The investors participating in the first funding round include, among others, several successful entrepreneurs, such as Dan Sucu (Mobexpert owner), Marius Hanganu (co-founder of Tremend Software – one of the most dynamic local IT companies, acquired by Publicis), Iosif Szavuj (founder of telecommunications operator Ines Group), Silvana Berciu (founder within the group of companies that includes BDG Import and Loft, brands equivalent to luxury and exclusivity on the Romanian hospitality market), Ahmet Buyukhanli (the developer of residential project Cosmopolis) and Cristian Becheanu (founder of Art pharmacy chain, acquired by Dr Max).
Encore Capital Trust will capitalize on investment opportunities in the local real estate market and its main objective is a plus 20% annual return for its shareholders. ECT’s investment policy will focus on six business lines, based on which the company will bring above average returns to its shareholders and investors.
The main lines of activities will be the acquisition of residential units in projects in early development stages, at a preferential price, mezzanine investments, which involve capital participation in the development of a project and the capitalization of the completed product, the acquisition of real estate assets in order to obtain a monthly return and iBuyer acquisitions on the secondary residential market.
Encore Capital Trust was founded and is managed by a series of entrepreneurs and managers with a vast experience on the local real estate market and business environment.