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| Annette Thurman |
LAGUNA NIGUEL, CA – Raintree
Partners, a private commercial real estate investment company that acquires,
develops and redevelops multifamily and mixed-use properties in California, has
announced a recent growth milestone accompanied by an expansion of its
acquisitions and operations team.
“We have been extremely active in
the market in recent months, increasing our existing portfolio by 25 percent,”
explains Aaron Hancock, Managing
Director of Raintree Partners. “We now
own nearly 5,000 units throughout California, and we continue to actively
acquire assets that meet our investment criteria.”
Hancock notes that Raintree’s
acquisitions team has recently widened its scope to include smaller properties
ranging from 25 units and larger.
“We focused on larger assets for
many years, however the market has shifted and we’re nimble enough to shift
with it,” says Hancock.
“We continue to draw upon our expertise in this
multifamily niche in order to identify acquisition and development
opportunities where we can create and maintain long-term value.”
In addition to expanding its
portfolio, Raintree is launching an intensive renovation program for its
existing assets, with plans to implement more than $23 million in capital
improvements portfolio-wide in 2017.
 |
| Ian Couwenberg |
“As property operators with an owner’s perspective, we recognize the opportunity to improve our assets strategically in order to grow rents, drive ongoing occupancy, and create the best resident experience possible,” explains Jason Check, Managing Director for Raintree Partners.
To maintain its active acquisition
pace while conducting this capital improvement campaign, Raintree has added two
industry veterans to its team, Ian
Couwenberg as Director of Acquisitions, and Annette Thurman as Senior Director of Asset Management.
“Ian and Annette are
seasoned professionals with the critical skills to continue our forward
momentum while maintaining our high standards of excellence,” explains Check.
Ian Couwenberg brings a
wealth of industry experience to Raintree.
Most recently serving as Vice President of Acquisitions and Dispositions
for Sack Properties, Couwenberg began his career as a multifamily broker for
CBRE, and has also been the Director of Investments at Equity Residential and
Assistant Vice President of Acquisitions at Archstone Smith.
Annette Thurman boasts
nearly two decades of experience in commercial real estate. Most recently, she
served as Senior Vice President, Northwest at Alliance Residential Company,
where she oversaw 82 assets consisting of nearly 20,000 units. She also served in senior positions at
Riverstone Residential and Fairfield Residential, LLC. In her new role, Thurman will oversee
Raintree’s capital improvement program and spearhead all asset management
initiatives.
For a complete copy of the company's news release, please contact:
Elisabeth Manville/Jenn
Quader
Brower, Miller & Cole
(949) 955-7940
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