EQT Exeter acquires US residential property manager Redwood Capital | News

EQT Exeter acquires US residential property manager Redwood Capital Group (RCG).

EQT Exeter has agreed to buy the core-plus and value-add residential investment manager for an undisclosed sum.

RCG was founded in 2007 by David Carlson and Mark Isaacson. The company’s investments include deal-by-deal joint ventures on behalf of several institutional clients, including global fund sponsors, insurance companies and family offices.

The 35-employee RCG team will combine with EQT Exeter’s existing US multi-family team. Following the merger, EQT Exeter’s extended multi-family team will consist of around 55 investment professionals, in addition to RCG’s in-house property management team.

EQT Exeter said the new group will be led by Carlson, who will report directly to Ward Fitzgerald, director of EQT Exeter.

The integrated team is expected to pursue various residential strategies in areas such as multi-family housing, student housing, workforce housing and self-storage.

Fitzgerald said: “RCG’s strong cultural fit, impressive performance, aligned investment approach and similar commitment to sustainability make them ideal partners as we continue to establish EQT Exeter as a global leader in the geographic sector. in sheds, beds and medicines.

“Expanding our multi-family offering is a critical step in our growth, and this combination provides a fantastic opportunity to build on the significant track records of both our companies as we build one of the leading residential real estate businesses in the United States. -United.”

Carlson, said, “When Mark Isaacson and I founded RCG over 15 years ago, our goal was to create one of the industry’s leading real estate investment management platforms.

“We are proud of what our people, background and culture have enabled us to achieve and we believe that with this combination with the multi-family team at EQT Exeter and the support of EQT AB, we will continue to achieve this. vision.”

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