Chicago, IL, January 22, 2014 --(PR.com
)-- The real estate rehab market shows no signs of slowing down and Pangea Properties, a private Real Estate Investment Trust (REIT), is expanding their reach with a new platform, Motus Construction
Specializing in multi-family rehab projects, Motus Construction has already overseen 200 projects totaling over $120 million since its launch in 2009. Head of Business Development Pete Martay explains that Pangea’s foray into a fully-fledged property rehabilitation company allows third parties to take advantage of the experience and knowledge Pangea has showcased with their own rehabbed properties.
“We have been able to apply the best practices in the industry into a streamlined rehabilitation process,” says Martay. “Motus encompasses the full scope of apartment building construction, from rehabbing exterior and interiors as well as the building mechanics.”
Motus Construction will contract its services at a variety of price points, with services including: masonry, grinding and tuck pointing, parapet wall systems, exterior and interior painting, lintel replacement, window repair and installation, porch construction and retrofitting, roof replacement and repair, landscaping, hardwood refinishing, tile installation, ductwork and installation, kitchen and bathroom remodeling, electrical services, plumbing and security systems, among many additional services.
About Pangea Properties:
Pangea Properties is a private real estate investment trust (REIT) targeting the distressed residential multi-family real estate market. Pangea was founded in 2008 by Al Goldstein and Steve Joung with one mission: to bring service, value and care to its residents. The entrepreneurs saw an opportunity in the Chicago market to create a real estate firm that serves as both the property owner and the building manager, utilizing a call center to support the high bar for service and scalability. Today, Pangea has over $250 million into 8,000+ apartment units throughout Chicago, Indianapolis and Baltimore, with the goal of continuing to expand within current markets as well as into new markets. Pangea has been highlighted by several media outlets including WGN TV, Chicago Magazine and the Baltimore Business Journal, among others. Pangea’s founder Al Goldstein has been named one of Crain’s 2013 40 under 40 and is a recipient of the Ernst & Young Midwest Entrepreneur of the Year. For more information, visit Pangea online at www.pangeare.com, www.Facebook.com/PangeaRE, www.linkedin.com/company/pangea-properties or on Twitter @PangeaRE.