(Read more on the multifamily market.)
AGOURA HILLS, CA-Amcal Multi-Housing Inc. has launched a newdivision called Amcal Equities that will acquire, reposition anddispose of properties in the Western US. The multifamily specialisthas set a goal of investing $30 million in the first year and $50million in the second year of the new division's operations.
The new division is a response to Amcal's rapid growththroughout Northern and Southern California. The company, whichdevelops work force and low-income housing, plans through the newdivision to acquire existing income-producing properties that arecurrently underperforming or have significant added-valuepotential.
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