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Cleveland rent increases ranked 3rd highest nationally

In recent months, Cleveland has been making waves nationally for its huge rent increases, outpacing even larger metropolitan areas. This rent surge in Cleveland has captured national attention, with monthly reports from tech real estate companies highlighting alarming trends. Here’s what the latest data reveals: Cleveland’s Remarkable Rankings: Third highest nationally for overall rent increase (6.5% between March 2023 and March 2024). Top ranking for single-family home rent increase (jumped by 9.4% during the same period). Persistent Trends: This surge in rents isn’t an anomaly but has persisted for several months, exacerbating concerns. Outpacing Inflation: Rent increases have far outstripped inflation rates, with the 12-month U.S. Consumer Price Index at 3.5% in March, notably lower than Cleveland’s rental spikes. Response Efforts: Efforts such as pandemic rental assistance aim to mitigate the impact, providing relief to low- and moderate-income families. Market Dynamics: Cleveland’s rental market continues to heat up, ranking second in the country for rental growth in the first quarter of 2024, according to CoStar. Despite efforts, until supply meets demand, renters are unlikely to see relief. National Landscape: Nationwide, while rents remain above pre-pandemic levels, a surge in construction is leading to decreases in high-end rental prices in some areas. Local Policy Impact: Cleveland’s historical incentives for development, like tax abatements, have complex consequences, impacting revenue for entities such as the Cleveland Metropolitan School District. These developments underscore the urgent need for a multi-faceted approach to address the rent spiralling in Greater Cleveland, balancing market dynamics with the needs of its residents. Cleveland’s rent surge is a clear signal that now is the time for landlords to capitalize on the market’s potential. With high rents expected to persist in the foreseeable future, investing in rental properties in Greater Cleveland promises to be a smart and profitable venture for those who are ready to take advantage of the opportunity. If you would like to see our latest Cleveland properties please email. invest@globalinvestmentsincorporated.com

Our Guide to Hassle-Free Property Investment for Passive Income

In the realm of wealth creation, few strategies match the reliability and long-term benefits of property investment. However, the traditional image of property investment often conjures up visions of endless paperwork, tenant management, and property maintenance. But what if there was a way to enjoy the benefits of property investment without the hassle? Enter the world of hassle-free property investment for passive income. Passive income is the holy grail of financial freedom, offering the promise of earning money with minimal effort and time investment. When it comes to property investment, passive income typically comes in the form of rental income generated from tenants occupying the property. The key to achieving true passive income lies in streamlining the investment process to minimize your involvement while maximizing returns. In today’s digital age, technology has revolutionised every aspect of our lives, including property investment. Investors can now leverage various platforms and services to streamline the entire investment process, from property search and acquisition to tenant management and With the rise of virtual reality and 3D technology, investors can now conduct property tours from the comfort of their own homes. Virtual tours provide a realistic and immersive experience, allowing investors to evaluate properties without the need for physical visits, saving time and resources. Tenant screening can be a time-consuming process, but with the help of automated screening services, investors can quickly vet potential tenants based on criteria such as credit history, income verification, and rental references. This helps ensure that only qualified tenants are selected, reducing the risk of late payments or evictions. Passive investment strategies are designed to minimise the need for active management, allowing investors to generate income with little to no ongoing effort. When it comes to property investment, there are several passive strategies that investors can employ to maximize returns while minimizing hassle such as the buy-and-hold strategy involves purchasing properties with the intention of holding onto them for the long term, allowing them to appreciate in value while generating rental income. By investing in stable markets and selecting properties with strong rental potential, investors can enjoy consistent passive income without the need for frequent buying or selling. Investment Trusts offer investors the opportunity to invest in real estate without directly owning physical properties. These publicly traded companies own and manage a portfolio of properties, generating rental income that is distributed to investors in the form of dividends. REITs provide diversification, liquidity, and passive income without the hassle of property management. Crowdfunding platforms allow investors to pool their money together to invest in real estate projects, such as residential or commercial developments. These platforms handle all aspects of the investment process, from property selection to management, allowing investors to passively earn income without the need for hands-on involvement. Hassle-free property investment offers a range of benefits for investors looking to generate passive income with minimal effort. Here at Global Investments our team of property investment specialists can talk you through the different options available to you. In particular we have an agreement in place with a Social Housing provider offering a completely hands-free long term passive income starting at 9% and rising over a 25-year lease term with increases based upon the consumer price index. Our properties give you. 1. Time Freedom: By outsourcing property management tasks to professionals and leveraging technology, investors can reclaim their time and focus on other aspects of their lives or pursue additional investment opportunities. 2. Reduced Stress: Managing rental properties can be stressful and time-consuming, especially for inexperienced investors. Hassle-free investment strategies eliminate the need for hands-on management, reducing stress and allowing investors to enjoy a more passive income stream. 3. Scalability: With hassle-free investment strategies, investors can easily scale their property portfolios without being limited by the constraints of time or resources by acquiring additional rental properties. Scalability is a key advantage of hassle-free property investment. In conclusion, hassle-free property investment offers investors the opportunity to generate passive income with minimal effort and maximum returns. By outsourcing management tasks, and embracing passive investment strategies, investors can enjoy the benefits of property ownership without the hassle of day-to-day management. Whether you’re a seasoned investor or just starting out, hassle-free property investment provides a pathway to financial freedom and long-term wealth accumulation. Let us here at Global Investments talk you through the different options available to you. Get in touch.

