Kelly Stumphauzer, Co-Founder of The Prosper Fund Shares News About New Real Estate Fund for  Cleveland, Named the #2 Best Market in the USA

The Prosper Fund, a real estate investment fund focused on the Greater Metropolitan Cleveland area, has announced the establishment of their new fund to leverage their time-tested experience in identifying and acquiring properties in this hot market. Cleveland is currently seeing a massive influx of tech and med-tech investments, establishing a “health-tech corridor” that is attracting a growing young professional population.

Interested investors are invited by co-founders Kelly Stumphauzer and Jordan Ruben to contact them directly in order to learn more about Prosper’s strategy, unparalleled history of successfully securing off-market deals, deep industry relationships and forward roadmap.

The Prosper Fund offers an investment opportunity for a highly curated portfolio in both single-family and multi-family properties, strategically located near the booming “health-tech corridor.

“Now is the time,” emphasized Stumphauzer. “Cleveland is beginning to attract more attention from new investors, especially with Zillow recently naming it the #2 best place to invest in real estate in the United States.” Both Stumphauzer and Ruben will deploy their decade-long, in-depth knowledge of the local real estate market and its participants–officials, builders, suppliers, etc.– to provide investors a chance to acquire properties with the greatest upside potential.

“Outside money is just waking up to the outsized opportunity in Cleveland, although they will take years to learn this city the way we do, literally building-by-building. Our goal is to continue delivering consistent returns to our investors, targeting a double digit IRR,” shares Stumphauzer.

“Our goal is to continue delivering consistent returns to our investors – as of right now, the fund’s projected acquisition schedule includes deploying $25 million of equity and $25 million of debt, with a focus on assets that can generate cash returns and provide opportunities for development turnaround or rehab. We have successfully managed a portfolio of over 1,000 properties in various stages of renovation and stabilization, with an estimated 92% occupancy rate in more than 985 units. So we are confident both in our block-by-block knowledge of this city, as well as our ability to continue to identify and acquire the best possible properties. ”

With the Prosper Fund now open to investors, Stumphauzer and Ruben can be contacted by new investors who wish to inquire about detailed insights regarding the Cleveland real estate market, the enormous growth potential in the health-tech corridor, and specifically, the list of benefits that set The Prosper Fund apart from any other investing firm.

“At Prosper, we believe that success in entrepreneurship is the art of recognizing opportunities, taking calculated risks, and continually adapting to the dynamic business landscape,” says Stumphauzer. “It’s about having a vision and the determination to turn that vision into tangible reality, even in the face of challenges. And true success,” she continued, “is not merely measured by financial gains, but by the positive impact we create in the lives of our investors, partners, and the communities we serve. The Prosper team and I are committed to continue optimizing the stability and growth of the Cleveland markets, improving properties and helping to create a city attractive to new professionals and long-time locals alike.”

To learn more about The Prosper Fund and Co-Founders Kelly Stumphauzer and Jordan Ruben, check out their website, or contact:

Kelly Stumpauzer & Jordan Ruben, The Prosper Fund

[email protected]

(216) 677-4245