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On March 15, 2010, Lighthouse Realty Fund, L.P. (LHRF) and IRON Properties, LLC signed an agreement whereby IRON Properties will provide up to TEN MILLION dollars ($10,000,000) for the acquisition of real estate projects that would be jointly owned by both parties. All projects will be managed by LHRF. This agreement will pave the way for LHRF investors to reap significant profits as the two parties work together to find and finance real estate projects that can be acquired at significant discounts in the current economy. Two projects have already been identified as potential targets and LHRF COO Bob Sipple is negotiating with the banks and other parties involved in the projects. Expect significant announcements in the weeks and months ahead as more projects are identified and acquired.
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