Touchdown in Motown: Detroit to Host 2024 NFL Draft

In a game-changing announcement, the NFL has declared Detroit as the host city for the 2024 NFL Draft, marking a significant milestone for the Motor City’s sporting landscape. Set against the iconic backdrop of Campus Martius Park and Hart Plaza, the event promises to captivate audiences nationwide, showcasing Detroit’s passion for football and its ability to host world-class sporting spectacles. The Decision Unveiled: Amidst the glitz and glamour of the Annual League Meeting in Palm Beach, Florida, NFL Commissioner Roger Goodell unveiled Detroit as the chosen destination for the highly anticipated 2024 NFL Draft. Following rigorous evaluation by the Fan Engagement & Major Events Advisory Committee and full ownership, Detroit emerged as the frontrunner, solidifying its status as a premier host city for major sporting events. A Collaborative Effort: Commissioner Goodell expressed enthusiasm for the collaboration between the NFL, the Detroit Lions, and key stakeholders in bringing the 2024 NFL Draft to fruition. With the support of Visit Detroit, the Detroit Sports Commission, and the City of Detroit, plans are underway to deliver an unforgettable three-day experience for football enthusiasts and visitors alike. Immersive Fan Experience: Central to the event is the NFL Draft Experience, a dynamic football-themed extravaganza that promises something for everyone. From participatory games and interactive exhibits to musical performances and autograph sessions, fans will have the opportunity to immerse themselves in the excitement of the NFL Draft and create lasting memories. A Historic Moment for Detroit: Claude Molinari, President and CEO of Visit Detroit, hailed the announcement as a historic day for the city, underscoring the economic impact and vibrancy that the NFL Draft will bring to Detroit. With enthusiastic football fans set to descend upon the city, Detroit is poised to showcase its hospitality and charm on a national stage, solidifying its reputation as a premier destination for sports tourism. Continuing the Tradition: The NFL Draft has evolved into one of the most eagerly anticipated sporting events of the year, drawing millions of viewers and generating substantial excitement across the country. With the success of recent drafts in Cleveland, Las Vegas, and Kansas City, anticipation is already building for the spectacle that awaits in Detroit in 2024. Looking Ahead: As the countdown to the 2024 NFL Draft begins, Detroit stands ready to welcome football fans with open arms, offering a blend of excitement, hospitality, and a passion for the game. With preparations underway and anticipation mounting, all eyes are on Detroit as it prepares to take center stage in the world of football. If you would like more information on our Detroit properties please email invest@globalinvetmentsincorporated.com

Detroit’s $1.5 billion District Development – One of the biggest in the US.

