Smartland, Cleveland-Based Real Estate Investment Company, Expands Services; Plans Major Development in Willoughby, Lake County

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Smartland breaks ground on a 1,967-square-foot home in Willoughby, Lake County, adding another property to its already expansive portfolio of residential and commercial units. A potential high-return property, the residence will be located in the safe and fiscally advantageous Lake County, which has lower property taxes than Cuyahoga County, of which Cleveland is part.

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“This initiative constitutes a major step in Smartland’s ability to expand its services, to provide affordable housing to customers, to develop strategic parts of Northeast Ohio."

Smartland,http://www.smartland.com, a premier provider of real estate investment and management services, recently announced that it has acquired sizable land in Willoughby, Lake County, and will develop the lot for new construction in the next few weeks.

The acquisition follows a series of operational changes that Smartland implemented to centralize the activities of its affiliates and subsidiaries—including Cleveland Property Management, Cleveland Restoration Group, Cleveland Real Estate Development and CPMG Realty.

“We are breaking ground on our first new construction Spec home, which we intend to start in mid-October,” said Vadim Kleyner, Smartland’s Chief Executive Officer. “This initiative constitutes a major step in Smartland’s ability to expand its services, to provide affordable housing to customers, to develop strategic parts of Northeast Ohio, and to contribute to the economic rebirth of Cleveland and surrounding areas.”

Prior to Smartland’s acquisition, the parcel has been vacant for many years, and Smartland has a multi-pronged vision for the new construction in terms of fiscal revenue, social life, community renewal and local business. Smartland intends to build another house on the same street shortly after the first one is complete.

“We intend to work closely with Mayor David E. Anderson, his team and the entire Willoughby City Council to complete construction as early as operationally possible, and to provide Willoughby residents with affordable, quality housing in a safe and economically desirable environment,” added Kleyner.

Smartland plans to build a 1,967-square-foot home on the vacant parcel, replete with the state-of-the art amenities and exquisite features—including roomy closets, bedrooms and bathrooms. In addition to modern amenities, the future homeowner will appreciate the fact that this residence is a great investment opportunity and that Lake County levies lower property taxes than Cuyahoga County, of which Cleveland is part.

Smartland’s property investment and renovation initiatives are integral to a comprehensive effort to decrease vacancy rates in Northeast Ohio, to bring economic and social life to key neighborhoods, and to boost business investments. The effort also aims to help lower crime, improve the local educational system, and increase the tax base of municipalities in the region.

About Smartland
Smartland is Cleveland’s largest real estate investment firm as well as one of the premier property management companies in Ohio. Smartland customizes services to clients as diverse as seasoned entrepreneurs, young professionals, retirees and people in academia. At Smartland, the team combines financial savvy with expertise in property management to help clients identify and invest in properties that have strong growth potential. To help clients make informed investment decisions, Smartland provides various services—including renovation services, property management and investment analysis—along with planning tools and investment opportunities.

Press Contact
Elisabeth Gesis
elisabeth(dot)g(at)smartland(dot)com
216-287-0785

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