In 2009 and 2010 a team was formed and committed to this effort employing dozens of licensed contractors and sub-contractors to facilitate SARTRE’s goals. At time of inception approximately 10% of SARTRE’s resources were deployed towards this opportunity.
This effort was initiated as a short-term buy and sell strategy. As the rental market strengthened throughout 2010, SARTRE has applied its attention toward longer term investments focusing on multi-family and student housing income opportunities.
We continue to explore possibilities surrounding income producing real estate in Cuyahoga County, as we have formed strong relationships with municipal development interests. Cleveland is a “diamond in the rough” for SARTRE, and good opportunities are still available in this region.