Vision For 2030
NMHC & NAA have issued a recent study indicating unprecedented demand for apartments has reached an all-time high with nearly 39 million people in the US as current renters—1 in 8. The research shows that demand will grow substantially by 2030—with the need to build 4.6 million units to meet that demand and control the cost of housing. The attached report can be downloaded for review, compliments RedHill.
Leading market qualities
RedHill has acquired another prime California Apartment Community—Solterra at Civic Center, in Norwalk, Los Angeles. Solterra is the second acquisition in the RedHill-Shelter Venture alongside Tokyu Land. Solterra is a 192 unit, fully amenitized property which RedHill will upgrade and reposition to meet market potential. RedHill will continue to acquire assets in dynamic transit-based locations that have components for growth.
RedHill Realty Investors and Los Angeles-based Shelter Asset Management acquire a 208-unit multifamily community from Stratford Partners. The garden-style community is situated in the Deer Valley Corridor – one of the Phoenix MSA’s most expansive employment hubs. RedHill plans on implementing an extensive interior and exterior capital expenditure program to better position the asset in the submarket.
RedHill is a Private Equity Investor and Operator specializing in the Multifamily Sector. Since 2005, the firm has represented numerous private investors, family offices and institutional partners investing nationally—with execution focused predominantly in the Western United States. RedHill’s formula for adding investment value includes a full complement of capabilities within an Integrated Platform, including Acquisitions, Joint Venture Formation, Fund Management, Asset and Property Management Services. The company offers investors access to quality institutional grade opportunities on a recurring basis and is customized to provide investors with capital preservation, cash flows, and high market-risk adjusted returns. The company is led by national legacy leaders with experience transacting Billions in related disciplines and possessing a cross section of expertise and skills. These combined capabilties establish the RedHill competitive edge and ultimately provide superior execution to its clients.