REDS accomplished one of the largest LP acquisitions in the country last year and now has an article in the Spring Edition of the Affordable Housing News Magazine with an overview of this amazing task. Check out the online magazine here, or view the article PDF here. Either way, we hope you enjoy the read to see what REDS has been so busy working on in the last year!!
REDS participated again this year in the NAHRO Pacific South West Conference in Sacramento CA, where we sponsored an exhibitor booth and mingled with local and state wide Housing Authorities and other industry leaders. Stay tuned for more conference dates and then visit our booth to discover how REDS can assist you and your agency with your affordable housing finance and development goals. We hope to see you there!
REDS is also proud to be speaking at the upcoming NH&RA Spring Developers Forum in Marina Del Rey. Our team will be presenting during the event along side some of the top multifamily developers exploring the latest developments in areas of debt and equity marketplaces, federal and state policy changes and more. Visit NH&RA for more details.
Austin Herzog, President of REDS will also be speaking at the NH&RA Asset Management Symposium being held in Arlington VA in June of 2016. This is proving to be a very exciting and expanding year for Real Estate Development Services and we hope you will join us in our journey.
Juniper Terrace, Yreka, CA
Juniper Terrace, a 55-unit senior USDA community, recently underwent an extensive rehabilitation that was completed in December 2015. Residents will now benefit from many upgrades to their units including those to improve energy efficiency. One of the upgrades to the property is a new picnic shelter with barbecue and seating areas providing residents with an outdoor gathering space. REDS provided development and finance consulting and monitored the construction and stabilization processes.
REDS was recently a Sponsor and Presenter at the The Pacific Southwest Regional Council of NAHRO May Conference in sunny San Diego, California, partnering with the Fresno Housing Authority to give a presentation on Housing Development Finance in the Post-RDA World. You can find a copy of our presentation here. We learned about a myriad of information related to Section 8, RAD, Administrative Regulations, Compliance, planning for the future with limited resources, and lots more. We are eager to share our experiences along with the knowledge we gained at the conference with our partners and clients.
Kings River Commons, Reedley, California
Construction for this 60 unit multifamily community was completed on October 17, 2014 and was 100% occupied by October 31, 2014. The project was delivered ahead of schedule and under budget.
Harvest Park Apartments, Chico, California
REDS provided finance and development consulting and worked closely with architects and engineers in designing the final development design and monitored the entire construction process. Overseeing this new 90 unit multifamily housing developments lease up within 4 months of construction completion.