HIPP Companies Announces Portfolio Closing and Revitalization Project in Sidney, Nebraska.Rehabilitation rehabilitation: see physical therapy. Addresses Affordable Housing Needs for City DENVER Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. -- Home Investment Portfolio Partners Companies (HIPP Companies), Colorado's premier real estate investment company, announced today the closing of its portfolio in Sidney, Nebraska Sidney is a city in Cheyenne County, Nebraska, United States. The population was 6,282 at the 2000 census. It is the county seat of Cheyenne CountyGR6. Geography Sidney is located at (41.139428, -102. . After rehabilitation, the portfolio will include approximately 200 rental units and will address the city's critical need for affordable housing. "The Sidney Sidney, city (1990 pop. 18,710), seat of Shelby co., W central Ohio, on the Great Miami River, in a farm area; founded 1811, inc. 1834. Refrigerator parts and machinery are among the items produced there. area welcomes this announcement with open arms," stated Sidney City Manager Gary Gary, city (1990 pop. 116,646), Lake co., NW Ind., a port of entry on Lake Michigan; inc. 1909. Gary was founded by the U.S. Steel Corporation, which purchased the land in 1905 and landscaped it for a city. Person, who also serves as the city/county economic development director. "Sidney has seen significant growth over the past 15 years and our community has tripled its economy. While we have been successful in creating jobs, one of our weaknesses has been lack of housing, especially for the average workforce," Person said. "This is a tremendous opportunity for both the city and our investors," stated Christian Hageseth, President of HIPP Companies. "We were able to purchase this property at less than 50% of its value, which allows us to assist the city of Sidney by providing quality homes for their workforce, and at the same time offer our investors a unique real estate investment opportunity by including this portfolio to our next mortgaged mutual fund." The portfolio currently encompasses 88 occupied housing units and 54 unoccupied buildings. Renovation plans include new streets, sidewalks, housing and commercial buildings, as well as a new playground Playground - A visual language for children, developed for Apple's Vivarium Project. OOPSLA 89 or 90? for the existing childcare facility. HIPP Companies is currently evaluating similar projects in other communities across the country. About HIPP Companies Home Investment Portfolio Partners Companies (HIPP Companies) is a real estate investment company headquartered in Denver, Colorado. HIPP Companies provides real estate investment opportunities by buying homes, improving them, and reselling them for a profit. The company carefully evaluates each market before working there and selects only those markets suitable for this business model. HIPP Companies' unique investment opportunity uses a qualified investors' credit to obtain available mortgage financing rather than seeking a cash investment from the investor. The investment process is simple and straightforward, allowing investors easy access into the profitable arena of real estate investing Real estate investing involves the purchase of real estate for profit. Profits are accumulated slowly by renting out properties in a cashflow method, or are generally improved and resold for a capital gain. . For more information, please visit our website at www.hippcap.com. |
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