Company Info
Clark Realty, Inc. is a real estate development, investment and management firm. The company's core competency is in locating, buying and managing income generating properties in close proximity to college campuses. Additionally, the company locates and purchases distressed properties throughout west Michigan with the intent to either resell or rent thereafter.
Currently, the company has two separate and specific target markets. The firm's Campus Division targets income-generating properties that produce positive cash flow. The company uses a non-speculative approach to purchasing properties in campus markets. The primary focus is on a property's ability to produce a positive cash position for the firm through tenant rent payments, not subject to increases/decreases in equity due to fluctuating market prices.
Clark Realty, Inc. also seeks to purchase distressed properties such as bank foreclosures, trustee sales, foreclosure auctions, pre-foreclosures, and HUD homes at below market prices. The firm's partners perform any construction and rehabilitation needed, in addition to hiring outside contractors. Clark Realty, Inc. then sells or rents the unit.
The company has been in business since November 8, 2005. The firm has enjoyed early success and high growth since its inception - acquiring five properties in the first year of operation using various means of equity and debt financing.
Additionally, Clark Realty, Inc. launched an interactive website. The platform allows prospective tenants to view available properties, request additional information and print out leasing forms. Current tenants use the website to submit maintenance requests, view lease details and manage payments.