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Thursday, Feb 22, 2024
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REAL ESTATE: CHRIS MARSH

CO-FOUNDER, REVITATE CHERRY TREE

WHY: Former Irvine Co. apartment exec founded multifamily investment fund last year with members of the local Bhathal family. Aims to increase workforce housing in the Midwest and Sun Belt markets.

IN THE NEWS: Purchased first three assets as a part of multifamily fund launched in October, in Kansas and Kansas City, Mo.

QUOTABLE: Acquisitions are “indicative of Cherry Tree’s strategy to acquire and preserve traditional workforce housing communities in growing markets that have consistent employment growth and positive net in-migration.”

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