RedHill Realty Investors

We’re happy to announce the promotion of Baylor Brimmer to Vice President of RedHill’s Investments Group. Congratulations Baylor! #leadership #mulitfamilyinvesting #cre #multifamily #investments 

Celebrating the unveiling of Solas Glendale’s Clubhouse Renovations!  Councilmember and mayoral candidate for the City of Glendale, Arizona Jamie Aldama attended the ribbon-cutting ceremony, along with Glendale Chamber of Commerce - Arizona of Commerce representatives, Greystar regional team, RedHill’s VP of Construction Management, Dominic Cardenas, and several other important parties (including residents). RedHill has teamed up with Greystar to co-manage and revitalize this asset.  Thank you to Haley Kerns, Angelica Gasca, and the whole Greystar team for being key players on this project with us! Clubhouse renovations included creating a luxury inspired fitness center that overlooks the new resort-style pool area, and the conversion of two racquetball courts to make space for more amenities.  The new clubhouse also features a resident lounge with fireplace, full-service business center, recreation room, fresh kitchen, screening room, and several outdoor gathering areas. We’re excited to offer Solas residents an improved living experience with attractive amenities that provide a sense of community. #multifamily #cre #valueadd #assetmanagement #multifamilyinvesting First photo by Glendale Chamber of Commerce 

Addressing the Growing Concern of Rental Housing Fraud A recent report by National Multifamily Housing Council highlights a concerning surge in fraudulent activities impacting rental housing costs. This is a growing economic threat that contributes to both the growth in rents and number of evictions. Application fraud leads to accumulation of bad debt for rental housing providers, increases operational expenditure costs, and fuels the housing affordability crisis.  NMHC surveyed rental housing providers and found that 93.3% reported experiencing fraud in the past twelve months. Read the full article here: https://lnkd.in/g2M8ek8K We at RedHill believe it's important to engage in collaborative efforts to reduce the impact of application fraud on the cost of rental housing. Notably, our SVP of Asset Management Shauna Carson works together with property managers to minimize risks and deleterious impacts associated with fraudulent rental applications. “Redhill has been tracking the growing trend across its portfolio since early 2023.  This is the highest priority for Redhill.  We are engaging best practices to mitigate application fraud, including the use of technology and other recommended tools.” -Shauna Carson, SVP of Asset Management #RentalHousing #FraudPrevention #PropertyManagement #AssetManagement #CRE 

The RedHill team is looking forward to attending National Multifamily Housing Council (NMHC)’s 2024 Annual Meeting from January 30 - February 1, 2024 at the Manchester Grand Hyatt in San Diego. If you are going, please reach out to one of our team members who will gladly schedule a time to meet during the event. We are eager to discuss our upcoming offerings, investment strategies, and explore opportunities to collaborate and partner. Russell Dixon William Ballard Zach Markell Shauna Carson Chris Grey Baylor Brimmer Jake Robbins #NMHC #MultifamilyRealEstate #AssetManagement #CRE #RealEstateInvesting 

RedHill’s Chief Executive Officer Russell Dixon and VP of Capital Markets Chris Grey will be at the 2024 Annual Winter Forum on Real Estate Opportunity & Private Fund Investing hosted by Information Management Network (IMN), which is just around the corner.  Please reach out if you're interested in connecting during the event and exploring avenues for potential collaboration or partnership opportunities. You can also find us on the IMN Events App to arrange a meeting. We're excited to connect with you all at the event! #IMNevents #commercialrealestate #investmentstrategies #multifamily #privateequity 

The RedHill team wishes you a happy holiday season! May the new year bring success, growth, and prosperity for us all.

Navigating the Changing Tides of Real Estate: Rising insurance costs comprise a larger share of operational expenses (OpEx) nationwide, particularly in states that have significant FEMA flood risks. A CBRE insights article and map below show the basis point (bp) increase in insurance costs as a share of total OpEx compared to the FEMA Risk Index at the state level. Notably, Florida has seen a 440 bp increase in insurance costs since Quarter 2 of 2018, while California insurance costs increased 370 bps over the same period. Both states well exceed the national average of 240 bps.   Growing insurance costs directly influence the bottom line, affecting property management and overall asset performance. It underscores the urgency for a proactive and adaptive operational strategy that addresses both the immediate challenges and long-term sustainability of real estate investments.  At RedHill, we recognize the need for innovative solutions. We're actively exploring sustainable building practices, leveraging technology for risk mitigation, and fostering partnerships that enhance the resilience of our portfolio. Read the full article here: https://lnkd.in/gYsnigYi #OpEx #Multifamily #RealEstateInvesting #AssetManagement #CommercialRealEstate