ENGLEWOOD CLIFFS, N.J. — November 21, 2016 —CNBC today announced the network is expanding its primetime lineup with the new original series "The Deed," debuting Wednesday, March 1, 2017 at 10pm ET/PT. The series features two savvy multi-millionaire real estate moguls—Sidney Torres and Sean Conlon—who, between them, have done over half a billion dollars in property deals. Torres and Conlon come to the aid of struggling property investors in dire need of help. The projects are failing, and the investors are on the brink of financial ruin. Torres and Conlon will use their own money to infuse the projects with cash, and offer their years of expertise to help people faced with losing everything. "The Deed" is produced by Cineflix.
"The Deed" explores a side of real estate that other property shows ignore—an unflinching look at how fortunes are really made in the unpredictable and cutthroat world of real estate flipping and development.
The eight-episode one-hour series will follow Torres in New Orleans and Conlon in Chicago as they throw distressed developers a lifeline by offering them their own cash and expertise in exchange for a piece of the property and a percentage of the profits. Once a deal is struck, they'll stop at nothing to pull these properties out of the red, even if that means firing contractors, rolling up their sleeves and doing the work themselves. With properties ranging from family homes to multi-unit developments, it will take all of their experience to get them back on track. Developers' profits can quickly turn to dust, but with the right partner, lives and fortunes can change with just one deal.
Meet the Hosts:
Self-made multi-millionaire Sidney Torres is a prominent and successful global businessmen and entrepreneur from New Orleans. Sidney has established profitable businesses in everything from luxury hospitality and waste removal, to music management, crime prevention, and real estate. Sidney has developed over 300 million in real estate and business development over his career. He is the founder of IV Capital—a venture capital firm that has invested more than $75 million in Gulf Coast & Caribbean businesses, and is particularly proud of his role in crime prevention in New Orleans. He created an app, The FQ Task Force—described by NBC Nightly News as "the Uber of policing"—which has drastically reduced crime in the New Orleans French Quarter by 45%.
Self-made mogul Sean Conlon is one of America's leading real estate entrepreneurs. After emigrating from his native Ireland, Sean worked as a janitor until he quickly saw that there was an immense opportunity in real estate and established himself as one of the top real estate brokers in the country. Subsequently, he founded and later sold one of the fastest growing, high-tech brokerages in the US while being one of the first local developers to embrace the condominium concept and the resultant revitalization of the city's neighborhoods. In many respects, he epitomizes the American dream, rising from a janitor to one of Chicago's most successful entrepreneurs. Now, the founder of Conlon and Co., a real estate merchant bank, is responsible for handling over $1 billion in sales and acquisitions on an annual basis. Sean is actively involved in philanthropic and civic causes, most prominently he established The Conlon Wildlife Foundation to aid animal rescue worldwide.
"The Deed" is produced for CNBC by Cineflix (Deed) Inc. with Dave Hamilton and Mark Powell as executive producers. Jim Ackerman and Adam Barry are the executive producers for CNBC.