(MMD Newswire) April 9, 2009 -- United equity ventures, a joint venture between houston based principle equity and austin based the PPA Group, announces its "realty equity fund II."

This fund is designed to mirror high-yield junk bond returns to its investors, through the acquisition of deep discounted multi family "toxic" notes and assets. "I have never seen opportunities to acquire assets as deeply discounted in my 30 years in this industry. We will look back 24 months from now and only wish we acquired more," said Daniel Summers, director of acquistions.

The fund is working with special servicers and institutional sellers that need to clear their balance sheets of these non-perfoming assets and are willing to discount face value by 30-40% or more. "we anticipate our first closing within the next 60 days. These assets are located in Dallas, TX and are being acquuired directly from the lender. Additionally, we are negotiating acquisitions in 7 different states, totaling more than 3,000 units," added summers.

For further information please contact Daniel Summers @ 904-501-7693 Web www.unitedev.com

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