SOURCE: St. John's Capital Group

December 04, 2006 09:09 ET

St. John's Capital Group Adds REIT Expert Vactor Lee as Advisor

SAN JOSE, CA -- (MARKET WIRE) -- December 4, 2006 -- St. John's Capital Group, (www.stjohncapital.com), the premier financier for companies purchasing undervalued assets, announced today that Vactor Lee has joined its board of advisors.

Vactor Lee, the author of the textbook titled "Real Estate Financial Products - Theory & Practice," is an authority on the subject of real estate in Asia. He has lectured on this subject in National Sun Yat-Sen University, Tamkang University, and Taiwan Academy of Banking and Finance which is the premier institute for training bankers. He was previously the Vice President of China Credit Information Service -- the Dun and Bradstreet for bankers and investors in Taiwan -- a company in which he served for over 18 years. Lee is also a licensed appraiser and holds CPA, FRM, and CFA certifications.

"With the recent success of Taiwan's Cathay REIT No. 2 (01007T-TW) going public on Oct 16, 2006 which was over-subscribed by a factor of 4.6, the current low prime rate (currently at 2.25% in Taiwan), combined with the fact that U.S. REITs have outperformed other asset classes in the stock market, it's understandable that there's growing interest from investors of Taiwan and other Asian countries in investing in global REITs and other financial products such as mortgage-backed securities," said Edwin Yeh, CEO of St. John's Capital Group. "We are pleased to be able to tap into Lee's vast resources of knowledge in securitization and REIT formation in Asia to act as a bridge between the maturity and stability of assets in the U.S. market with the low interest-rate environment in Asia."

"It is difficult finding quality properties which beat the market rate. The lack of high yield and secured investment alternatives underscore why a newly formed REIT yielding 3-4% in Taiwan can garner a 4.6 times oversubscription rate. It is very difficult to support early stage companies in scaling and growing to their full potential. It is also extremely rare to find a management team that has this kind of vision, focus on performance and solid fundamentals which at the same time has the flexibility and willingness to partner and share resources. After having seen a sample of over 400 units of residential and commercial real estate properties in several cities during my recent visit to the U.S., I felt that St. John's Capital Group is uniquely positioned for immediate opportunities and provides a compelling value proposition to both U.S. and especially Asian investors in low interest-rate environments such as Taiwan and Japan," said Vactor Lee, advisor of St. John's Capital Group.

Vactor Lee further suggested to St. John's Capital Group to consider aligning with one or two major institutional partners in Asia interested in new financial products such as offering St. John's Capital Group's high-yield stable mortgage income with high performing properties to form Hybrid REITs jointly with potential partners. Additionally, Lee suggested hiring or partnering with operators or attorneys with experience in establishing and running UPREITs (umbrella partnership real estate investment trusts), OTC listings, and/or Securitization in the U.S. as these efforts combined with solid performance will provide investors in Asia with the vehicle for accessing the high quality deal flow of St. John's Capital Group.

About St. John's Capital Group, Inc.

St. John's Capital Group, the premier financier of undervalued assets, provides Silicon Valley styled venture capital to visionary early stage real estate and financing companies. The portfolio companies of St. John's Capital Group typically apply Warren Buffet styled value-oriented approaches to investing. The current asset class investments of St. John's Capital Group include income producing properties and deeply discounted distressed mortgages. St. John's Capital Group was formed in 2006 as the umbrella company of several private capital and financing companies and funds who have been providing its investors and shareholders with high-yield and secured returns since 2000.

Contact Information

  • Media Contact:
    Josh Chen
    St. John's Capital Group
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    408-715-7249 x712