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$15M bond for Wilmington stock exchange OK’d

Many of our investments are in the greater Wilmington Delaware area. We like this area for many reasons: we have a great property manager there (Pabian Properties), we have a fantastic real estate consultant (Location Realty Advisors), and we feel like there is great value in the deal sizes we are looking at - mainly the $1,000,000 to $5,000,000 properties.

The other reason is because the area is growing, it is home to many financial and legal professionals, it has a great quality of life, and its location between Philly and Washington is a draw for all kinds of businesses.

We are not the only ones attracted to Delaware:

The head of a startup company preparing to create a stock exchange headquartered in Wilmington said the project will be the first of its kind in the United States and will capitalize on an emerging corner of the financial market. The New Castle County Council on Tuesday approved backing a $15 million revenue bond for the venture. ...

The planning document said they were drawn to Delaware because it is the legal home to numerous companies. Sixty-four percent of Fortune 500 companies are headquartered in the state, attracted by low taxes; flexible business laws; and the Court of the Chancery, which deals specifically with business issues.

Full article here:

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Prudent Growth Partners, LLC  (2017)    1829 E. Franklin St, Suite 800-F, Chapel Hill, NC 27514  (919) 590-4119