SOURCE: LA REIT

LA REIT

August 07, 2009 13:30 ET

LA REIT, INC. Executes Engagement Letter With AJ. Robbins PC, Certified Public Accountants, and Commences Audit

BEVERLY HILLS, CA--(Marketwire - August 7, 2009) - Beverly Hills, CA.-based LA REIT, INC., www.lareit.com, is pleased to announce the engagement of AJ. Robbins PC, www.ajrobbins.com, Certified Public Accountants. The "Engagement letter" confirms the understanding of audit services to be provided to LA REIT, INC. (company) for the year ended July 31, 2010 and will audit the balance sheet of the company as of July 31st, 2009 and the related statements of operations, stockholders equity and comprehensive income, and cash flow for the period then ended.

About LA REIT, INC.

LA REIT, INC., www.lareit.com, is based in Beverly Hills, CA., and incorporated under Maryland law in May 2009 for the purpose of investing in and managing multi-tenant residential properties located in highly desired and densely populated Los Angeles, CA metropolitan area. LA REIT acquisition strategy begins with location; we seek properties in central urban Los Angeles areas where there is high population growth, job growth and demand for rental housing as an alternative to high priced single family homes. We target neighborhoods with specific demographic characteristics beginning with property potential that attracts young professional, artistic/creative individuals. We further our due-diligence by ensuring that the target property has plenty of assigned parking, spacious living area, high elevation, a desirable location. We put all emphasis to provide our new tenants with safety features, high quality modern stainless steel appliances, hardwood floors, multi-tone paint, remodeled and tiled kitchen and bathroom, dual pane windows, and fresh outside paint. We market our properties on the internet.

About AJ. Robbins PC

AJ. Robbins PC, www.ajrobbins.com. Founded in 1986, AJ. Robbins PC is registered with the Public Company Accounting Oversight Board (PCAOB) and is a member of the Private Companies Sections of the American Institute of Certified Public Accountants (www.aicpa.org/index.htm). The firm is also a member of Polaris International, one of the largest and strongest international affiliations of accounting firms in the world, consisting of over 200 firms in 90 countries.

FORWARD-LOOKING STATEMENTS

LA REIT, INC. expectation of results and other forward-looking statements contained in this correspondence involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from those expected are the following: business conditions and general economic conditions; competitive factors, such as pricing and marketing efforts; and the pace and success of product research and development. These and other factors may cause expectations to differ.

Contact Information

  • Contact:
    Tim Maher
    Acting CFO
    LA REIT, INC.
    P: 424-354-4951 ext4
    Email: Email Contact