Affinity Media Services (AMS), a division of real estate investment market leader Affinity Enterprises Group (AEG), announced Friday that it has entered into an asset purchase agreement with NEXZUS Publishing Group, the publisher of Personal Real Estate Investor Magazine, PREI Investor Review Series and The Invaluable Investor Study; and promoter of industry-leading Investor Provider Leadership Summits, to acquire all titles and related assets addressing the real estate investment market.
“This transaction makes AMS the leading publisher to the small- to medium-sized landlord and individual real estate investor market,” said Michael Wrenn, CEO of Affinity Enterprise Group. “This now means we are reaching a significant majority of the residential real estate investors nationwide.”
Following a transformative 2014 for AEG, in which the enterprise experienced substantial growth in its core insurance business, formed a media company that launched Community Investor magazine and expanded Community Buyers Group, Professional Real Estate Investors and Management Alliance (PREIMA) and the American Association of Private Lenders, Wrenn said he realized there were significant opportunities to serve the market further. “Acquiring Personal Real Estate Investor Magazine gives us further access to national newsstands and a paid subscriber base outside of traditional real estate investment groups,” Wrenn said.
Andrew Waite, NEXZUS publisher and president, said the deal offers strategic possibilities. “NEXZUS Publishing Group helped initiate a technology to help renovation processes,” said Waite. “These have been so successful at improving investment processes we have discovered another major market ripe for development that is the next generation of content publishing and media. We are excited about working with Mike Wrenn and intend to maintain a strategic relationship with him and Affinity Media Services.”
Affinity Enterprise Group enters 2015 poised for additional growth and expansion. Consistent with AEG’s goal to accelerate growth, the acquisition of Personal Real Estate Investor Magazine will bolster AEG’s services and solutions and increase revenue from a customer base that includes leading companies focused on serving real estate investors.
About Affinity Enterprise Group
Affinity Enterprise Group is a constellation of companies housed under one aggregate brand to empower and support entrepreneurs and professionals in the residential real estate industry. The enterprise drives innovation by (1) providing the best services, education and resources to help entrepreneurs succeed and (2) strengthening neighborhoods and improving the lives of those living in them.
Among the AEG companies are National Real Estate Insurance Group, Affinity Group Management, Wrenn Insurance, American Association of Private Lenders, Professional Real Estate Investors and Management Alliance, Community Buying Group, Affinity Media Services and various others devoted to elevating and strengthening the residential real estate industry.
About Personal Real Estate Investor Magazine
Personal Real Estate Investor Magazine was launched in 2003. Founded by NEXZUS Publishing Group, Andrew Waite and an able staff, PREI has been on newsstands without interruption since. It has become the leading paid magazine for individual, small-, medium- and large-cap real estate investors. During the last four years, NEXZUS Publishing Group identified mobile and portal technologies that could improve investment processes such as acquisition, renovation and rent-up. These systems serve major Fortune 50 companies, franchisees like HomeVestors of America and other investment companies. These systems are already enabling hundreds of thousands of dollars of transactions to occur daily with far greater speed and efficiency as well as insight and management. www.PersonalRealEstateInvestorMag.com
Contact:
Kelly Scanlon
President
Affinity Media Services
kscanlon@affinitymediaservices.com
(816) 398-4120
7509 NW Tiffany Springs #200
Kansas City, MO 64153
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