The following is an excerpt from Fundfire:
RAM is underwriting deals in the Southeast, Texas, and the East Coast, and expects to pursue more institutional investor capital in the future. "The housing market is still at the very early stages of recovery," Montag says. "It's taken longer than everybody expected, but we think a longer, smoother recovery is a good thing for investors like us. We're nowhere close to getting to the historical average number of permits, forget the peak. The housing market has a long way to go."