"At first, Greg and Colin Cleghorn's approach involved acquiring distressed properties (usually at auction), renovating them, and leasing to tenants, followed by refinancing for further acquisitions, but once the brothers from Syracuse, NY, saw a need in the commercial space, they decided to pivot. Their success stemmed from a strategic shift to the commercial market driven by the rise in e-commerce."
"The Cleghorn brothers, founders of IronHorn Enterprises, transformed $1 homes into a $200 million real estate empire by venturing from residential to commercial properties."
"The brothers capitalized on the growing demand for warehouse spaces, leading to significant expansion and major deals in industrial properties."
Greg and Colin Cleghorn founded IronHorn Enterprises and transformed $1 homes into a $200 million real estate empire by moving from residential to commercial properties. The brothers initially acquired distressed residential properties—often at auction—renovated them, leased them to tenants, and refinanced to fund additional purchases. Observing a rise in e-commerce, they pivoted toward commercial industrial assets, especially warehouse space. The shift targeted growing demand for logistics and storage facilities, enabling rapid expansion and large industrial transactions. IronHorn combined value-add residential experience with strategic commercial repositioning to capture market-driven warehouse demand.
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