RREAF Holdings LLC, a firm specializing in real estate investment and development management, has recently completed the sale of Beacon Hill Apartments. This property, located in Little Rock, Arkansas and consisting of 168 units with potential for value-add improvements, was sold successfully.
The sale yielded impressive returns for equity investors with an equity multiple exceeding 2.5x and an overall internal rate of return above 25%. The buyer was Monarch Investment & Management Group from Colorado who purchased the property at 1801 Reservoir Road for $11 million.
Beacon Hill Apartments were part of RREAF’s Southeast Portfolio I which included four multifamily properties acquired in 2018. Since then, RREAF has expanded its portfolio by over 13,500 units through three distinct vehicles targeting markets within the Sun Belt and Southeast regions.
According to Kip Sowden , CEO of RREAF Holdings: “The successful sale of Beacon Hill is a testament to our team’s ability to execute effectively throughout all stages of asset ownership.” This achievement showcases RREAf’s strength and resilience as a leader in real estate investment management.
