Memphis Real Estate Firm Proves Success Possible in Slow Market

MEMPHIS, Tenn., Jan. 9, 2012 /PRNewswire/ -- Memphis Invest, a leader in the burgeoning turn-key real estate investment industry, announced today that it more than doubled its business last year with a 60-percent increase in home sales on behalf of its investors during 2011 compared to 2010.

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The company also saw a 48-percent increase to its client base, and as a result of this growth, Memphis Invest has seen an increase in revenue of more than 90 percent year over year. While the housing market continues to struggle toward a full rebound, real estate firms like Memphis Invest are thriving by helping investors worldwide capitalize on the availability of low-cost homes combined with a growing demand for rental property.

Turn-key real estate companies such as Memphis Invest purchase, renovate and manage properties for investors who are interested in long-term revenue options, but also need a partner to operate and manage the properties on their behalf, particularly since many investor-owners do not live in the same city as their investment property. As faith in traditional investment options like the stock market wanes, this increasingly popular model for real estate investment, also referred to as passive real estate investing, has become an attractive alternative for those who have capital and want to own specific residential property but lack the time, experience or means to manage it. Memphis Invest's business model helps customers manage risk while preserving their capital.

"With nearly half of the Memphis population renting, Memphis has become a stable and lucrative market for real estate investors seeking to build their portfolios," said Chris Clothier, a partner with Memphis Invest.  "Investors are looking for hard assets that provide safe, long-term opportunities in a time of economic uncertainty.  Despite the recent real estate bust as part of the Great Recession, residential real estate remains a proven investment strategy."

The family-owned business not only grew its internal property rehabilitation and property management services staff by more than 30 percent last year, but its business model also enabled it to employ 47 other area companies that provide nearly 500 jobs to the region.

In November, Memphis Invest announced expansion into the Dallas market in response to growing investor demand and the attractive Texas market. The company plans to begin actively marketing and selling Dallas properties by the second quarter.

"The opportunity is there for us as a relatively young industry to fill a need in our national economy as more and more individuals look to rent and distressed and low-cost homes are available for purchase. Investors are looking for safe investments, and they are begging for great communication and customer service. We're simply connecting the dots to provide investors what they are looking for, and so far, it's a business model that has proven successful for us," said Clothier.

In 2011, Memphis Invest spearheaded the creation of a peer group for similar real estate investment companies, spanning from regions such as California, Florida and New York, that meet several times a year to define best practices for the green turn-key real estate industry. Clothier will lead the next meeting of the group, known as REI Edge Masterminds, in Jacksonville, Fla. this week from Jan. 12-13.

About Memphis Invest
Memphis Invest provides turn-key real estate investment services to domestic and international clients looking to include residential real estate ownership in their investment portfolios.  Founded in 2004, the company engages a professional network of portfolio managers, experienced contractors, appraisers and lenders to streamline the investment process for individuals looking to build their real estate investment portfolio without the burden of day-to-day property management. A privately held, family-owned business based in Memphis, Tenn., the company is led by two generations of employees committed to providing a personal level of customer service along with property identification and management solutions to their clients.

For more information about Memphis Invest, visit www.memphisinvest.com or call 1-877-773-9998.

SOURCE Memphis Invest