Kevin Finkel Finkel: “One of the things we’re doing is buying those older apartments and renovating them, putting capital back into them to help them feel new and modern, but working class people can afford them.”

SOUTHERN CALIFORNIA—With not enough apartment supply to meet demand and most multifamily development going to high-end urban product, redevelopment of older suburban stock could be the answer, Resource Real Estate’s EVP Kevin Finkel tells GlobeSt.com. The Philadelphia-based firm has invested in the Southern California market, owning Point Bonita Apartment Homes in Chula Vista and Yorba Linda Apartment Homes in Yorba Linda.