Raymond Brunner
Baltimore, MD (USA)
Role(s):
Founder/Owner/Principal
RB Properties & Services
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Startup
Location:
Baltimore
Industry:
Real Estate
Year Founded:
2004
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
Based in Baltimore, Maryland, RB Properties & Services (‘RBPS or ‘the Company’) is a private real estate development company that plans to purchase, rent, and manage multi-family housing units that attract a specific market segment of middle-income earners. The Company will investigate investment opportunities throughout the Nation. By leveraging industry expertise and performing efficient property acquisition, RB Properties & Services will operate and obtain a substantial market share in other emerging real estate markets.
The market for multi-family housing units presents a favorable climate from which to expand RB Properties & Services into a nationwide property investment plan. During the next five years, 2.3 million additional rental homes are expected to be constructed in the U.S. With record-breaking foreclosures in the U.S. and millions of families seeking lower cost, transitional residences, the Company proposes its multi-family home investment plan at an opportune time. RBPS will target individuals ages 18 to 34 with incomes of $35,000 and less. More than 22% of Americans are ages 18 to 34, and per capita income is $27,916. The Company will operate in the $31.3 billion dollar “Apartment Building Operators” industry in which average businesses earn $4.0 million annually. RB Properties & service’s main competitors include other multi-family investment companies such as Colliers Pinkard, Manekin, and CB Richard Ellis.