Skip to main content

HomeUnion Expands Into the Columbus, Ohio Marketplace

NationalMortgageProfessional.com
May 14, 2015

HomeUnion has announced that it has added Columbus, Ohio to its list of active investment markets. Investors can now find pre-vetted, SFR investment properties in the Columbus market on the company’s Web site. HomeUnion also announced that it has hired real estate investment veteran Janet Phillips-Plunkett, as investment location manager in Columbus. 

HomeUnion chooses its markets and properties using proprietary models that factor in home prices, vacancies, historical income trends, employment, local economy and population growth among other criteria. Columbus meets HomeUnion’s criteria, with favorable cap rates (the relationship between rental income and purchase price) and a positive economic environment and outlook, the company said. Once a new market has been identified, HomeUnion hires real estate professionals, who have intimate working knowledge of the neighborhoods, property values and rent rates.

“SFR investing has become a high-yield alternative to traditional fixed-income investments, as people are now comfortable investing in houses remotely-as they are fully managed by HomeUnion. The SFR market now attracts a broad segment of investors who are looking to build a portfolio of investments based on cash flow and potential returns, not proximity,” said Don Ganguly, chief executive officer of HomeUnion. “After thorough research, we added a second market in Ohio, because its core manufacturing economy has been growing, surpassing 80 percent capacity in most sectors, which historically has meant steady or rising employment and income levels, key components to a healthy rental market.” 

Phillips-Plunkett brings more than eight years of professional experience in the Columbus real estate market most recently with Carleton Realty LLC.

Published
May 14, 2015
Fannie Mae Extends Multifamily Protections Indefinitely

Fannie Mae announced that its multifamily COVID-19 forbearance program has been extended indefinitely to support multifamily property owners and renters experiencing financial difficulties due to COVID-19.

Industry News
Sep 27, 2021
LoanDepot Lawsuit Alleges Wide-Scale Fraud

‘One of the most egregious wide-scale fraud for profit schemes since the years leading up to the Great Recession,' a recent lawsuit claims.

Industry News
Sep 27, 2021
Federal Regulators Race To Address Cryptocurrency Risks

Cryptocurrency is quickly morphing into a volatile but widely embraced innovation, and federal regulators are racing to address the potential risks to consumers and the market. 

Industry News
Sep 24, 2021
MBA Initiative Seeks To Close Racial Homeownership Gap

Says its advocacy, partnerships & connections will help increase opportunities for minority borrowers

Industry News
Sep 24, 2021
Guaranteed Rate Opens New Branch In Southwestern Michigan

Guaranteed Rate expanded its presence in Southwester Michigan, after opening a new branch in St. Joseph

Industry News
Sep 22, 2021
Chinese Property Giant Evergrande Falters, Threatening U.S. Investors

On Monday, investors across three continents dumped their stocks, mainly out of fear that the world’s two largest governments — the United States and China — would undercut the beginnings of a global economic recovery. 

Industry News
Sep 22, 2021