RAM RE Investments II, which targets equity investments with homebuilders and residential land developers nationwide, invests in first transactions in California.
New York – May 15, 2017 - RAM Real Estate Capital, LLC ("RAM"), announces the launch of RAM RE Investments II and the concurrent first investments for the fund, three projects in the Bay Area in California. RAM is also under due diligence for additional investments in the Bay Area, Atlanta, Jacksonville, Phoenix and Salt Lake City.
In its first two years of operations since January 2015, RAM successfully invested its committed capital in Fund I. In the first quarter of 2017 (Q1 2017), RAM sought and obtained interest from several groups to fund its future pipeline.
RAM is a real estate investment firm focused on equity investments in residential land development, home building and multi-family development joint ventures. RAM deploys its capital to aid builders and developers in achieving their growth objectives in a capital constrained environment. The firm will continue the investment strategy employed in Fund I as well as expanding its focus to other value add asset classes and opportunistic investments.
“Despite some perceived headwinds, seven years into the recovery we still see demand outpacing supply. In 2016, we had only 1.2M new housing starts versus a historical average of 1.6M and 2.1M at the peak” says RAM CEO and Managing Partner Rodney Montag.
John Lincoln, RAM’s SVP and Partner adds, “we are in a period of strong job growth, rising wages, historically low interest rates and unemployment and remain cautiously optimistic about the housing industry and overall economy”.
Although the housing market has made significant improvements in the past eight years, there continues to be a lack of equity and debt capital targeting the AD&C asset class.
RAM is seeking investments with strong builders across the United States in markets that are poised to outpace the rest of the nation in job creation and new home permits. RAM will also consider opportunistic investments in secondary markets.
About RAM Real Estate Capital, LLC
Founded in 2014 by industry veterans Rodney Montag and John Lincoln, RAM Real Estate Capital provides equity to homebuilders and residential land developers through joint venture structures. RAM was established to take advantage of the slow but steady recovery of the U.S. housing market and to aid homebuilders and developers in achieving their capital growth objectives despite the cash-constrained environment. RAM is headquartered in New York with affiliated offices throughout the United States. For more information on RAM, visit www.RamReCapital.com.