Even through the pandemic and market downturn, Raintree Partners is confident in its apartment investment strategy. The firm targets assets in Southern California growth markets, and recently acquired a five-property $142 million portfolio. The deal illustrates the firm's market perspective.

"Over the past few months, we've seen activity pick up significantly. We are confident in our strategy to focus solely on targeted, growing submarkets in Southern California that offer a high quality of life and access to major employment hubs," Mathew Barbiasz, VP of acquisitions at Raintree Partners, tells GlobeSt.com.

The five-property portfolio is the firm's third multifamily portfolio acquisition in 18 months. The assets are located in Glendale, Hollywood, Canoga Park and Camarillo and total 551 units. "All five properties, while well maintained by the previous ownership, offer significant upside potential," says Barbiasz. "Further, Raintree Partners had an existing portfolio of multifamily communities within three of the four submarkets where these assets are located, allowing us to leverage our relationships and experience in these locations. With this acquisition, we were also simultaneously able to enter Canoga Park with two properties, instantly amassing economies of scale."