Persian Gulf. According to Mr. Andrew D. Fiddament, CEO of Emirates Asset Management, www.emiratesassetmanagement.com, “We have been searching for a company to present to our international clientele and The Wall Street Organization, Inc.® , with its extensive track record, ticked all of the boxes.” According to WSO Founder and President, Stephen M. Cole, “We feel there is a perfect fit in working with Emirates Asset Management due to their widely diverse global investor client base.” Mr. Cole said that “WSO has a very strong interest within pre-determined market sectors that have been impacted by market specific downturns such as the U.S. real estate marketplace, more specifically Las Vegas, Nevada.”
has begun to seek out real estate opportunities in both the commercial and residential marketplaces in Las Vegas, the fastest growing city in America for the past ten years, which has also retained its No. 1 national ranking when it comes to foreclosure filings during the first six months of 2010. Nevada has been ranked No.1 in foreclosures among the states since January 2007, according to RealtyTrac. California-based RealtyTrac reported 53,525 Las Vegas homes received foreclosure filings in the first half of the year. That represents one in 15 homes, or 6.6 percent of homes — more than five times the national average.
The media has trumpeted Las Vegas as the foreclosure capital of the United States. At the same time, the attraction of Las Vegas homes is increasing, according to U.S. News and World Report which completed a comprehensive survey entitled “America’s 10 Best Undervalued Places to Live”. The goal of the analysis was to identify residential markets that were not only drastically discounted on a pure pricing basis, but also represented locations that offered a high quality of life and promising long term prospects. Ranking #1 on the U.S. News and World Report’s Top 10 List of Undervalued Places is Las Vegas, Nevada. All in all, The Wall Street Organization, Inc. is very excited about tapping into the Las Vegas foreclosure marketplace and passing along the profits to its investors.