Everything You Need to Know About NRIA

The real estate market has grown considerably in the last few years and this has led to the construction of high-rise apartments, office buildings, suburban communities, public spaces, and more.

One of the players who has been having a successful stint in the American real estate market is the National Realty Investment Advisors (NRIA). In this article, let’s get a brief understanding of who NRIA is, so you can decide if you must invest in this company.

Who is the NRIA?

The NRIA is a real estate investment, management, and development firm with an extensive repertoire of constructed buildings and pipeline projects that include luxury condos, single-family homes, and mixed-use rental developments. 

One of the latest projects of NRIA is The Grand, a 156-unit multi-family building that will be constructed in Western New York. Its sister building called The Metro will be located on 52nd Street, and both buildings will rise to 14 floors. 

Now that you know a bit about NRIA, let’s see if you should invest with them.

Should You Invest in NRIA?

The NRIA specializes in the luxury real estate market, which is a fairly constant and even upward-ticking market. It moves on a different plane when compared to the regular real estate market because the number of rich people who want to invest in a luxury home is constantly going up.

To give you an idea, the luxury home prices in the New Brunswick area in New Jersey have risen by 17.6% in the last few years. Also, it took 254 days to sell a luxury home in 2014, and this has reduced to 190 days in 2017. These numbers clearly show the rising market for luxury homes, and NRIA has the experience and knowledge to navigate through this market and provide what these homeowners would need.

Due to these reasons, NRIA is a potential place for investment.

Controversies

No company is devoid of controversies, and NRIA has also had its share of them. There have been civil lawsuits filed against the company. In particular, there has been an SEC probe after information about its deals and transactions by a whistleblower. However, there has been no impact whatsoever in the operations of NRIA or its investments, which goes to show that this company is rock solid in its offering. 

From an investor’s standpoint, this is good news. To back it up, NRIA has completed many residential and commercial buildings and is working on more projects currently, with The Grand and The Metro expected to be completed by Summer 2023.

Final Thoughts

To conclude, NRIA is a good place to park your money, especially if you’re looking for a share in the luxury real estate market. This company has the experience and knowledge to handle its current and upcoming projects and has many assets worth millions of dollars, not to mention its reputation.

Though it has been mired in controversies, they don’t seem likely to affect the company now or anytime in the future, but staying on top of the associated probes and lawsuits would be a good idea.