SOURCE: Grandview Capital, LLC

Grandview Capital, LLC

May 19, 2011 07:30 ET

Grandview Capital Discovers a Real Estate Development Model That Works -- Even in Today's Market

ST. CHARLES, IL--(Marketwire - May 19, 2011) - In what some are calling the worst real estate market in US history, is success in real estate development still possible?

It is if you're using the right business model.

Grandview Capital, LLC is quite apparently using the right business model, as evidenced by the acquisition of its 100th property in May of 2011. The St. Charles, Illinois-based firm reached the 100-property milestone in under two years -- an impressive accomplishment in any real estate climate, let alone this one.

Grandview has built its business model around the contrasting skills of its two founders. Unlike most firms that invest in real estate, Grandview blends the know-how of an experienced custom home builder with the expertise of a former bank executive. This combination has proven to be an exceptional competitive advantage for Grandview.

"It feels good to see a once neglected property suddenly become the pride of the neighborhood," says Ken Bernhard, one of Grandview's two founding partners. His knowledge of construction and what it takes to provide quality, custom-built homes has transferred nicely into the real estate investment arena, as Grandview has been responsible for the renovation of over 87 homes since its inception in late 2009.

The other half of Grandview's successful business model is Tom Detelich, who has 33 years of experience as a consumer finance and banking executive. Detelich's expertise in finance has helped to ensure that Grandview's investments pan out successfully, as the firm maintains a selective posture aimed at understanding acquisition and renovation costs before committing capital.

"Even in this economic climate, real estate sells when you deliver quality at prices that reflect today's market," Detelich said in an interview from Grandview's St. Charles, IL headquarters.

Grandview's management team intends to continue the rapid expansion of the company, which to date has included the purchase of properties in 27 different communities across the state of Illinois. The extension of the firm's services will not only continue to expand geographically, but also in terms of the sizes and types of projects Grandview engages.

For more information about how Grandview Capital, LLC can help home buyers and sellers alike, visit the company's website at www.gvcproperty.com, or call 630-513-1966.

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