SBQ Holdings Tenders Contract to Acquire Initial Real Estate Asset
Miramar Beach, Florida, June 26, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- MasterBeat Corporation (OTC: MSTO), a company specializing in hard, tangible asset acquisitions with an intense focus on real estate, precious metals and other tangible assets, unveils its asset operations subsidiary, SBQ Holdings, LLC (SBQ). SBQ will initially focus on the acquisition and development of income generating real estate assets, but it will also take positions in additional hard assets, such as precious metals. Additionally, SBQ has identified and tendered a contract to acquire its first income generating real estate asset in Florida.
SBQ Holdings, LLC is targeting multiple strategic market locations for potential real estate acquisitions, including, but not limited to, Florida Panhandle, South Florida, Atlanta, GA and Austin, TX. The initial targeted assets are income generating, profitable and self-sustainable, while also delivering asset appreciation. SBQ has identified and expects to close on its initial asset, which meets all the parameters, within thirty days.
The secondary element of SBQ’s model will include assets requiring renovations but can be acquired at discounts to market value. SBQ will leverage its broad range of experience and relationships in the renovation and construction business, including those of incoming consultants and partners, to significantly increase the value of these assets.
The tertiary element of SBQ’s model will add the acquisition of multi-family and commercial real estate assets. These types of assets help to mitigate seasonality and provide consistent, sustainable revenue and income streams, in addition to asset appreciation. The diversification of these elements in SBQ’s business model, and asset portfolio, delivers comfortability and demonstrates strength for its shareholders and traditional lenders and investors.
SBQ’s first acquisition is being completed utilizing traditional bank financing. The initial asset in Florida, combined with the above model and SBQ’s existing relationships, will allow SBQ to acquire most or all real estate assets through traditional credit facilities: mortgage backed and equity lines. This financing model allows shareholder value to grow quickly rather than being outrageously diluted.
“There are extraordinary opportunities in the real estate market throughout the United States. With our targeted but structured SBQ model utilizing traditional bank financing methods, we will quickly grow our company, shareholder value and name recognition,” stated Mr. Tannariello, Masterbeat’s CEO. “We will soon be unveiling our new property in Florida. Additionally, we are bringing on a well-rounded and hugely experienced team of real estate and construction professionals to assist us in executing our SBQ model. Our combined expertise, vision and traditional bank financing will create rapid growth and value to our shareholders.”
About Masterbeat Corp.
MasterBeat Corporation (OTC: MSTO), incorporated under the laws of Delaware, is a publicly traded company specializing in hard, tangible asset acquisitions with an intense focus on real estate, precious metals and other tangible assets. The company believes its progressive approach to an old school model, especially in this market based on fragile earnings multiples and uncertainty, to acquire hard, tangible assets will not only offer long term capital appreciation but also deliver revenues, profits and self-sustainability.
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