RK Properties has been providing investors with opportunities in apartments since 1976. Having exclusively been in the apartment investment business over the last 40 years, RK Properties finds itself without many peers. At South Coast, we believe that for the right client an allocation to apartments can provide stable tax-advantaged income with opportunity for appreciation. The anticipated housing shortage is expected to drive rents to unprecedented levels throughout the current decade, and we’ve identified RK Properties as a partner who can help us take advantage of this opportunity.
RK as a company has grown considerably since the 1970’s buying properties for family and friends to a client base of over 3,500 investors today. Through all of those years, the investment thesis has remained constant, RK looks for properties that are under-managed and not performing to their full economic potential. These may include apartment complexes with dated exteriors or the lack of certain modern amenities. Such properties, although structurally sound, can often be acquired at discounted prices. Upon acquisition, RK’s skilled in-house staff undertakes the upgrading process after which a rent increase program is instituted. This aggressive rehabilitation program has allowed RK to raise the average annual rents on its properties, often at a rate well in excess of the average for apartments and inflation.
John Freeborn, Director with RK, will be joining South Coast to discuss where we are in the current apartment cycle and which markets offer the most opportunity for success. RK currently offers Opportunity & Income Funds as well as 1031 exchange options for our clients. This lunch will cover these offerings in greater detail.