Real estate investment firm Rastegar Property Co. has launched a $200 million private investment trust to invest in vintage multifamily assets throughout the Sunbelt.
Vintage multifamily assets combine certain elements of Class A, B, and C multifamily properties and are typically heavily renovated Class C assets in a city's urban core amongst Class A properties. Generally, they attract Class B-level rents.
Rasetgar's REIT will renovate, reposition, re-lease, and/or develop vintage assets throughout the Sun Belt region, a sweeping area whose high growth potential makes it favorite among multifamily investors. The region consists of 18 states covering the lower third of the US and includes seven of the 10 largest cities in America.
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