Strategic Investments with Affordable Rents Ensure Long-Term Profit in Competitive Real Estate Market
Summary
The added value and superior level of service allows Pangea to focus on the longevity of their investments, while providing ideal renting options within the established market.Instead of simply capturing the value of a building investment, we strive to provide affordable apartments and stability to our residents to benefit them in the long run.” About Pangea Properties: Pangea Properties is a private real estate investment trust (REIT) targeting the distressed residential multi-family real estate market.The entrepreneurs saw an opportunity in the Chicago market to create a real estate firm that serves as both the property owner and building manager, utilizing a call center to support the high bar for service and scalability.According to Al Goldstein, President of Pangea Properties , a private real estate investment trust (REIT), it’s important to make rents affordable to match the incomes of potential residents, while adding value to the community.“To make a profit investors are continually raising their rent rates without adding additional value to their residents.The entrepreneurs saw an opportunity in the Chicago market to create a real estate firm that serves as both the property owner and building manager, utilizing a call center to support the high bar for service and scalability.