Cleveland serial entrepreneur Brent Zimmerman has joined forces with Rhove, the "Robinhood of real estate," to offer fractional ownership of The Washington, a recently renovated historic lodging property in Sandusky, Ohio.
Rhove Real Estate 1 LLC has created its Rhove app to enable people to invest as little as $1 in tourism and other commercial real estate in their communities, the Columbus, Ohio-based company said in a statement.
A company controlled by Zimmerman, best known for founding Saucy Brew Works, the craft beer brewer and distributor in Cleveland's Ohio City neighborhood, owns the Sandusky lodging property, according to Erie County and state documents."
Whether it is a multifamily rental property or a craft brewery, we are passionate about building spaces where community happens," Zimmerman said in Rhove's statement.
Because Zimmerman's development company already owns The Washington, "partnering with Rhove is truly about the social benefits of community ownership," Zimmerman said.
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