April 10, 2017
Laguna Niguel, CA-based Raintree Partners increased its multifamily portfolio by 25% in recent months, and added to its team to support that growth. Part of that increase can be attributed to its recent widened scope to include smaller multifamily properties ranging from 25 units and larger. Its previous focus was solely on larger assets.
Raintree’s Aaron Hancock said, “We now own nearly 5,000 units throughout California, and we continue to actively acquire assets that meet our investment criteria.”
The expansion of its acquisitions and operations team includes the addition of two CRE industry veterans. Ian Couwenberg joins as Director of Acquisitions from Sack Properties, while Annette Thurman comes on as Senior Director of Asset Management from Northwest at Alliance Residential Company.
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