--- title: Private Real Estate Developers Stimulate 'Mister Rogers Effect' description: Neighborhoods that see the redevelopment of rundown properties experience short and long-term social and economic benefits according to our new report.  image: https://learn.upright.us/hubfs/Here%20Comes%20the%20Neighborhood%20Press%20Release.png --- [![Upright Real Estate Investment](https://learn.upright.us/hs-fs/hubfs/Upright_RGB_PrimaryLogo-2.png?width=175&height=42&name=Upright_RGB_PrimaryLogo-2.png "Upright Real Estate Investment")](https://upright.us/) [![Return Home >](https://no-cache.hubspot.com/cta/default/2129804/90add894-e0b2-4f0c-bc22-7c5b348dd1d7.png)](https://cta-redirect.hubspot.com/cta/redirect/2129804/90add894-e0b2-4f0c-bc22-7c5b348dd1d7) [Back to the Blog](https://learn.upright.us/real-estate-investing-blog) # Private Real Estate Developers Stimulate 'Mister Rogers Effect' September 26, 2023 | By [Upright](https://learn.upright.us/real-estate-investing-blog/author/upright) ***Housing redevelopment leads to healthier, happier neighborhoods, * *as well as economic benefits — new report*** **CLEVELAND, OH, September 26, 2023** – Neighborhoods that see the redevelopment of rundown properties experience short and long-term social benefits, as well as economic ones, according to a new report published today.  ![23_HereComesTheNeighborhood_v3_P_Page_01](https://learn.upright.us/hs-fs/hubfs/23_HereComesTheNeighborhood_v3_P_Page_01.jpg?width=250&height=324&name=23_HereComesTheNeighborhood_v3_P_Page_01.jpg)‘Here Comes the Neighborhood: The Economic and Social Impacts of Private, Residential Real Estate Developers’ is published by [Upright](https://upright.us/), a leading real estate development platform. Drawing on multiple authoritative industry and government data sources, as well as original research, the report shows: - **Development creates economic value:** New analysis shows that the values of comparable neighboring residential properties increase by between 4.8%-13.0% when new housing developments are undertaken, outpacing local market growth;  - **Development creates jobs:** One new job is created for every two new home sales, and 0.75 jobs for every $100K invested in rehabbing;  - **Development stimulates the local economy:** Small businesses such as shops and cafes are more likely to locate in streets where they are neighbored by attractive residential properties, rather than vacant or rundown buildings; - **Development leads to health and happiness:** As well as costing cities money and proving an eyesore, vacant and rundown properties increase crime rates, fire risk, and contribute to higher levels of anxiety among local residents; the enhanced visual amenity of a neighborhood may therefore be said to contribute to greater levels of health and happiness among local residents. Upright CEO, Matt Rodak says: “I have long been convinced that local, private real estate developers play a vital role not just in our economy, but in the life of our nation, and its neighborhoods. This research shows that each new housing development or rehab brings long-term economic benefits, and may also make local residents happier and healthier. We are calling this ‘The Mister Rogers Effect’.” Meeting the housing need The report also highlights the role that the nation’s 50,000 private real estate developers have in helping to meet the demand for housing. According to various estimates, there is a national housing shortage of between 3.8M and 6.8M homes, with a gap between demand and supply that grows every year.  “Not only can the major house builders not meet that demand,” says Rodak, “They are generally not interested in redeveloping individual properties. That’s where private real estate developers come in. They redeveloped or built more than 800,000 properties last year; that’s 800,000 homes that would otherwise not exist, or be unfit for purpose. We should be doing all we can to make it as easy as possible for this nation’s army of real estate entrepreneurs to redevelop and build more homes like this.” Upright, formerly known as Fund That Flip, was originally established as a means of enabling private real estate developers to access funding for their projects, and passive investors to enjoy the returns delivered by investing in residential real estate. The platform is now expanding to provide a comprehensive suite of services for active and passive investors alike, removing friction at every stage of the process, from finding investment properties, financing, construction and management, through to disposition.  The ‘Here Comes the Neighborhood’ report is available to download for free from [upright.us/neighborhood](https://learn.upright.us/hubfs/Public%20Relations/23_HereComesTheNeighborhood_v3_M.pdf). ### **About Upright** Upright (formerly Fund That Flip and FlipperForce) is an award-winning fintech platform that provides real estate investors with software tools to help them scale their businesses, capital to help them grow their portfolios, and passive income opportunities for accredited investors, all under one roof. With offices in New York City and Cleveland, Ohio, the company helps restore communities across the United States through its network of experienced, dedicated real estate professionals backed by a diverse base of institutional and individual investors.  - - - ### Returns up to 13% investing in real estate. Diversify your portfolio with short- or long-term investments, individual or pooled fund offerings, and hundreds of developers and project types throughout the U.S. [![Sign Up](https://no-cache.hubspot.com/cta/default/2129804/9beb5019-97e3-48ab-bc90-ee874cd213ac.png)](https://cta-redirect.hubspot.com/cta/redirect/2129804/9beb5019-97e3-48ab-bc90-ee874cd213ac) ### Loan commitments in about 24 hours, with pre-approval up to $5M to make winning bids. 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Investments are not bank deposits, are not insured by the FDIC or by any other Federal Government Agency, are not guaranteed by Fund That Flip, Inc. dba Upright, and may lose value.   Fund That Flip, Inc. dba Upright does not make investment recommendations and this message should not be construed as such. This message is not an offer to sell or the solicitation of an offer to buy any security, which can only be made through official offering documents that contain important information about risks, fees, and expenses. Any investment information contained herein has been secured from sources Fund That Flip, Inc. dba Upright believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefor. We recommend that you consult with a financial advisor, attorney, accountant, and any other professional who can help you to understand and assess the risks associated with any investment opportunity. If and when Fund That Flip, Inc. dba Upright is able to make investment opportunities available, only accredited investors who submit required verification will be able to invest.     **© Fund That Flip, Inc. dba Upright, 2024  | [Privacy Policy](https://www.upright.us/legal?tab=privacy-policy) | [General](https://www.upright.us/legal?tab=terms)[Terms of Service](https://www.upright.us/legal?tab=terms) [|](https://www.fundthatflip.com/terms-of-service) [Investment Terms of Service](https://www.upright.us/legal?tab=investment-tos)**     ![](https://www.facebook.com/tr?id=1484345195216823&ev=PageView&noscript=1) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Upright", "url" : "https://learn.upright.us/real-estate-investing-blog/author/upright" }, "dateModified" : "2023-09-26T13:10:00.685Z", "datePublished" : "2023-09-26T13:10:00.000Z", "headline" : "Private Real Estate Developers Stimulate 'Mister Rogers Effect'", "image" : [ "https://learn.upright.us/hubfs/Here%20Comes%20the%20Neighborhood%20Press%20Release.png" ], "mainEntityOfPage" : { "@id" : "https://learn.upright.us/real-estate-investing-blog/private-real-estate-developers-stimulate-mister-rogers-effect", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://learn.upright.us/hubfs/Upright_RGB_PrimaryLogo-1.png" }, "name" : "Upright" } } ```