Chad Doty
Richmond, VA (USA)
Role(s):
Founder/Owner/Principal
37th Parallel Properties
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Startup
Location:
Richmond
Industry:
Real Estate
Year Founded:
2007
Number Employees:
1-10 people
Description:
37th Parallel Properties is a regionally focused real-estate investment firm that invests in cash-flow producing real-estate, primarily residential and multi-family apartments, in stable and growing markets in the United States. We focus in areas with positive job and population growth that have statistically very low risk of depreciation with stable rents and renter population. Our goal is to provide portfolios of hassle-free cash-flow investments to accredited and sophisticated investors.
We are profitable and in growth mode and actively opening more markets this year and continuing with acquisition and investment plans into 2009. The principals currently manage over 45 million in assets and are targeted to acquire an additional 2 million in residential income property and 650+ apartment units in 2009. 2008 Gross Revenue is on target for 2.3 million with a 2009 forecast of 8 million.
We are actively seeking debt and equity investors seeking stable tax-advantaged returns between 15% to 20% via long-term debt or cash-flow and equity growth in multi-family apartment projects.
Our family of investors can attest to our Accountability and Focus on Results.