Central Property Development, Inc., founded in 1910 and operating out of Ann Arbor, Michigan, is a family-owned real estate investment holding company. The company has evolved from its original focus on warehousing and logistics into a specialized firm concentrating on Single-Tenant Net-Leased (STNL) assets. Following its acquisition by People's Services of Ohio in 2013, Central transitioned from warehousing activities to real estate investment and management, focusing on properties that generate income with minimal landlord involvement.
The company aims to build a balanced portfolio of commercial-grade assets across various regions, currently managing properties in 10 states and 22 municipalities. Central Property Development prioritizes acquiring assets with strong, reliable tenants and seeks rent increases to safeguard against inflation. By employing a long-term holding strategy alongside debt reduction and equity growth, the company is dedicated to securing financial performance for both its investors and tenants.
Additionally, Central often utilizes 1031 Tax Deferred Exchanges to facilitate its real estate transactions, allowing for reinvestment without facing substantial tax barriers. This strategy not only stimulates continued portfolio growth but also contributes positively to the economy. With a dedication to strategic investment and property management, Central Property Development, Inc. remains committed to enhancing the value and performance of its assets while providing secure income opportunities for its stakeholders.
