Clark Brothers Capital Corporation is a Michigan corporation focused on acquiring, renovating and leasing single-family homes as rental properties. We commenced operations on May 1, 2014.
Our business objective is to use the rent collected from our rental properties to generate dependable, consistent and monthly cash dividends for our shareholders, with a target annual dividend yield of 7.5% based on an original share price of $100 per share (the share price as of January 1, 2019 is $107).
As of January 1, 2019, we, through our subsidiaries, owned sixteen properties -- thirteen single-family properties, one multi-family property and two multi-use properties. We have acquired this portfolio using only equity. We intend to use the proceeds raised from this offering, along with cash remaining after the payment of our targeted dividend yield, to continue to acquire and renovate single-family properties in Grand Rapids and other cities in West Michigan.
Our business management, acquisition, renovation and leasing functions are performed by Short South Realty Group, Inc. Information on Short South can be found at www.shortsouth.com.
- May 12, 2017, "Real estate investment firm raises $1M in funding," Grand Rapids Business Journal, http://www.grbj.com/articles/87966-real-estate-investment-firm-raises-1m-in-funding
- May 19, 2017, "Investment group raises $1M for Grand Rapids housing opportunities, https://mibiz.com/item/24821-investment-group-raises-