Ocean Development Highlights Strong Returns

Thanks to strong demand for multifamily and single-family rental housing, Ocean Development Inc. has continued strong returns

Sunset Beach, CA (I-Newswire) February 5, 2013 - Thanks to strong demand for multifamily and single-family rental housing, Ocean Development Inc. has continued strong returns

While some experts predicted a slowdown in growing demand for rental housing, it hasn’t slowed, and experts are starting to recognize that demand should continue to grow through at least 2016. As a result, Ocean Development Inc has continued to see strong returns in 2012 and the beginning of 2013.

Ocean Development, and owners Amy Cyprus and her husband Kip C Cyprus, have put their investors in a strong position with affordable, efficient, and desirable housing that meets low-income housing requirements established by the Department of Housing and Urban Development. Ocean Development has been developing affordable rental property, with the aid of investors, and managing those properties to maximize returns from increasing rents.

Ocean Development has been working on this model for many years, and has discovered that their focus on quality, low income housing, has made it a leader in the Los Angeles area.

Ocean Development also agrees with industry expert predictions that rental demand will keep growing until at least 2016.

Jim Warren, chief marketing officer with First Service Residential Realty, one of the nation’s largest rental housing developers, says the market can expect to add roughly 6.6 units for more than 4.2 million new renters, as the multifamily and single-family sectors attract large scale investors.

Cyprus agrees that even as more large companies jump into the market, development of new property will not outpace demand for years.

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http://www.oceandevelopmentblog.com