Mountain Top Properties (OTC: MTPP), a diversified real estate holding company focused on acquiring, marketing and operating assets through its wholly owned affiliates, has sought to capitalize on the evergreen popularity of the Hamptons, which has come to be renowned for its property market’s relative immunity to cyclical trends elsewhere in the nation. “Group subsidiary, Mountain Top Realty Inc. has sought to gain share within the Hampton’s real-estate market through the provision of finished, turnkey properties – a marked contrast to the Hampton’s historical affinity for one-off, customized home sales. Through its Mountain Top Capital Fund I, Mountain Top Realty has sought to raise $75 million to acquire, build, renovate, and remarket homes in the Hamptons; thus far, the fund has already received debt capital commitments amounting to 70% of its anticipated real estate acquisition costs as well as a further 100% of the planned construction costs – and will look to deploy $10 million soon to leverage strategic waterfront opportunities within the exclusive enclave,” a recent article reads. “More critically, Mountain Top Realty has entered partnership with On Site Builder Construction, who will spearhead the design and construction aspects of the ambitious project… Targeting a minimum ROI of 20 to 30% per transaction, Mountain Top Properties eventually anticipates translating its experience and expertise within the Hamptons’ competitive property market to other high-end real estate markets through future dedicated funds.”
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About Mountain Top Properties Inc.
Mountain Top Properties is a diversified real estate holding company that acquires, sells and operates assets through its wholly owned subsidiaries and limited partnerships. The company specializes in property management, property technology (“PropTech”) and real estate redevelopment. Mountain Top Properties was incorporated in 1990 and is based in Liverpool, New York, with offices in Sag Harbor, New York. For more information, visit the company’s website at www.Mountain-Top-Properties.com.
NOTE TO INVESTORS: The latest news and updates relating to MTPP are available in the company’s newsroom at https://ibn.fm/MTPP
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