With financing difficult and most owners reluctant to sell, few large multifamily projects change hands these days. But when they do, Del Mar Heights-based RedHill Realty Investors LP is there to make the play.
"While the U.S. real estate market is under severe distress, there may never be another opportunity to acquire U.S. assets at such discounted levels," said Russell Dixon, RedHill president and CEO. "This opportunity will create significant wealth over the next 12 to 36 months ... and most investors will sit on the sidelines as this transition occurs."
RedHill is a private equity real estate firm specializing in opportunistic multifamily housing investments. It owns -- either by itself or in partnership -- more than $1.5 billion in multifamily properties throughout the United States.