In the heart of Detroit, a transformative vision is taking shape with the District Detroit development project. With a staggering budget of $1.5 billion, this ambitious endeavor spearheaded by The Related Cos. and Olympia Development of Michigan promises to reshape the cityscape, breathing new life into its urban core. While facing some delays, recent adjustments in the construction plan reflect a strategic reimagining, aligning with market demand and regulatory timelines to ensure a vibrant and sustainable future for Detroit. A Vision of Progress: At the heart of the District Detroit development lies a commitment to progress and revitalization. While the original construction timeline experienced delays, the recent resequencing signals a renewed focus on bringing transformative projects to fruition. Among the highlights are the plans for an 18-story residential tower at 2205 Cass, offering modern living spaces alongside vibrant retail offerings, creating a dynamic urban ecosystem that fosters community engagement and economic growth. Responding to Market Dynamics: District Detroit’s evolution is not just about construction timelines but also about responding to market dynamics and community needs. Recognizing the demand for hospitality and residential offerings, developers have prioritized the construction of hotels and residential buildings. The addition of a new 290-room hotel next to Little Caesars Arena and a residential tower near Comerica Park underscores the commitment to creating a diverse and inclusive urban environment that caters to residents and visitors alike. Navigating Regulatory Landscapes: Navigating regulatory landscapes is integral to the success of any urban development project, and District Detroit is no exception. With regulatory deadlines looming, developers are steadfast in their commitment to meeting obligations while ensuring the project’s long-term viability. The strategic adjustments in the construction plan demonstrate a proactive approach to compliance, ensuring that the project continues to garner support and enthusiasm from stakeholders and the broader community. Community Engagement and Opportunity: Central to the District Detroit vision is a commitment to community engagement and inclusivity. The forthcoming University of Michigan Center for Innovation (UMCI) represents a beacon of opportunity, driving demand for modern living spaces tailored to students and professionals alike. Moreover, initiatives such as the rehabilitation of old apartment buildings underscore a commitment to addressing diverse housing needs and fostering a sense of belonging within the community. Conclusion: As construction plans for District Detroit continue to evolve, the project stands as a testament to the resilience and adaptability of Detroit’s urban landscape. Through strategic resequencing and a commitment to market responsiveness, developers are poised to unlock the full potential of this transformative endeavor. District Detroit represents more than just bricks and mortar; it symbolizes a beacon of hope, opportunity, and growth for the city, ushering in a new era of prosperity and vitality for generations to come. If you would like information on our Detroit properties please email invest@globalinvestmentsincorporated.com

Flourishing Opportunities: A Positive Outlook on the UK Property Rental Investment Market

The United Kingdom’s property rental investment market continues to be a lucrative avenue for investors seeking stable returns and long-term growth opportunities. Despite occasional fluctuations, the fundamentals supporting this sector remain robust. This blog covers the positive aspects of investing in the UK’s property rental market, highlighting its resilience, potential for wealth accumulation, and its role in meeting the evolving housing needs of the population. Steady Demand: One of the key pillars of the UK property rental investment market is the consistent demand for rental properties. This demand is driven by various factors, including demographic trends, lifestyle preferences, and economic conditions. The increasing population, coupled with changing household structures and rising urbanisation, has led to a sustained need for rental accommodation. Moreover, factors such as affordability constraints among first-time buyers and a transient workforce contribute to the continuous demand for rental properties. Resilience Against Economic Uncertainty: Historically, the UK property rental market has demonstrated resilience, even in the face of economic uncertainty. During periods of economic downturns or market volatility, rental properties often serve as a safe haven for investors seeking stable income streams. Unlike other asset classes that may experience significant fluctuations, rental income tends to remain relatively steady, providing investors with a reliable source of cash flow regardless of broader economic conditions. Diversification and Portfolio Stability: Investing in rental properties offers investors an opportunity to diversify their portfolios and reduce overall risk. Real estate has a low correlation with traditional financial assets such as stocks and bonds, making it an effective hedge against market volatility. By incorporating rental properties into their investment portfolios, investors can achieve greater stability and resilience, particularly during times of economic turbulence. Long-Term Appreciation Potential: Beyond the immediate rental income, property rental investment in the UK offers substantial long-term appreciation potential. Despite occasional market fluctuations, property values in the UK have historically shown an upward trajectory over the long term. This capital appreciation, combined with rental income, can result in significant wealth accumulation for investors over time. Additionally, strategic property management practices and property enhancements can further enhance the value of rental properties, maximizing returns for investors. Meeting Evolving Housing Needs: Investing in the UK property rental market also plays a crucial role in addressing the evolving housing needs of the population. With changing demographics, lifestyle preferences, and housing affordability challenges, rental properties provide flexible and accessible housing solutions for a diverse range of tenants. Whether it’s young professionals seeking urban living, families in transition, or retirees downsizing, rental properties cater to various segments of the population, contributing to social stability and inclusivity. In conclusion, the UK property rental investment market offers a myriad of opportunities for investors seeking stable returns, portfolio diversification, and long-term wealth accumulation. With steady demand, resilience against economic uncertainty, appreciation potential, and the ability to meet evolving housing needs, rental properties continue to be an attractive asset class for investors. As the market evolves and adapts to changing dynamics, prudent investment strategies and a long-term perspective will continue to drive success in the UK property rental investment landscape. To find out about Global Investments property rental investment options please reach out to our property Investment specialists.

