RHJ Investor

RHJ Investor is the department of Rental Housing Journal that speaks specifically to the interests and needs of real estate investors and apartment owners. Whether you're part or a REIT (real estate investment trust) , independently own large apartment communities, are a small landlord with 1 or 2 rental homes or choose to fix and flip, RHJ Investor is a great source for information. This site features how-tos and best practices for buying and selling property, real estate taxes, choosing property management and maintenance vendors, 1031 excahnges & TICs, apartment financing, budgeting and much more.

RHJInvestor.com is sponsored by National REIA

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Mon
18
Sep
The Editors's picture

10 Rules To Successful Multifamily Syndication Investing

10 Rules To Successful Multifamily Syndication Investing

This week blogger and veteran investor, Vinney Chopra, talks about multifamily syndication investing and his 10 rules to success.

By Vinney Chopra

If you want to know what you need to start investing in successful multifamily syndications, I can help.

My wealth of knowledge and success in real estate investing for more than 40 years can help with your education in multifamily syndication investing.

10 rules to successful multifamily syndication investing

I have completed more than 25 syndications.  Here is what I practice daily that has helped lead me to success as a multifamily syndicator today:

Fri
08
Sep
The Editors's picture

Out Of State Investors Target Multifamily In Salt Lake City Area

out of state investors target multifamily housing in salt lake city area

A commercial real estate investment firm has announced the sale of Lionsgate, a 15-building, 400-unit multifamily complex in Murray, Utah, according to a release.

 The property sold for $67.25 million, which represents more than $168,000 per unit, according to the release from Marcus & Millichap.

“Out-of-state investors continue to target multifamily assets in Salt Lake City and some have refined their focus to include areas south of the city such as Murray where vacancy is lower and rent growth is above average,” Danny Shin, senior vice president investments in Marcus & Millichap’s Salt Lake City office, said in the release.

 Shin represented the seller, a local owner, and procured the buyer, a Seattle-based investor.

Mon
28
Aug
Richard Montgomery's picture

7 great reasons to invest in smaller multifamily real estate

7 great reasons to invest in smaller multifamily real estate

Are smaller multifamily buildings a better fit for many real estate investors than larger multifamily commerical buildings? This week veteran real estate investor Richard Montgomery, who knows real estate investing, from up-close, get-your-hands-dirty rehab to armchair investing using your self-directed IRA as your funding vehicle, takes on this question from a reader:

Sun
20
Aug
The Editors's picture

The Story Of A Multifamily Investment Winner

The story of a multifamily investment winner by Vinney Chopra

This story of a multifamily investment winner began with discussions about buying an apartment complex that had suffered extensive fire damage in one of the 16-unit buildings in a 156-unit apartment complex in Freeport, Texas in 2014.

By Vinney Chopra

The fire, at the Sienna Villas Apartment Homes, was caused by two kids playing with match sticks in the closet in the upstairs of a middle apartment. It quickly got out of hand. Fortunately no one died and everyone got out quickly. The complex was originally built in 1978 and had no sprinkler system.

The owners of the complex, who lived in the San Francisco Bay Area, decided after collecting the insurance money that they would like to consider selling the complex to us, and they dropped the price. They explained there had been poor management of the complex and they would like to not own this asset as it required extensive rehab.

Wed
16
Aug
The Editors's picture

Inland Group Purchases Another Colorado Multifamily Property

Inland group purchases another Colorado multifamily property

Inland Real Estate Acquisitions, Inc. has negotiated and helped close the purchase of Black Feather Apartment Homes, an 83-unit Colorado multifamily property located in Castle Rock, a southern suburb of Denver.

Located directly off I-25 in a major retail corridor of Castle Rock, the property was constructed in 2016 and features a mix of townhome, three-story walk-up apartments and owned condominium units.

The transaction consisted of 48 two-bedroom, 32 three-bedroom and three four-bedroom apartments with 49 detached and 28 attached garages and 131 open parking spaces.

Each unit at Black Feather Apartment Homes features nine-foot ceilings, stainless steel appliances, granite countertops and a full-size washer and dryer. The property also provides residents with access to a community swimming pool, clubhouse and barbecue areas

Thu
10
Aug
The Editors's picture

Multifamily Zero Energy Communities In New Arizona Real Estate Fund

New Arizona fund features multifamily zero energy communities

A Scottsdale, Arizona firm has opened a new $100 million commercial real estate fund that includes multifamily zero energy ready communities plus access to grow wealth with ownership in apartments, hotels, office, self-storage and similar properties for accredited investors, according to a release.

The fund will invest in “middle market” U.S. commercial real estate assets that can deliver attractive risk-adjusted return through a combination of current income and capital appreciation, following a similar strategy of the company’s previous commercial fund, which was closed one year early, over-subscribed.

Tue
08
Aug
The Editors's picture

Multifamily Joint Venture Acquires $90 Million San Diego Community

Multifamily joint venture acquires san diego apartments

A Los Angeles-based multifamily joint venture firm has bought 519-unit Eagles Point apartments in Escondido for $90 million with plans to upgrade the property, according to a release.

Allstate Insurance, in a multifamily joint venture with TruAmerica Multifamily, made the acquisition, according to a release.

Escondido is one of the fastest growing cities in North San Diego County. Over the past five years, its population has grown by 6.3% percent and is projected to grow by an additional 5.4% by 2021, according to FastReport.

With fewer than 14,000 rental units and only two projects totaling 275 units in the construction pipeline, the city’s multifamily inventory is not close to keeping pace with its tremendous growth, according to Greg Campbell, TruAmerica’s Senior Managing Director of Acquisitions and Dispositions.

Mon
31
Jul
The Editors's picture

Multifamily Market Will Hit Records In 2017 As Investors Return

Multifamily market will hit records in 2017 led by the West Coast metros

West Coast markets will dominate the top 10 on gross income growth in 2017 for themultifamily market, led by Seattle, Sacramento, Tacoma, Portland and Colorado Springs, according to the Freddie Mac Multifamily Research Group’s mid-year outlook.

Outlook authors Steve Guggenmos and Sara Hoffmann find that the multifamily market will continue to grow for the rest of 2017 and into 2018.

Tue
25
Jul
The Editors's picture

Apartments In Upscale Arizona Neighborhood Sell For $71 Million

Phoenix, Tucson Apartments Sold

The Arcadia Cove Apartments in Phoenix, acquired for about $40 million in 2013, have sold for $71.5 million, according to a release.

The 432-unit complex was sold to BH Equities of Des Moines, Iowa, according to Bascom Arizona Ventures who completed the sale for $165,509 per unit. Arcadia Cove, built in 1996, is located at 2252 N. 44th St.

Thu
20
Jul
The Editors's picture

Real Estate Trust Buys Portland Apartments For $75 Million

Portland apartments purchased for $75 million

Jory Trail at the Grove, a complex of Class A apartments in the Portland, Oregon suburb of Wilsonville has been purchased for $75 million, according to a release.

The purchase was made by JLL Income Property Trust, an institutionally managed, daily valued perpetual life REIT, according to the release.

Wilsonville is a thriving suburb of Portland that features a robust apartment market, low market vacancy and no multifamily units under construction or planned in the submarket. Jory Trail has 324 units and is 95% leased, according to the release.

 The suburb is located along the I-5, providing access to some of greater Portland's major employment centers and is home to Xerox, Mentor Graphics, Rockwell Collins and Tyco.

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