Ypsilanti Apartment Project Recapitalized with Private Equity Investment
Southfield, MI, April 4, 2012: Real Estate Service Solutions Company (RESSCO) – a multifamily property management company – is pleased to announce a new partnership with a local accredited investor. The new equity partner is bullish on the profit potential of multifamily properties. An investment of $1.25M will facilitate a recapitalization of the apartment project and fund updates to make the property more attractive.
The partnership with RESSCO allows the investor to invest directly in multifamily projects while having them professionally managed by an operator with a proven track record. The RESSCO value creation cycle has proven successful in boosting occupancy rates, reducing delinquencies, and ultimately increasing the property’s value.
The partnership allows RESSCO to expand its investor network and grow the number of properties under management. “Investors respect and appreciate what we bring to the table. We bring a proven track record, deal flow and reliable results,” says Shawn Stafford, President of RESSCO.
About RESSCO
Real Estate Service Solutions Company (RESSCO) is a full service commercial real estate company that specializes in urban multifamily properties. RESSCO offers a wide array of services that include property management, construction management, development and private placement investments. Urban real estate has unique challenges and RESSCO’s specialized skill set allows it to deliver a level of expertise that is unsurpassed in the industry.
RESSCO works with private investors, institutional investors, lending institutions, REO managers, municipalities, officers of the court, and property owners.
RESSCO’s management team has more than 50 years of combined experience involving multi-million dollar real estate transactions, equity investments and development/construction projects.
For more information, visit www.ressco.com.
RESSCO
Real Estate Service Solutions Company
(248) 440-1888
26711 Northwestern Hwy, Suite 175
Southfield, MI 48033