Covering and Making the Market

RedHill targets and acquires QUALITY value-add and core-plus multifamily communities primarily in its WESTERN U.S. footprint. Our firm also has the capability to transact on special situational opportunities of scope and scale including portfolios, NATIONALLY.

With our professionals in place and boots on the ground, we access acquisition opportunities through our significant ON MARKET channels, and DIRECTLY with principals that choose to transact outside conventional marketed processes.

The company sources more than $1 BILLION in assets weekly through its established channels.

Our Markets

RedHill invests nationally, but most heavily in the Western United States and analyzes more than $1 Billion in market and off market offerings every week. RedHill has "boots on the ground" and significant channels in place to originate, to underwrite and to execute deals. The firm has immediate access to market intelligence and market channels beyond other competitors, and is experienced in adding value through problem solving, structured finance, and management efficiency.

Once we are committed to an acquisition, RedHill manages the complex origination process including due diligence with seamless execution, and certainty. We engage only in friendly transactions and work with talented management teams to achieve positive results.

RedHill’s Acquisition Targets

  Value+

  Regional scope
  C+ to B quality
  Vintage scope 1980-2000
  Middle-market
  Workforce housing
  65-70% leverage
  Cash flow stabilized
  Hold 3-5 years
  Intense interior and exterior renovations
  Focused property management
  Highest risk adjusted returns to investors

Core+

Regional scope
B+ to A- quality
Vintage 2010 or newer
Quality core-plus
Target metro regions
60-65% leverage
Cash flows and stabilized
Hold 5-7 years
Light interior and exterior renovations
Focused asset management
Moderately low risk and return threshold

Opportunity+

National scope
Market distress opportunities
Portfolio acquisitions
Asset recapitalizations
Comprehensive finance solutions including debt or preferred equity
GP venture formation
Development co ventures
High risk, high yield spectrum

Situational+

Third-party property and asset management
Portfolio acquisitions
Trade originations and facilitation
Development and construction management
Valuation, underwriting and consultation

RedHill's Acquisition Targets, Ranges and Markets

CLASS RANGE INVESTOR TYPE
SINGLE ASSET: VALUE-ADD

PACIFIC REGION:* WA, Seattle; OR, Portland; NorCal, including San Francisco Bay Area, Oakland, East Bay, San Jose; So. CA, including Los Angeles, Orange County, Inland Empire, San Diego.

INTERMOUNTAIN REGION: NV, Las Vegas, UT, Salt Lake City, CO, Denver, ID, Boise, NM, Albuquerque.

SOUTHWEST REGION: AZ, Phoenix, TX, including Dallas, Houston, Austin.
$20 - $100M Institutional & Private
SINGLE ASSETS: CORE-PLUS

WESTERN: Seattle, Portland, San Francisco Bay Area, Los Angeles, Orange County, San Diego, Denver.

CENTRAL: Dallas, Austin, Chicago.

EASTERN: New York, Washington DC, Baltimore, Boston, Miami.
$100 - $250M                                     Institutional & Separate Accounts
PORTFOLIO: VALUE-ADD AND CORE-PLUS

NATIONAL: Major and Secondary Markets; Pacific, Intermountain, Southwest, Central, Northeast, and Southeast Regions.
$250 - $750M Institutional & Separate Accounts

 
 
 
 
 
 
 
 

Acquisition Contacts

Single Asset Offering Submittals

Contact

Alex Pascale
SVP and Director, Investment Group
APascale@RedHill.com
858.350.1807

Portfolio or Major Single Core Acquisitions or Situational Opportunities

Contact

Russell Dixon
President & CEO
RDixon@RedHill.com
858.350.1801

For Information Regarding Dispositions

Contact

William Ballard
Chief Investment Officer
WBallard@RedHill.com
858.350.1803

For Information on Investment Services

Contact

David Jensen
COO & Managing Director, Capital Markets
DJensen@RedHill.com
858.350.1804