I am a real estate investor in central Ohio, and one of the investments that my company owned was a 68 unit apartment complex in Marysville Ohio called Village Square. The property needed some work, and instead of performing the renovation I decided to sell the apartment complex as is. We were experiencing a low occupancy rate due to deferred maintenance. This situation made the sale particularly difficult. We had several buyers in contract that after several months did not follow through with the purchase.
Fortunately, I was introduced to Bryan Mason and Ron Ambrosia through a Realtor. After a detailed inspection of the property, they presented a fair offer, and most importantly, proceeded to negotiate the contract and ultimately close on the transaction.
In addition, there was an added complication not normal to a real estate transaction, Covid 19, which negatively affected the real estate markets and lending institutions. While this added complication made the transaction more difficult, Bryan and Ron stayed diligent and were able to close the transaction when many said it would not be possible. We had a good working relationship through the sale. The buyers had to overcome numerous complications unique to this transaction, but they persisted and were successful. Fast forward 18 months, the apartment complex looks great, and the occupancy rate is close to 100%. Bryan and Ron have a unique skill set that is perfect for these types of projects.
Giorgio Bittoni
Bittoni Enterprises, LLC