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37th Parallel Properties

37th Parallel Properties in Richmond, VA
1801 Bayberry Court # 203, Richmond, VA 23226
(888) 837-3720

Contacts

Street address:
1801 Bayberry Court # 203

City / suburb:
Richmond

County:
Richmond City

State:
Virginia

ZIP code:
23226

Phone:
(888) 837-3720 (Phone)

Social networks:

GPS Longitude:
-77.5323638916016

GPS Latitude:
37.6078262329102

Business description

37th Parallel Properties' Innovative Investment Process

For the better part of a decade, 37th Parallel Properties has worked closely with clients, helping them secure stable cash flows and achieve their financial goals. The firm focuses primarily on real estate investments in the commercial multifamily apartments sector, which offers some of the most stable, evergreen assets in real estate. To accomplish its mission of maximizing value and equity growth potential for clients, 37th Parallel Properties adheres to a four-stage investment process designed to promote dependable returns and principal safety. At 37th Parallel Properties, the first stage of the investment process involves market and location suitability. The firm begins by evaluating stable markets across the United States and identifying those with the highest potential for long-term performance. After finding a suitable market, the firm uses tools such as debt financing and investor equity to acquire apartment assets with anywhere from 100 to 300 units. Stage three of the investment process typically involves a hold period of four to seven years between liquidity events, during which time the firm improves its assets by decreasing expenses, increasing gross income, driving occupancy, and improving property grade. 37th Parallel aims to provide stable quarterly yields and annual equity growth, and it will refinance assets to free up equity. As a result, investors experience significantly improved cash flows over a period of seven to 15 years. While 37th Parallel reviews hundreds of properties every year, only a handful pass its strict safety and equity growth targets. To learn more, visit the official website at 37parallel.com.

General information

Business data
Annual sales estimate: 0
City / suburb: Richmond, VA
County: Richmond City
Products

real estate services

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More details about this business

According to our records, this business is located at 1801 Bayberry Court # 203 in Richmond (in Richmond City County), Virginia 23226, the location GPS coordinates are: 37.6078262329102 (latitude), -77.5323638916016 (longitude). 37th Parallel Properties is categorized under Operators of Nonresidential Buildings. Current estimates show that the unit has a sales volume of $$1 to 2.5 million. You can contact the company by phone at (888) 837-3720.
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