Thursday, October 7, 2021

Investors putting big money into Glenville

This pair of century-old apartment buildings on either side of East
105th Street at Colonial Avenue are among 20 Glenville buildings
that were acquired by an investor who is renovating them with
affordable housing (Google).
CLICK IMAGES TO ENLARGE THEM

Denver and Cleveland investors acquired 20 Glenville apartment buildings with the intent of renovating them with affordable housing. The investors, Cardinal Housing Group and Salus Development, are committing $16.6 million to property acquisitions and rehabilitations, according to city of Cleveland and Cuyahoga County records.

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