For more than 25 years, accomplished entrepreneur Jay Zises has been serving as chairman of A Cap, Inc. A Cap provides high-net-worth individuals with investment management services to connect investors with small businesses and entrepreneurs. Jay Zises also pursues his interests in dealing with distressed market real estate.
A real estate property is considered distressed when it is faced with economic or legal issues that precipitated the real estate transaction. The key to understanding distressed real estate market may be dependent on understanding the basic differences between a distressed owner and a distressed asset. A distressed owner owns a performing real estate property but is under duress to immediately liquidate the property. The property, in this case, is at market considering occupancy and income, as long as it has been properly maintained. Despite the positive characteristics of the property and for additional reasons beyond the property itself, the owner is pressured to look for a willing buyer to liquidate it. A distressed asset, on the other hand, is a real estate property that performs below market levels. Its occupancy is below stabilized, and the income derived from such property is insufficient to cover the costs to maintain it. Most distressed assets are negotiated on a short sale. In this case, the owner negotiates the price with the lending institution to approve of the property sale at a lower price for which it was lent or the owner purchases straight from the lending institution consistent to the foreclosure proceedings.
32 Comments
7/23/2019 0 Comments Startup NumbersAccomplished businessman Jay Zises serves as the chairman of A Cap, Inc., an investment management company that focuses on investment management for individuals. In this capacity, Jay Zises is able to pursue his interests in startups.
Thousands of ambitious and hopeful businessmen start new businesses each year. While, according to statistics, half of these startups will be gone after four years, there are some more encouraging numbers, such as: 69 percent of startups in the US started their businesses at home. In the 2017 Economic Report released by the National Association of Small Businesses, 35 percent of startups are LLCs, thirty-three percent are small business corporations (S-corporations), 19 percent are corporations, 12 percent are sole proprietorships, and two percent are partnerships. Eighty-two percent of successful entrepreneurs believed they possessed the qualification and experience to be their own bosses. For startups, money is the most important ingredient for success. According to statistics, one-third of startups started their businesses with less than $5,000; 58 percent have initial cash capital of less than $25,000. In 2018, personal funding accounted for the most popular financing method at 77 percent, followed by bank loans at 34 percent. The report also indicated that in 2018, the business services and restaurants are the industries with the most number of business startups at 11 percent apiece, followed closely by health, beauty, and fitness at 10 percent. Jay Zises is a father of four and grandfather of seven. Professionally, Jay Zises has served as the chairman of A Cap Inc., an investment management company for the last 27 years. He has managed and has invested in hedge funds. An alternative investment method, hedge funds are designed for high-net-worth individuals. Hedge funds consist of different securities that are pooled together and managed by a fund manager who is free to employ a variety of investment strategies. However, the strategy must be disclosed to investors. Hedge funds are defined by several other characteristics in addition to this disclosure requirement. - Investor limits: To accommodate the higher risk often present in hedge funds, only qualified investors are allowed. This refers to individuals worth greater than one million dollars or with an annual income in excess of $200,000 for several years. - Flexibility: Hedge funds are allowed to invest in a wider range of securities than mutual funds, which only invest in stocks and bonds. - Use of leverage: Often, borrowed money is a component that hedge funds use to maximize returns. However, this increases risk. A financial executive based in New York City, Jay Zises serves as the chairman of Associated Capital Inc. In this capacity, Jay Zises focuses his efforts primarily on investment management for high net worth individuals. Although the exact definition of “high net worth” varies based on the situation, according to Forbes Magazine, individuals with a net worth of at least $2 million typically fall into this category. Individuals of high net worth will have a wide variety of investment objectives, but they nevertheless share many characteristics in terms of investment habits. In general, high net worth individuals like to allocate their investments across many different advisors and account types. As such, many advisors have stopped trying to convince high net worth individuals to consolidate their assets with one person, preferring instead to bill themselves as a potential “primary advisor.” In the same vein, very few high net worth individuals have achieved that status over the course of their relationship with an advisor. As such, advisors should concentrate more on attracting high net worth clients rather than manufacturing high net worth for clients. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
November 2019
CategoriesAll Community Outreach Education Finance Jay Zises Science Technology University Yeshiva University |