RENTCafe’s Adrian Rosenberg said, “Located in East Vallejo, ZIP code 94591 is the 4th largest Baby-Boomer hot-spot in the Bay Area. More than 80 percent of its residents live in single-family homes, in one of the most affordable sub-markets in metro San Francisco. Close to shopping and entertainment, the area has a 21 percent share of Baby Boomers, down by 11 percent over the last five years, when 23 percent of its residents (some 12,300) were Boomers.”

We believe we are well positioned to achieve organic growth through a combination or rent increases driven by strong market fundamentals, increasing operational efficiencies, and capital expenditure. We continue to identify and implement new opportunities and ideas to drive revenue in the near and long term by applying new and proven approaches of multifamily rental providers. We also see new opportunities to expand margins by centralizing administrative support and professional expertise. The teams of CPA’s, contractor’s, and attorney’s that we have employed and partner continue to optimize our platform. In addition, we intend to capitalize on highly fragmented markets by utilizing our unique acquisition capability and flexible balance sheet to make attractive investments.