CHICAGO, IL - In a world where information and the ability to connect with others is increasingly housed online, easy and instant access to the internet is becoming more and more important. To ensure this value is being offered to underserved communities, Pangea Properties, a private real estate investment trust (REIT), is focusing on providing this access to its residents and currently offers Wi-Fi as a complimentary amenity.
While the Wireless Internet Zones (WIZ) initiative by the City of Chicago has brought free Wi-Fi to new areas of the city, many of these hotspots tend to be pinpointed downtown, at locations such as parks or the beach. Pangea Properties owns and operates properties that are mostly located in low to middle income neighborhoods throughout Chicagoland and CEO Al Goldstein noted that many members of these communities were unable to take advantage of having free internet within their own neighborhood. Areas that offer free Wi-Fi on the Southside are few and far between,” adds Goldstein.
As a result, Pangea’s 1,500 residents residing in neighborhoods such as South Shore, Chatham and Austin can easily enjoy instant internet access from the comfort of their own apartment. “We wanted to empower our residents and provide them with Wi-Fi right at their fingertips. Instant internet access provides a wealth of new opportunities,” adds Goldstein. “We have worked to strike a balance of quality and value for our residents at an affordable price point.”
ABOUT PANGEA PROPERTIES:
Pangea Properties is a private real estate investment trust (REIT) targeting the distressed residential multi-family real estate market. Pangea was founded in 2008 by Al Goldstein and Steve Joung with one mission: to bring service, value and care to its residents. The entrepreneurs saw an opportunity in the Chicago market to create a real estate firm that serves as both the property owner and the building manager, utilizing a call center to support the high bar for service and scalability. Today, Pangea has over $250 million into 8,000+ apartment units throughout Chicago, Indianapolis and Baltimore, with the goal of continuing to expand within current markets as well as into new markets. Pangea has been highlighted by several media outlets including WGN TV, Chicago Magazine and the Baltimore Business Journal, among others. Pangea’s founder Al Goldstein has been named one of Crain’s 2013 40 under 40 and is a recipient of the Ernst & Young Midwest Entrepreneur of the Year. For more information, visit Pangea online at www.pangeare.com, www.Facebook.com/PangeaRE, www.linkedin.com/company/pangea-properties or on Twitter @PangeaRE.