Arrangements pop up for renters to own stakes in their apartment complexes

By Bendix Anderson | National Real Estate Investor

At Gravity, a new apartment complex in Columbus, Ohio, every resident will have an ownership stake in their own community—starting at $50 per household.

“Our vision is to turn every renter into an owner,” says Calvin Cooper, CEO and founder of Rhove, a financial technology company based in Columbus.

Politicians, housing advocates and developers used to talk about the value of owning a home. That largely stopped in the years after the housing crash and the Global Financial Crisis, in which millions of people lost homes to foreclosure. Housing advocates now call for Congress to support a new wave of home construction, both to ease the shortage of housing and create jobs for some of the people who became unemployed as a result of the economic crisis caused by the coronavirus pandemic. And on a much smaller scale, entrepreneurs are creating ways for renters to become stakeholders in their own apartment communities.

READ ON:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

July 2020
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031