Cleveland Clinic Global Peak Performance Center: A Visionary Collaboration by the Cleveland Cavaliers, Cleveland Clinic, and Bedrock Real Estate

In a groundbreaking collaboration, the Cleveland Cavaliers, Cleveland Clinic, and Bedrock Real Estate have unveiled plans for the Cleveland Clinic Global Peak Performance Center, set to redefine athlete training, community wellness, and urban development in downtown Cleveland. The center, spanning over 210,000 square feet and designed by renowned architectural firm Populous, represents a paradigm shift in the intersection of sports, medicine, and urban planning. Positioned along the picturesque Cuyahoga River, the facility will not only serve as the Cavaliers’ elite performance training hub but also cater to athletes from around the world and offer comprehensive care to the local community. At the heart of this visionary project is a commitment to enhancing athletes’ overall performance and well-being. Equipped with state-of-the-art training equipment, cutting-edge medical facilities, and staffed by experts in orthopedic surgery, sports medicine, cardiology, and more, the center aims to extend athletes’ careers and maximize their potential. Moreover, leveraging advanced technologies such as artificial intelligence and big data analytics, the center will provide novel insights into human performance, benefiting not only athletes but also medical patients, first responders, and the military. Beyond its athletic prowess, the Cleveland Clinic Global Peak Performance Center is a catalyst for urban revitalization. As the inaugural vertical development of Bedrock’s Cuyahoga Riverfront Master Plan—a $3.5 billion endeavor—the center embodies a commitment to accessibility and sustainability. Its strategic location fosters connectivity, with plans for public amenities like a kayak launch point, revitalizing the riverfront and invigorating downtown Cleveland. Dan Gilbert, Chairman of the Cleveland Cavaliers and Bedrock Real Estate, expressed excitement about the project’s transformative potential, stating, “This project is the first step in creating a more vibrant and growth-oriented neighborhood, transforming the look and feel of downtown.” Gilbert’s sentiments were echoed by Koby Altman, President of Basketball Operations for the Cavaliers, who hailed the center as a “generational game changer” that reinforces the team’s commitment to excellence. For the Cleveland Clinic, this venture represents the latest chapter in a longstanding partnership with the Cavaliers. Dr. Tom Mihaljevic, CEO and President of the Cleveland Clinic, emphasized the center’s broader impact on community health, stating, “The Global Peak Performance Center exemplifies the impact we can have when like-minded organizations come together.” As plans for the Cleveland Clinic Global Peak Performance Center take shape, anticipation builds within the Cleveland community and beyond. With groundbreaking anticipated before the end of 2024, the center stands poised to redefine the future of athlete training, community wellness, and urban development in Cleveland and beyond. If you would like more information on our Cleveland properties please email invest@globalinvestmentsincorporated.com