Phoenix American has announced its new fund administration relationship with alternative investment management firm RealSource Properties.
Phoenix American will support the RealSource Multifamily REIT with its industry-leading investor services platform featuring the STAR-XMS shareholder management/transfer agent system. RealSource will benefit from Phoenix American’s advanced technology, focus on customer service, and long experience with the operational challenges specific to alternative investment real estate funds.
Founded in 1989, RealSource is a Salt Lake City–based real estate investment company providing acquisitions, asset management, day-to-day property management and detailed reporting for investors. The company has built a national multifamily portfolio currently consisting of 11 properties valued at approximately $425 million, after launching RealSource REIT in May 2021.
RealSource acquires and