We are launching our new website today with a focus on the commercial side of our business. We started out with single family homes and now we are focused on commercial real estate investments. We believe that for true financial security and growth, the best way forward is in commercial real estate.
All of our residential properties are now sold or under contract, and we are pleased to announce our purchase of 3 residential apartment blocks in Cleveland, Ohio, with a total of 44 units. This was a note sale on a property that was foreclosed on by the lender, and we are now in the process of acquiring title, and initiating the cleanup of the buildings in preparation for their rehab and future occupancy.
The buildings are in a good middle class neighborhood, with low vacancy rates in the surrounding buildings, so we are confident in the marketability of these buildings once the rehab work is complete. We have a lot of work ahead of us, but we are looking forward to getting this exciting new project underway.
Be sure to check back in with us on a regular basis as I'll endeavor to provide updates as often as possible and I'll always try to answer any questions you may have.