Robert Palley - Focused on Distressed Real Estate Projects
Robert Palley is a longtime Chicago real estate entrepreneur who seeks out undervalued opportunities as principal of Granite Realty Partners, LLC (GRP). Robert Palley has extensive experience in the profitable rehabilitation and repositioning of condominiums and apartments amid shifting markets. His team works to eliminate burdensome ownership structures and find ways of creating attractive, viable, rentable units.
In 2021, Mr. Palley and GRP invested in a distressed Tallahassee, Florida, project involving owner-occupants who had neglected the property. When plans to sell the property as student housing condos failed, many units were foreclosed on. At this point, GRP moved in and was able to place more than 100 units with sellers. In the process, Mr. Palley’s team identified buyers who allowed flipping of the property, generating an average $13,000 profit per unit while providing apartments at a rate substantially below current market values.
A golf enthusiast in his free time, Mr. Palley also follows NFL football and is a longtime fan of the Pittsburgh Steelers.
Robert Palley on Wordpress
Robert Palley on MyStrikingly
Robert Palley on Medium
In 2021, Mr. Palley and GRP invested in a distressed Tallahassee, Florida, project involving owner-occupants who had neglected the property. When plans to sell the property as student housing condos failed, many units were foreclosed on. At this point, GRP moved in and was able to place more than 100 units with sellers. In the process, Mr. Palley’s team identified buyers who allowed flipping of the property, generating an average $13,000 profit per unit while providing apartments at a rate substantially below current market values.
A golf enthusiast in his free time, Mr. Palley also follows NFL football and is a longtime fan of the Pittsburgh Steelers.
Robert Palley on Wordpress
Robert Palley on MyStrikingly
Robert Palley on Medium
