Omega Real Estate Investments
Omega Real Estate Investments is an international American company that has been operating for about ten years in the United States in general and Detroit in particular.
The company's activities focus on yielding assets from day one, type SFH and MLF, the improvement of existing assets including residential buildings and complexes.
The company has been a leader in the real estate market in Detroit and its surroundings for many years, with extensive experience and knowledge, and adopts a unique model for its customers and investors.
The company's philosophy is to produce the best conditions for its clients in overseas real estate investments, while strictly maintaining their capital invested in assets, and creating maximum profits. The company advocates examining the risks on itself before offering them to its customers. All assets are purchased by the company and undergo a process of improvement. In every project that the company initiates and manages, it makes sure to invest from its private capital.
The company is careful to manage the assets by a dedicated asset management company, which has the reputation, experience and ability to service the hundreds of assets managed in Detroit.
Principles of investment
1. Properties in high demand for rent (we know where the right locations are)
2. Assets must be on high-occupancy streets (each street is inspected and populated)
3. Properties on streets that do not have abandoned or burnt houses (field inspections verify this)
4. The properties are intended for future capital gain (populated streets and neighborhoods guarantee future value increase)
5. Collaboration with DHC, a SECTION 8 agency that provides eligible tenants who pay their rent
6. Collaboration with COTS, a social organization that provides eligible tenants who pay the rent for them
7. Reducing risks by choosing the right professionals at each and every stage of the investment
8. Work for many years with a long-standing and reliable management company, under close supervision and control and with Israeli staff
Detroit - The metropolitan city of Michigan
Detroit - the third richest city in the world! (According to The Marker, an article from October 7.10.2017, XNUMX)
Detroit was founded in 1701 by the French merchant and explorer Antoine de la Mothe Cadillac; He gave it the name Ville d'Etroit, in French: "City of Straits"; Over the years the name became Detroit. Between 1805 and 1847, Detroit served as the state capital of Michigan.
The city evolved during the 20 century around the automotive industry, and in the glamorous days of this industry, during the 50 years, 2 numbered one million and was the fifth largest city in the United States.
The Benefits of Detroit - The Great Comeback!
The city of Detroit is a bridge across commodities and trade with Canada: Last year, $ 157 billion worth of goods passed between the city of Detroit and Windsor Canada.
Massive investments: More than $ 4.04 billion is currently being invested in the city in various projects, including the Red Wings Arena project, the construction of the second bridge to Canada, huge investments in many neighborhoods and small businesses.
The auto industries are thriving again: The three auto companies in Detroit, General Motors, Ford and Carzlair reported high profits in 2013. Dodge is moving its plants to Detroit by the end of 2016. Shanghai Industries is also moving to Detroit.
500 Rich Companies: 19 companies on the list of the 500 richest companies in the United States have moved their headquarters to the city of Detroit.
The value of the houses is lower by a considerable percentage compared to the peak: properties in the city can be purchased at prices that are 60.74% less than their price during the peak period, a matter that attracts many investors to the city.
Sharp rise in property prices: Last year there was a 33.75% rise in property prices and reached average prices of $ 107,000, but this figure is still far from the peak prices of $ 172,000 in 2005.
Rise in Rental Prices: Detroit is the No. 1 of the other 20 U.S. markets in terms of yield. When prices are expected to rise in 2016 to a further increase of 14.6%.
According to RealtyTrac, New York, Los Angeles and Philadelphia are still at the top of the most invested cities (mostly foreign investments), but the attractive Detroit has jumped to fourth place.
Decrease in the number of properties for sale: In fact, there was a decrease of 64.96% in the number of properties for sale in the city.
Demand for property has increased: Over the past two years, the population in and around the city has increased by 7,088 and more, 146,420
New jobs were added to the job market in 2014. The Faculty of Economics at the University of Michigan expects another 130,000 new jobs to be added by the end of 2015.
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