Voobon Ventures Considers Partnership with ADC

May 20, 2009 - PRLog -- Voobon Ventures President and Managing Director, Mark Shariar and CEO and founder of Allegiance Development Companies, Inc. (ADC), Charles D. Ames have begun negotiations for a real estate development partnership.

ADC is a leading full-service developer with wide ranging expertise in the residential, commercial, and retail industries.  ADC prides itself on creating opportunities and delivering results.  Mr. Ames has developed over $1 billion in real estate throughout his career and has built a reputation for quality, innovation, and attention to detail.  Unwilling to accept sole credit, Mr. Ames holds firm that collaboration with the team is key.  Striving for excellence in all things big and small, ADC is firmly positioned to seize new opportunities now and in the future. The current ADC model anticipates development of four to five multi-family development projects per year and one to two retail projects per year. A typical multi-family development will comport with one of the following two models:  conventional multi- family development, and high density urban infill development.

"At this point, we have expressed an interest in investing in ADC because of their tenure and results in the real estate development industry.” said Mark Shariar, President and Managing Director of Voobon Ventures. “Our success is dependent on that fact that we follow a specific criterion when investing in projects to ensure a secure investment and a high return.  A full assessment of the market, primary trade area, and competition is completed prior to the acquisition of land for new projects.  Once this determination has been made, a full assessment of the existing product in the market is undertaken and goals and objectives for the development are established.”

About Voobon Ventures, Inc.

Voobon Ventures, Inc. headquartered in Atlanta, Georgia with offices in New York City, Chicago, Las Vegas, Las Angeles and London is a closely held venture capital firm, with managed funds under $5 billion. Under the direction of its President and Managing Director, Mark Shariar, its investment clients have selected Voobon Ventures based upon consistent sound returns in a tough economy and the privacy offered through the fund. Voobon is actively engaged in both short and long term investments with its long term primarily focused on leading edge companies in the communications, entertainment, technology, medical technology, real estate, manufacturing, mining and energy industries. Additional information is available at www.voobonventures.com.

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