American Security Resources Corp. Signs Estate Agent Agreement
HOUSTON, TX / ACCESSWIRE / December 14, 2015 / American Security Resources Corp. ("ARSC") ("the Company") (OTC PINK: ARSC) has signed an Estate Agent Agreement to market property in the Dominican Republic.
"We're issuing a series of Convertible Preferred Shares, pegged at $5 US with a 5% cumulative dividend," states Frank Neukomm, CEO of ARSC. "The funds from the placement of the Preferred will be used to acquire income producing properties. We examined a number of great opportunities and have decided on the Dominican Republic, and specifically in the development known as Casa Linda, for our first acquisitions. After acquisition, all net proceeds from these properties will be dedicated to the $5 Preferred."
Casa Linda is a villa community on the north coast of the Dominican Republic in Cabarete, Puerto Plata. Begun almost 20 years ago and with over 200 existing villas, Casa Linda sets the standard for foreign-owned property management, combining all the amenities of North American and European housing with a Caribbean lifestyle. This gated community served by more than 150 hand-picked staff is consistently top rated on Trip Advisor, noted for it's excellent quality construction standards, outsanding service and tranquil atmosphere.
"We are pleased to announce our partnership with Casa Linda," states Neukomm, "We looked very closely at a variety of locales and properties before settling on Casa Linda. The Board is very confident that this is the right acquisition, at the right time, in the right community."
Onsite property management will oversee day-to-day operations and both protect and service the investment.
"It's truly a wonderful, exotic slice of Mother Nature," says Neukomm. "Minutes away from several breathtaking beaches, but also very close to outstanding restauraunts, shopping and endless activities. The Villas themselves are top notch; first class all the way. Every comfort is made available to the guests and residents. There are grills next to the pools that one can swim in year round, while enjoying the safety and beauty of a private, gated community, staffed by unobtrusive, professional care takers. It's an amazing place and now is the time to buy into it."
in 2016, several new developments are slated for completion at Casa Linda, including an onsite restaurant, tennis courts, a spa, a small store, a childrens' playground and more.
"We are pleased to have signed an Estate Agent Agreement with Casa Linda to market the properties worldwide," says Neukomm. "Income from these activities will further boost equity margins for ARSC."