Aug
19
BH Properties Completes $120M in Acquisitions
ByWith 2,000 attendees and an outstanding speaker lineup, you can’t afford to miss RealShare APARTMENTS in Los Angeles on October 21-22.
Steve Gozini: “We would like to keep that momentum going and close another $120 million in acquisitions by the end of the year.”LOS ANGELES—BH Properties racked in $120 million in acquisitions in 2Q15, marking a record quarter for the value-add investment company. During the quarter, it added 2.97 million square feet to its nationwide portfolio. The purchases were in nine states, Arizona, California, Colorado, Georgia, Iowa, Maine, Tennessee, Texas and Utah. The firm’s success shows that, while we have clearly hit peak market conditions, there are still significant value-add opportunities out there. To gain perspective on the evolving value-add market, learn how the company is staying competitive and how it sees the remainder of the year unfolding, we sat down for an exclusive interview with BH Properties president Steve Gozini. Here, he tells us about the value-add market and how the firm’s investment strategy is designed to keep up with competition…
