Pangea Properties Rebuilds Baltimore Communities: Real Estate Investment Trust Takes on Local Buildings
Summary
Pangea effectively transforms its apartment buildings through drastic restorations and adds value through amenities and services not traditionally available at their affordable price point, including but not limited to: modern appliances, on-site laundry and industry leading resident benefits.“Our goal is to make Pangea Properties the best possible places to live in Baltimore, and in our view that encompasses all aspects of community life—quality affordable housing, safe neighborhoods, and enthusiastic and involved residents,” continues Goldstein.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.The company is unique among real estate managers for its hyper-local focus on restoration, employment and community-building in the areas where it buys units.Founder Al Goldstein explains that the Pangea model creates sustainable improvements in the neighborhoods they enter.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.