MSN Real Estate, an Oregon-based company that specializes in real estate, will offer a benchmarked selection of rental units to the Eugene community. MSN’â€™s units will be a balance of safety, cutting-edge technology, and a positive ambience for all tenants.
MSN will target three distinct segments of customers. Students at the University of Oregon will be their largest customer segment. This market is expanding at 7% per annum with over 18,000 customers. This segment is especially attractive since most of the local rental properties that are geared toward students are run down, poor quality units. The second segment is the local professional market, which is increasing at 4%. It has 12,000 potential members. The last segment includes faculty and staff from the University. This section has a growth rate of 5% and potential customers up to 6,000.
The market for high quality, reasonably priced apartment units has been growing at a rate of 6.7%. Oregon’s rent rates are steady at $697 or $.79 per sq. ft. during the fourth quarter. The Oregon market is experiencing rapid job growth which is driving demand for apartments. However, not many new units have been created. Not only is MSN pioneering this particular niche of affordable quality living, but it is capitalizing on the strength of the current economic growth in Oregon
MSN Real Estate offers comfortable, high-quality rental units in Eugene as well as other parts of Oregon. MSN Real Estate’s apartment buildings offer modern living options that are reflective of both the rapid technological advances and the growing demand for high-quality housing. Our company offers a hassle-free environment where our tenants can enjoy all the benefits of attractive, safe and welcoming units. MSN has a primary objective to satisfy customers, not just turn profits like many other realty firms. Our top priorities are tenant safety, happiness, as well as comfort. MSN is committed to maintaining competitive market prices and working towards increasing the number of units purchased and increasing total profit. As a company, we will strive for a harmonious and cohesive unit that is committed to achieving our mission. MSN’â€™s success is largely dependent on customer satisfaction. Equally important is employee satisfaction. MSN Real Estate founders think that employee satisfaction is the key to success and their longevity.
The company will be able to buy its second facility by year 2. It is currently in discussions with the owners of a 20-unit apartment building in downtown Portland, OR. While it is impossible to predict how building values will change over time, it is expected that we can buy this building for $570,000.
Financial Highlights for the Year
We will start with $1,250,000 of funding from diverse sources. An angel investment company of 1,000,000. A loan of 200,000. We will also receive $50,000 from the owners.
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