Memphis, TN (PRWEB) April 28, 2011
Memphis Investment Properties is on track for a banner year, having closed on 53 in first quarter 2011 compared to 31 properties during the same period last year, representing a 71 percent increase.
Memphis Investment Properties routinely carries an inventory of 60 to 80 homes to meet the demand for investment properties in the Mid-South, according to Jim Reedy, company president.
“Memphis continues to be a leading market for investors because of the high demand for rental property,” Reedy said. More than 46 percent of the people in Memphis are renters.
Memphis Investment Properties currently manages more than 1,100 properties for investors across the country and around the world. The company specializes in working with foreign investors.
“We have steadily increased maintenance and staff to meet demand and offer our investors the highest quality management service,” Reedy said. During the second half of 2010, Memphis Investment Properties opened two new offices in the Memphis area, to serve tenants and provide more space for meeting with potential investors.
Electrolux and Mitsubishi have both announced that they will be building plants in Memphis, which will create thousands of jobs, providing an ever-expanding pool of tenants with steady income.
Reedy projects that Memphis Investment Properties will sell at least 250 homes by the end of 2011.
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