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Home arrow Getting Started arrow Press Release - Rho – Orion Investments Inc., Langley BC: May 26, 2014
Press Release - Rho – Orion Investments Inc., Langley BC: May 26, 2014 Print E-mail
Written by Don White   
May 27, 2014 at 02:17 PM

Press Release: Rho-Orion Investments, May 26, 2014 

Rho-Orion Investments Inc. (ROI) and its investment partners are pleased to announce the purchase of The Maple Apartments, 1290 Ouellette St and the adjacent duplex at 1304 Ouellette St., Windsor, ON for $525,000.00. ($22,826.00/suite). This 21 unit pre-war apartment building and the adjacent duplex will be renovated, repaired and repositioned backed to profitability over the next 12 months. This is the sixth purchase of multi-tenant residential apartments in Windsor and it brings the total portfolio to 233 suites and an estimated $13 million in real estate assets purchased in the last 5 years.

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ROI Inc. identifies exceptional undervalued properties, adds value through strategic renovations & up-grades, aggressively markets the properties to attain stable, above market rents, and manages the properties to optimize cash-flows and increase equity value. Rho-Orion Investments Inc. provides outstanding returns to investors.

Built prior to the Great Depression, The Maple Apartments is a fine example of Windsor’s historical Prohibition Era construction. With its fine brick façade, sandstone lintels, and cast columns, The Maple Apartment strikes an impressive profile on Ouellette Street. Leaded glass doors, open staircases and generous hallways welcome residents and guests into a sumptuous past. Large bright open concept suites with plenty of windows, hardwood floors, and up-dated modern amenities make living at The Maples simple, elegant and convenient. 

Last Updated ( Mar 07, 2015 at 01:28 PM )
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