Hero Homes Solutions acquires 30 homes in Urbana, Ohio | New
URBANA, Ohio, July 11, 2022 (SEND2PRESS NEWSWIRE) — Hero Homes Solutions, LLC, has acquired a 30-home subdivision in Urbana, Ohio located in Champaign County, Ohio from Waltco Investments LLC.
To date, the company has purchased over 500 homes in Ohio with the goal of reaching 1,000 homes within 24 months. The purchase represents the second close with companies owned by Walter Raines, who owned more than 80 homes in central Ohio and was liquidating his portfolio in retirement. In 2021, Hero Homes Solutions completed the purchase of 36 homes in Springfield, OH from Rains Holdings, LLC.
After the first 36 homes closed, Walter Raines, Founder and CEO of Raines Holdings, said, “The first transaction with Hero Homes Solutions went so well that when I was ready to sell my second set of properties, I called them directly.
Urbana is located between Columbus and Dayton, Ohio. It is a quiet and stable suburb of Springfield, offering tenants a relaxing lifestyle away from the hustle and bustle of city life but within a manageable commute to nearby metropolitan areas.
Sayam Ibrahim, Managing Director of Hero Homes Solutions, LLC said, “We are excited about this new acquisition in Urbana and look forward to working alongside other landlords in the area to provide quality homes for local residents. We see value and potential in Urbana and are already negotiating the purchase of another 40 homes nearby.
Sayam went on to explain that “we plan to invest over $300,000 in capital expenditures to improve the curb appeal and quality of life for tenants in this subdivision. So far, tenants seem excited about the implementation of improvements in the community. »
About Hero Homes Solutions, LLC:
Hero Homes Solutions, LLC was founded in 2011 by Mr. Sayam Ibrahim along with his brothers Amiel and Xavier Ibrahim. Since 2011, Hero Homes Solutions, LLC has purchased and remodeled over 500 homes in Ohio, with a focus on Columbus, Dayton, Lima and Urbana. Mr. Ibrahim’s brother, Amiel, is a full-time resident of Ohio and oversees all renovations to his assets while Xavier is based in Florida and manages acquisitions for the company. This acquisition along with its existing homes will be managed by Ms. Yvette Blanco, Executive Property Manager of Hero Homes.
Herro Homes Solutions plans to buy 500 homes a year in Ohio and will be joined by US and international investors including: Mr. Jack Afik, Anthony Pollak, Michael Salkind, Joe Lubeck and Schloss Bros. LP
Learn more at: https://www.herohomessolutions.com/
For more information, please contact Mr. Sayam Ibrahim at: [email protected] 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) who is solely responsible for its accuracy, by Send2Press® Newswire. The information is believed to be accurate but not guaranteed. Story ID: 83311 APDF-R8.6
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