- Real Time Investments (RTI)
What we do for them
Best Corporate Asset Management has assisted RTI in the development of its strategy.
RTI buys single and multi-family homes in Southeast Michigan, focusing on metropolitan markets where opportunity exists to purchase and rehabilitate distressed properties at a significant discount to the cost of replacement. After value is added through a programme of intensive rehabilitation, RTI leases or re-sells homes, providing high quality living space and contributing to the area’s already impressive economic recovery.
With the in-house business services provided by Best Corporate Asset Management, RTI have structured RTI corporate bonds which will be utilised to purchase, rehabilitate and re-sell residential housing units in Southeast Michigan, USA and the operation of this program. Acquiring single and multi-family residential houses, which provide opportunistic real estate investment profiles, it is expected that these investments will achieve capital appreciation on re-sale of the properties.
The complete Group strategy is to acquire distressed or under-utilised housing units from financial institutions, municipalities and individual sellers, rehabilitate them and re-sell them to local homeowner-occupiers. The process, from purchase to sale of each property, is projected to last a maximum of seven months. This business model, which was put into operation in July of 2014 by RTI, is motivated by the Group’s positive outlook for the Southeast Michigan housing market.
It is believed that the homeowner housing segment is in a steady and improving condition, based on a rise in sales volume, a rise in median prices and a decrease in the average number of days a property is on the market for. Therefore it is expected that investment in this market will provide strong financial rewards.