A national commercial real estate private equity firm focused on the acquisition and repositioning of institutional-quality value-add and core-plus multifamily properties
A national commercial real estate private equity firm, RM Communities is an owner-operator focused on the acquisition and repositioning of institutional-quality value-add and core-plus multifamily properties
RM Communities has grown its real estate portfolio to include nearly 2,100 multifamily units and over $338 million in real estate1 with a fully dedicated team of acquisitions, underwriting, and asset management professionals.
|Property||MSA||No. Of Units||Year Built|
|Terrace Hill2||El Paso, TX||310||1983|
|La Privada||El Paso, TX||240||1982|
|The Hamptons||Virginia Beach, VA||212||1973|
|Pohlig Box Factory & Superior Warehouse||Richmond, VA||93 & 7,700 Retail SF||2004|
|Lubbock Medical Office Building||Lubbock, TX||20,880 SF||1966|
|Turtle Creek||St. Louis, MO||128||2018|
|The Orion||Detroit, MI||200||1995|
|Kings Landing||St. Louis, MO||152 & 9,229 Retail SF||2005|
|Minnehaha Meadows||Vancouver, WA||49||2021|
|Roosevelt Commons||Vancouver, WA||36||2020|
|Bentley Apartments||Columbus, OH||138||2020|
|Sherwood Oaks||Tampa, FL||199||1984|
|Haverfood Place||Lexington, KY||160||2001|
|Edison Apartments||Portland, OR||64||2020|
|Ridgeline View Townhomes||Vancouver, WA||50||2022|
|Brookside Apartments||Raleigh, NC||68||1986|
◆ Multifamily (50+ units preferred) and Mixed-Use
◆ $10 Million+ Purchase Price
◆ Class A & B Assets
◆ Primary, Secondary and Tertiary Markets
◆ Value-Add & Core-Plus
Date Acquired: 5/31/2019
Purchase Price: $18,700,000
An affiliate of RM Communities acquired this 310-unit apartment property in May, 2019. The business plan was to make capital improvements to the exterior of the building and renovate a majority of the units to bring rents up to market, which at sale, was projected to generate a property-level IRR of 17.4%.
In the subsequent months, 219 of the 310 units were renovated and all renovated units were successfully leased, achieving an average premium rent rate of $134/month over the prior rent rates.
Based on this strong execution of the business plan which drove a 23% increase in the rental rate, the affiliate of RM Communities was able to successfully sell the property resulting in a 23.1% property-level IRR, a 1.53x equity multiple and 5.3% average cash-on-cash return for investors.2
Living Room Before
Living Room After
About Our Sister Company RealtyMogul
RealtyMogul is a leading online technology platform for real estate investing with the mission of empowering investors to build a diversified real estate portfolio.
The RealtyMogul approach blends personalized service, proven business discipline and data-driven insights. This empowers RealtyMogul’s 280k+ members to create their own real estate portfolios.
RealtyMogul members have collectively invested over $1 billion in capital into more than $6.9 billion of real estate nationwide, including over 37,000 investments made since inception and as of July 31, 20233
1 References made to the RM Communities portfolio includes four properties that were acquired prior to the formation of RM Communities. Consequently, these assets are managed by an affiliate and are included as part of the RM Communities portfolio as a result of being acquired and managed by the same executive leadership and according to the same investment strategy employed by RM Communities.
2 The Terrace Hill asset was acquired and managed by an affiliate of RM Communities. That affiliate is under the same executive management and employs the same investment and asset management strategies as RM Communities. Terrace Hill is the only deal in the portfolio to have gone full cycle
3 Capital invested includes: (i) common equity investments in real estate companies and funds; (ii) fixed income investments including preferred equity, senior debt, and mezzanine debt in connection with the acquisition or refinance of commercial real estate; (iii) residential debt investments in connection with financing the acquisition, improvement/renovation, and sale of single family homes; and (iii) loans originated for sale which include non-fractionalized loans sold to institutional buyers. Includes capital that has been deployed by, as well as material amounts of committed but undeployed cash held by, affiliated and unaffiliated real estate companies and funds, including cash in real estate funds that has been returned from completed investments. Certain investments are made by Realty Mogul, Co. or its affiliates. This information should not be used as a basis for an investor’s decision to invest. Investment opportunities on the RealtyMogul Platform are speculative and involve substantial risk.