Cleveland for Sale
These houses caused problems for Cleveland tenants and neighbors. The landlords were 4,000 miles away in Sweden.
Swedish investors sunk money into more than 100 Cleveland houses, believing rental income would follow. Cleveland residents paid the price.
If you live in Cleveland, you’ve heard about problems with landlords who live out of town or even out of state. But what about landlords who live 6,000 miles away?
Signal Cleveland spent months digging into one network of overseas investors. The paper trail led from Cleveland all the way to Sweden. Clevelanders paid the price. Landlords were unreachable. Homes were boarded. Others caught fire. Many of the homes were sold at a loss to the next investor.
Signal Cleveland investigation
A Swedish company sold Cleveland as a plum real estate deal. Investors and residents say they were left to clean up a mess
A Swedish network of investors bought more than 100 houses in Cleveland. Within a few years, most got out.
Signal Cleveland traced 160 properties bought and sold in Cleveland by one out-of-town company. Here’s what we learned.
We traced property transactions linked to one real estate investment network from here to Sweden to show the impact on Cleveland neighbors.
How we reported our story on Swedish real estate investors
Signal Cleveland spent months tracing business and property records to understand what happened when Swedish investors became Cleveland landlords.
Signal Cleveland traced the landlords of 100 Cleveland area rentals to Sweden. Find out what we learned.
Signal Cleveland analyzed hundreds of property records, business records and more to understand the impact of one network of international investors.
Signal Cleveland Government reporter Nick Castele spent months digging hundreds of property sales involving overseas buyers to understand the impact on Cleveland neighborhoods.
Signal Cleveland Director of Research & Impact April Urban analyzed sales and conditions for 160 Cleveland properties to understand how large-scale investor networks impact the city.