Hero Homes Solutions acquires 98 homes in Lima, Ohio | New
The acquisition of the four single-family homes marks the company’s 98th home purchase in Lima, Ohio.
LIMA, Ohio, July 6, 2022 (SEND2PRESS NEWSWIRE) — Hero Homes Solutions LLC, one of Ohio’s fastest growing single-family owner-operators, announces that it has acquired four additional single-family rental homes in Lima Ohio and is under contract to buy 22 more with options to buy 60 more.
This is the company’s 6th portfolio acquisition in Lima in the past 10 months, bringing the total number of homes it owns in Lima to 98. The company also owns and operates 352 homes in Urbana, Dayton Toledo and Columbus.
For generations, Lima was one of the most respected communities in Ohio and was once more populous than Columbus. Years of underinvestment have forced residents away from the city center to the suburbs where all new construction has been developed. Like Columbus, Lima is currently experiencing a reinvestment in the downtown area where many residents are looking for quality affordable housing. Over the past 5 years, Lima has seen the development and improvement of schools and the expansion of new businesses. The city is currently booming with an unemployment rate of 3.4%, one of its lowest rates in decades.
“We are excited to expand our presence in Lima,” said Sayam Ibrahim, General Manager of Hero Homes Solutions LLC. “The community is ideally located for anyone looking to live in a booming small town, job opportunities and plenty of shopping and dining just minutes away.” The company plans to spend more than a million dollars to improve all the houses it has purchased in Lima. To date, it has already completed the renovation of 35 of the 98 units. Renovations include landscaping, roofing, kitchen and bathroom upgrades as well as improved siding, insulation and more energy-efficient HVAC systems.
About Hero Homes Solutions LLC:
Hero Homes Solutions, LLC was founded in 2011 by Sayam Ibrahim along with his brothers Amiel and Xavier Ibrahim. Since 2011, Hero Homes Solutions, LLC has purchased and remodeled over 400 homes in Ohio, with a focus on Columbus, Dayton, Lima and Urbana. Mr. Ibrahim’s brother, Amiel, is an Ohio resident and oversees all renovations and property management of his assets while Xavier is based in Florida and manages acquisitions for the company. Hero Homes Solutions plans to buy 500 homes a year in Ohio and is joined by US and international investors including: Mr. Jack Afik, Anthony Pollak, Michael Salkind, Joe Lubeck and Schloss Bros. LP
LEARN MORE: https://www.herohomessolutions.com/
For more information, please contact Mr. Sayam Ibrahim at: [email protected]messolutions.com or (732) 718-9680
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NEWS SOURCE: Hero Homes Solutions LLC
This press release has been issued on behalf of the source of the information (Hero Homes Solutions LLC) which is solely responsible for its accuracy, by Send2Press® Newswire. The information is believed to be accurate but not guaranteed. Story ID: 83189 APDF-R8.6
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