Dallas, TX – September 24, 2024 – RREAF Holdings LLC, a privately held real estate investment and development management firm, has successfully executed the sale of Beacon Hill Apartments, a 168-unit, value-add property located in Little Rock, Ark. This disposition delivered strong results to equity investors with an over 2.5x equity multiple and overall internal rate of return (IRR) in excess of 25%. Since the inception of RREAF’s Multifamily Platform in 2015, the firm has repeatedly executed over 18,000 units of value-add and newer vintage asset acquisitions and dispositions, irrespective of market conditions.
Beacon Hill was part of the Southeast Portfolio I, a four-asset multifamily portfolio that RREAF acquired in 2018. The other three assets in Southeast Portfolio I were previously sold, but RREAF elected to hold Beacon Hill due to its strong operational performance and belief in the Little Rock market. Since closing the Southeast I portfolio, RREAF has acquired over 13,500 units through three unique portfolio vehicles, specific to markets in the Sun Belt and Southeast regions of the country, while also successfully exiting approximately 7,000 units. The above-market performance and disposition of Beacon Hill resulted from the efforts of all divisions of RREAF Holdings; including RREAF’s in-house property management company, RR Living, as well as the trust and confidence that is placed in RREAF by its investors and capital partners.
“The successful disposition of Beacon Hill stands as a testament to the strength and resilience of RREAF’s ability to execute throughout the lifecycle of an asset,” said Kip Sowden, CEO of RREAF Holdings. “We are well-positioned to have a very active Q4 and 2025 by targeting well-located assets in high-growth markets that reflect RREAF’s commitment to delivering value to our investors and partners.”
RREAF will continue to focus on high-growth markets within the Sun Belt and Southeast region of the country and direct its efforts to acquire value-add and newer construction assets in business-friendly markets that present in-migration and strong supply-and-demand fundamentals.
For more information, please visit: https://rreaf.com/.
About RREAF Holdings
RREAF Holdings LLC (“RREAF”) is a privately held, vertically integrated commercial real estate company based in Dallas, Texas, with roots that go back nearly 40 years in the industry. RREAF focuses its portfolio of commercial real estate projects and development under five main verticals, catering primarily to middle America; a programmatic value-add multifamily acquisitions platform, opportunistic hospitality and resort acquisitions and development, large and highly amenitized master planned developments, acquisition / re-development of RV Resort Communities, and its ground-up extended stay hospitality development platform.
RREAF and its subsidiary companies employ over 500 people, specializing in a wide range of commercial real estate investment expertise: including in-house underwriting, due diligence, acquisition, asset management, property management, construction management, project development, accounting, and legal support. RREAF, along with its debt and equity partners have built a diversified portfolio in its core competencies in excess of $4.5 billion in AUM, across 16 states. Winner of the 2021 and 2022 Multifamily Operator of the Year Award and selected as an Optigo® 2022 and 2023 Select Sponsor, RREAF values its impact on local communities. RREAF’s mission is to enhance the lives of its investors, partners, residents, and guests by providing outstanding service, excellence, and expertise with integrity, vision, values, and purpose. For more information, please visit www.rreaf.com.
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SOURCE RREAF Holdings LLC
Disclaimer: Neither the investment/project discussed above nor any other past performance or investment outcome assures or guarantees any future investment/project performance.
