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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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.

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.

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.

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.

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.

The Editors's picture

Majority Of Rental Property Investors Are Small Entrepreneurs

most rental property investors and owners are small entrepreneurs

Most rental property investors and owners are small landlords who own five or fewer single-family rental housing units, according to a new study.

The study showed that landlords and real estate investors lease 44 million rental households that house about 60 million people across the U.S., according to a release from Real Property Management. The study found this means there are about 10 million real estate investors representing 98 percent of all rental property owners and about 80 percent of all rental properties.

“The single-family residential investment market has long been misunderstood and dismissed as only an option for those wealthy enough to use real estate investing as a business,” Bob Pifke, CMO of Property Management Business Solutions, LLC, the franchisor of Real Property Management, said in the release.

The Editors's picture

Colorado Developer To Build Luxury Apartments Atop Arizona Whole Foods Market

Colorado developer to build luxury apartments atop whole foods in Arizona

A new mixed-use project in Arizona will feature 286 luxury apartments on top of a Whole Foods Market 365 store near Arizona State University, according to a release.

The Forum Real Estate Group, based in Glendale, Colorado, is the developer of The Local  a luxury, multifamily development in the heart of downtown Tempe.

“Situated at the marquee intersection of University and Ash, adjacent to the Mill Shopping District, The Local is a celebration of authentic Tempe – the history, the culture, the music, the people,” according to a release.

The Editors's picture

South Seattle Apartments Sell For $109 Million

South Seattle apartments sold for $109 Million

A south Seattle 576-unit multifamily property, apartments that were acquired for $58 million in 2014, has sold for $109 million, according to a release.

Rock Creek Landing, a wholly-owned 576-unit multifamily property in Kent, Washington, was sold by Kennedy Wilson, a global real estate investment company. The cash proceeds of $73 million from this transaction were used to fund the previously announced acquisition of 90 East, an office campus in greater Bellevue.

 “This sale demonstrates our ability to leverage our vertically integrated investment platform to identify undermanaged investments where we can create value through the execution of our asset management program,” Shem Streeter, Managing Director of Kennedy Wilson Multifamily Investments, said in the release.

The Editors's picture

$217 Million In 5 Multifamily Sales Closed In Arizona In Two Weeks

Multifamily sales of $217 million in Phoenix metro

Two senior level investment advisors have closed five multifamily property transactions totaling $217 million and 1,699 units between May 30 and June 15 of this year in the Phoenix metropolitan area.

Steve Gebing and Cliff David, two senior managing directors of Marcus & Millichap’s Institutional Properties Advisors( IPA)division, closed the transactions

The properties sold in this period are:

The Editors's picture

Real Estate Investor Acquires 266-Unit Apartment Community In Denver Suburb

Real estate investor acquires apartment community in Denver suburb

U.S. real estate investor and operator Waterton has acquired Greenwood Plaza, a 266-unit rental apartment community located in the Denver suburb of Centennial, Colorado, approximately 15 miles southeast of downtown Denver.

“Greenwood Plaza is in a prime location near major employers, public transit and within walking distance to several strong retail centers including Greenwood Retail Plaza, Heritage Place Shopping Center and Arapahoe Marketplace,” Mark Stern, senior vice president of acquisitions at Chicago-based Waterton, said in a release.

“The Centennial community offers a great deal to its residents, including the expansive Cherry Creek State Park, golf courses, a state-of-the-art recreation center and the K-12 Cherry Creek School District, one of the highest-achieving districts in Colorado,” Stern said.


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