Cresta Doubles Its Acquisition Volume for 2017

Reuben Robin is the co-founder of Cresta Properties.

LOS ANGELES—If allocations are any indication, we are in for a strong year. Cresta Properties is one example of companies ramping up acquisition volumes in 2017. This year, the firm is nearly doubling its acquisition volume with plans to expend $350 million and focusing on opportunistic transactions.

The firm says that emerging markets and increased demand is fueling the boost this year. Cresta will look for opportunities across the country, as it has in the past. “We invest and have invested along all asset classes and will continue to do so,” Reuben Robin, co-founder of Cresta Properties, tells GlobeSt.com. “We are eager to continue on our top-heavy value-add multifamily strategy in major markets, but will continue to buy high street destination retail in L.A., San Francisco, and New York and in A+ office markets that have a creative demand and are dense and urban.”