LOS ANGELES, Aug. 3, 2016 /PRNewswire/ -- Elite Invest, LLC (www.eliteinvest.com), a leader in the purchase, restoration and rental of multi-family dwellings in Chicago, announced the commencement of operations in California.
Elite Invest specializes in purchasing and rehabilitating smaller, 2-4 unit properties, which the company manages either for its own portfolio, or on behalf of business partners and investors. The company is well-regarded by all stakeholders, because it offers research-backed real-estate investment opportunities, while stimulating the local economy by providing construction and tradesmen jobs, and supplying lower income families and individuals with better housing and a higher quality of life.
After the company identifies a property for purchase, it is fully rehabilitated with updated fixtures, appliances and living spaces, making them the nicest rental units available in their neighborhood and price range.
This is not "gentrification." It is providing affordable housing, with quality construction and materials, to provide a beautiful home at competitive neighborhood rates. Accordingly, there is usually a long waiting list to rent an Elite Invest rehabilitated home.
The company has identified Inglewood and the surrounding area as a prime target for neighborhood rehabilitation. The company plans on an initial $10 million investment pool, with plans to raise up to $50 million within 3-years.
"We are very excited to begin work in the Southern California market," said Alex Al-Sabah, Co-Founder of Elite Invest. "We are experts in neighborhood rehabilitation, and believe that renters, investors, and city leaders appreciate our skill in interior modernization, which creates first-class living environments at neighborhood-appropriate rental rates."
Inglewood is one of the more reasonably priced areas of Los Angeles, and with the development of the new Los Angeles Rams Stadium, its proximity to LAX Airport, and easy access to downtown as well as the Pacific Coast, the city provides wonderful opportunities for living, recreation and investment.
"We are strong believers in the potential of Inglewood, and having been a prior resident of Southern California, I have a keen sense of the market and the opportunities that exist in select areas of Los Angeles County," Al-Sabah Commented. "I am personally excited to bring Elite's investing philosophy and vision to the Southern California Market. We understand the city's heritage, have respect for its history, and look forward to being a vital part of its future."
For more information on Elite Invest, or for an investor packet, please call 312-690-7711, or visit: www.eliteinvest.com
About Elite Invest:
Elite Invest rehabilitates and revitalizes urban neighborhoods. The company brings investment dollars into select communities and purchases distressed assets, then rehabilitates, rents and manages the property. In the process, the company improves many lives by creating commerce and jobs, while increasing the standard of living for communities by providing fresh and innovatively designed homes.
The company also provides turn-key passive real estate investment opportunities for qualified investors worldwide, who want to capitalize on the immense growth potential in the Chicago and Southern California markets.
Elite Invest, LLC currently manages over 400 buildings, with more than 1,000 apartments and over $100M of residential real estate assets in its portfolio.
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SOURCE Elite Invest