Charles Cleveland

Mr. Cleveland began acquiring multi-unit residential properties in Long Beach California in 1990. With three investor partners, they acquired 18 distressed properties through 1998 with Mr. Cleveland leading operations as the General Partner. With his wife Linda, they were the on and off-site property managers of all units. All 18 properties were improved to become top performers financially and operationally. Mr. and Mrs. Cleveland are still the owner/managers of 11 of these properties in the Downtown/East side Long Beach area today. Mr. Cleveland graduated with a BS degree in Chemical Engineering from Carnegie Tech in 1969 and a MBA from the University of Southern California in 1972. He then joined the Management Consulting Division of Arthur Andersen & Co as a project manager through 1980. He then joined a client manufacturing company in Los Angeles as Vice President of IT and other Operational areas of the company until its acquisition in 1989. Mr. Cleveland then began acquiring numerous single-family properties in Southern California before focusing on 8 unit + residential properties in Long Beach. Mr. and Mrs. Cleveland currently live in Tucson and continue to manage their properties in Long Beach through their Cleveland Investments staff in Long Beach.