Investing in Cleveland

Cleveland Area

Cleveland is located in northeast Ohio along the southern shore of Lake Erie. It’s known for its diverse communities that include downtown urban living, quiet and convenient suburbs and rural areas that are located within 40 minutes of downtown. Cleveland’s economy has a global presence, and is home to organizations and companies that include The Cleveland Clinic, Parker Hannifin, Eaton Corporation, Diebold, Sherwin-Williams Company and American Greetings. These large corporations along with a growing manufacturing base produce a gross metropolitan product of $105 billion. There are more than 150 international companies from 25 different countries.

The Investment Opportunity in Cleveland

Cleveland is experiencing a surge of growth. Numerous downtown neighborhoods are being re-developed, attracting both millennials and empty nesters. Forbes recently included Cleveland among the 15 U.S. cities with emerging downtowns. The Huffington Post reported that between 2011 and 2022, there will be 150,000 new jobs in Cleveland. This activity extends into the suburbs as well, where real estate activity has experienced an uptick in the last few years.

Investment in Cleveland is ideal for a number of reasons

  • Cleveland is the most undervalued housing market in the U.S. according to Moody’s Analytics.
  • Fortune Magazine has called Cleveland a “new Brooklyn,” comparing three of the trendiest neighborhoods to Williamsburg.
  • Cleveland consistently ranks in the top 5 on the NAHB Housing Affordability Index for cities over 1 million in population.
  • Entrepreneur magazine recently ranked northeast Ohio as one of the hottest entrepreneurial regions in the country.
  • The Economist listed Cleveland as the 26th most livable city in the world.
  • The median home price in 2011 was $98,295. The median gross rent in 2012 was $653 per month.

Our Approach to Property Acquisition, Development and Management

The investment opportunities in and around Cleveland are diverse. We are in every market, from low to high, and have experience with every neighborhood throughout the Cleveland area. We understand the benefits and risks involved with each particular investment. Our hyper-local approach translates into a smarter investment opportunity for each client.

Educate

Every investment opportunity starts with the property, and more specifically our ability to identify the best properties. We educate the client on the pros and cons of each potential investment, and we develop an understanding of our clients’ goals so that they can be achieved.

Invest

We have a vested interest in making sure that the purchase is a good one because we will be renovating, leasing and managing the property long after many other investment companies have left the picture.

Manage & Market

Our team of renovation experts carefully manages the process of preparing a property for sale or lease. Communication is the cornerstone of our management process, ensuring the investor understands exactly what is happening with the investment.

Sell

When it’s time to pursue other investment opportunities, we can assist with the sale of the property at a profit at the appropriate time.
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