US REOF announced its launch into the industry as a new private equity real estate company focused on the acquisition, rehabbing, leasing and selling of single-family homes in Texas and select cities in the Midwest.
Merrill Kaliser is the CEO of US REOF, which is located in Dallas. However, the company will have a satellite office in Houston.
Merrill and his team developed proprietary software, six sigma enhanced processes and procedures for the company in order to efficiently target, acquire, rehab and lease assets.
Kaliser started his professional career as a corporate restructuring and bankruptcy attorney at Gardere. He is also a licensed attorney in Texas and Missouri and just completed a two-and-a-half year partnership with Building and Land Technology to acquire, buy, lease and sell almost 950 single family homes in Texas.
The company was created to acquire distressed and/or opportunistic single-family residential properties for the purposes of rehabbing, leasing, property managing and/or selling the assets.
To start, US REOF will target the Dallas/Ft. Worth and Houston metropolitan areas, with possible secondary markets of Indianapolis, Kansas City and St. Louis.