Private Real Estate Developers Stimulate 'Mister Rogers Effect'
CLEVELAND, Sept. 26, 2023 /PRNewswire/ -- Neighborhoods that see the redevelopment of rundown properties experience short and long-term social benefits, as well as economic ones, according to a new report published today.
- 'Here Comes the Neighborhood: The Economic and Social Impacts of Private, Residential Real Estate Developers' is published by Upright , a leading real estate development platform.
- Upright CEO, Matt Rodak says: "I have long been convinced that local, private real estate developers play a vital role not just in our economy, but in the life of our nation, and its neighborhoods.
- The report also highlights the role that the nation's 50,000 private real estate developers have in helping to meet the demand for housing.
- Upright, formerly known as Fund That Flip, was originally established as a means of enabling private real estate developers to access funding for their projects, and passive investors to enjoy the returns delivered by investing in residential real estate.