Commercial Real Estate Pro Network

Where do you invest and why?  For Worcester Investments, Kansas City Multifamily Investing is it.   In 2007 Paul, Joel & Jesse Worcester followed their mentor from Oregon to Kansas City for the opportunity they saw.  Kansas City real estate was a bargain compared to their native Oregon.   Prior to moving to Kansas City, the brothers tried their hand in real estate investing through building spec homes in Eugene, OR.  For three straight years, they were able to build and sell a  spec home to help pay for college.  Then in 2006 the market turned, and they were lucky to get out of their last home. Today, they have over 3000 units, 120 employees and are looking at properties and projects in excess of $5M each including ground up construction and a downtown redevelopment project on the new Kansas City Streetcar line. So what is the strategy? Worcester Investments are Focused to be the Best at Multifamily in Kansas City and stay purposefully ignorant to all other real estate opportunities. As they have grown, their team has and focus has evolved.  Today, they look at over 100 multifamily opportunities a year in the Kansas City.  Their team can analyze a deal to determine if it is an opportunity they want to pursue in just 45 minutes.   They look for intrinsic value.  What can they improve on and increase the performance of  the property.    Today, Worcester is a major multifamily investing company in Kansas City.  Instead of duplexes, their appetite is for opportunities with intrinsic value priced at and above $5 million. To learn more, go to: http://www.worcesterinvestments.com/