RealSource Properties has launched its REIT.
The $390-million RealSource Properties REIT targets multifamily properties, with 10 properties already owned and with more in the pipeline. Utilizing the firm’s vertically integrated business model, assets in the REIT will be managed by the same value-add real estate strategy now deployed at RealSource multifamily assets nationwide. RealSource’s in-house team of economists, researchers, and acquisition specialists source viable investments. Then its team of asset-management professionals manage and operate the assets identified for the acquisition.
“We believe there may be no better time for RealSource to launch a multifamily investment vehicle than now due to the favorable fundamentals being experienced in specific markets across the United States. When we apply our local real estate cycle econometrics and knowledge to ascertain which markets are quickly recovering from the pandemic, it is clear to see that demand for