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Ridge Capital Investors Acquire BrentwoodMF Complex for $19.6 Million

San Francisco, CA – October 3, 2012 – Ridge Capital Investors, LLC has acquiredTownCentre Commons Apartments, a 137-unit apartment community in Brentwood,California for $19.625 million. TownCentre Commons was developed in two phases in1991 and 1997 and is located in the newly revitalized downtown area of Brentwood, inclose proximity to the recently completed Civic Center, Oak and First Street shops andthe award-winning Liberty High School.

Over time, the company will invest an additional $1 million to renovate the 97% leasedproperty and its amenities. FPI Management, Inc. will manage day to day propertyoperations on behalf of the company.

“This investment represents an opportunity for Ridge Capital Investors and ourpartners to purchase a well-leased, high quality Bay Area property at a compellingbasis”, commented Trevor Wilson, managing director of Ridge Capital Investors, LLC.

This is the third investment for Ridge Capital Investors in the last 12 months andrepresents the first investment it has made with capital partner Redwood Real EstatePartners of Rancho Santa Margarita, California.

Ridge Capital Investors, LLC, a real estate investment and operating firm located inSan Francisco, CA, invests in multi-family and commercial properties throughout theBay Area and the Pacific Northwest. Founded by Trevor Wilson, formerly withBroadreach Capital Partners, LLC, and principals Scott Kotarba and Thomas Daniels,the company focuses on opportunities where it can create significant value bycapitalizing on the investment team’s collective experience in over $2 billion of real

OCTOBER 3, 2012 by PUBLISHER in NEWS RELEASES

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estate investment and development over the past 18 years.

Headquartered in Rancho Santa Margarita, California, Redwood Real Estate Partnersis a privately-owned entrepreneurial real estate investment and asset managementcompany founded by Carl Chang and the Chang Family. Redwood Real EstatePartners capital investment comes directly out of the $250 million Redwood-KairosReal Estate Fund III which is a co-mingled private equity fund comprised of high networth individuals, endowments and The Chang Family.

Tagged Brentwood, Multifamily, Ridge Capital Investors

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Ridge Capital Investors Acquire Brentwood MF Complex for $... http://news.theregistrysf.com/ridge-capital-investors-acquire-br...

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