Press Release: 2/20/2015
SpringView Investments, LLC Announces Purchase of 50th Property
February 20, 2015
Contact: Harold Willig
SpringView Investments, LLC (SpringView) announced today that it has purchased its 50th single family home for the SpringView Investments Fund II portfolio.
“Nationally, single family home prices have fallen by nearly one-third from their peak in 2006," said Harold Willig, Manager of SpringView, a real estate investment company he founded in 2012. “This significant price drop has created opportunities for investors, particularly in Chicago, to purchase properties below their fair value. At the same time, rental demand for single-family homes has increased, and new construction has fallen below historic norms.”
Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for Springview.
Mr. Willig is the Fund's Manager and has most recently served as CFO to HFZ Capital Group, where he was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.
“Chicagoland also has positive demographic trends,” Mr. Willig said. “Only two major housing markets in the country are currently undervalued, according to John Burns Real Estate Consulting. Chicago is one of them, at -7.00%."