STAMFORD, CT-Officials with RiverOak Investment Corp. Inc. say that the firm has reached an agreement to invest $2 million into a fund that is in the midst of acquiring approximately 150 or more homes in handful of middle class communities in New Jersey and Connecticut.

RiverOak is investing in Redbrick Partners Fund 2, a fund developed by Washington, DC-investment management firm Redbrick Partners LP. The investment, which will be funded equally by RiverOak Fund II and RiverOak Fund III, will support the Redbrick fund’s acquisition of homes valued at approximately $70,000 that rent for approximately $1,000 per month.

“This is an investment opportunity that requires an intense level of hands-on local market research and individual, personal inspection of each property,” RiverOak Investment managing director George Yerrall says. “This is congruent with our own philosophy of capitalizing on local market knowledge and experience, while choosing assets that institutional investors avoid.”

He adds that to his knowledge there is no other investment fund in the US that allows individual investors to buy shares in a diversified portfolio of single-family rental homes. Yerrall says that the concept is popular in Great Britain.

Company officials say the RiverOak will be an “unpromoted” investor, receiving a straight percentage return on its investment in Redbrick. “We only make wholesale priced investments regardless of the investment vehicle,” Yerrall notes.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.