Peninsula Capital Corp. (PCC) has targeted the Buffalo, Rochester and Cleveland markets, which are in what is known as the former “Rustbelt”.
We believe that there is a greater opportunity to acquire large scale portfolios, well below replacement cost at higher cap rates than traditional rental properties.
Out of the 150 largest metro markets in the United States, Buffalo ranked number 1 for rent growth as at August 2024 while Rochester was in the top 10 and Cleveland was in the top 25.
Less than 1,000 sq ft
1,000 to 1,500 sq ft
More than 1,500 sq ft
Type of House
Rent Breakdown by House
Existing Property Locations
