Neighborhood Revitalization Group

The Neighborhood Revitalization Group is comprised of seasoned professionals in commercial real estate who have strong understandings of the economic and infrastructure problems faced by many working-class communities in the country. Our principals all share a common goal of trying to bring vitality and economic growth to such urban areas. It was this common goal that brought them together to begin the Neighborhood Revitalization Group.

The team of the Neighborhood Revitalization Group has worked together in various capacities on more than 300 commercial real estate development projects throughout the U.S. We've been engaged in all aspects of real estate development including project consulting, tenant procurement, site selection, site planning, demolition and reconstruction, property management, project financing, and development. NRG often collaborates with local, reputable developers who share our commitment and have strong pride in the resulting end product.

Charlotte, NC (January 30, 2009) - Neighborhood Revitalization Group (NRG) recently completed the acquisition of the 77,000 square foot Four Seasons Plaza in Charlotte. The property is located on Albemarle Road, one of the city's busiest transit corridors. The Four Seasons neighborhood continues to see a rapid increase in the number of Hispanics with forecasted growth of more than 25% over the next five years. The property is anchored by value-oriented tenants like Save-A-Lot, Bargain Hunters and Family Dollar that are well positioned to withstand current economic conditions.

This is NRG's second large-scale project in Charlotte, following the purchase of the 80,000 square foot North Pointe Plaza located on North Tryon Street. "We continue with our mission to revitalize areas that are in need of renewal," said James Sharples, the company's President."The acquisition of Four Seasons Plaza allows us to attract new businesses to this region, thus injecting new life to this growing community. We would like to acknowledge the involvement of several important community partners that have been vital to this transaction. We are particularly grateful to Self Help Credit Union for their heartfelt commitment to this high-impact project and to the U.S. Treasury's CDFI Fund for facilitating investment capital to spur economic activity in this low income community. We would also like to thank the City of Charlotte's Economic Development Office for their continuous support and genuine desire to help us revitalize the Albemarle Road business corridor," he added.

In response, John Shanley, Director of Commercial Development for Self Help Credit Union commented: "Self Help is pleased to have provided this acquisition financing to NRG. Self Help supports neighborhood revitalization through home and small business loans, New Markets Tax Credit loans, developing new and renovating homes and commercial properties."

Bergerac Investments was actively involved in raising awareness of the Four Seasons Plaza project among Hispanic-oriented investors. José Riera, Managing Director, stated: "We are deeply grateful to our investors for believing in Four Seasons, especially family members, close friends and members of the Wharton community. They demonstrated an unwavering commitment to NRG's grass roots mission and business model -- making a most powerful statement during these challenging economic times."

Neighborhood Revitalization Group (www.nrgbuilds.com) is an affiliate of Bergerac Investments (www.bergeracinvestments.com), a private firm that assists Hispanic entrepreneurs in the mainland United States.