HOUSTON, April 3, 2017 /PRNewswire/ -- Multi-family real estate executive Greg Finch has founded a real estate investment and operations company called Hilltop Residential. The company acquires and renovates multi-family real estate assets in Texas and the southern U.S. that have strong market potential.
Finch is the former co-founder and president of Venterra Realty, a company that manages a portfolio of Class A- multi-family real estate properties located in five states. He has completed more than $4.2 billion in multifamily transactions. Finch led the team involved in the purchase of more than 100 properties and 25,000 multi-family apartment units in Texas and the southern U.S.
"We formed Hilltop to achieve two specific goals," said Finch, who serves as president. "First, we will provide excellent risk-adjusted returns to our investors by targeting properties that will produce cash flow and steady capital appreciation. Second, we will enhance the multi-family properties we acquire to provide exceptional living environments and communities for our residents. Our team has proven experience to excel at both."
Finch said that home ownership rates in the U.S. have been declining for decades and there is a continued propensity to rent, rather than to own. He believes markets will steadily increase rents over the long term producing consistently strong returns in the multi-family sector.
"Multi-family real estate has a well-established track record of outperforming most other institutional grade commercial real estate asset classes," said Finch. "Through the years we have seen that multi-family assets have delivered a relatively rare combination of higher returns and lower risks and volatility than other real estate."
Joining the executive team of Hilltop Residential as vice presidents are Max Monzon, formerly of Raintree Resorts International, Inc., and Brad Kosley, formerly with Cushman & Wakefield.
Finch said Hilltop Residential will invest in cities and neighborhoods with strong demographics and positive employment growth. The company will begin to identify Class A or B properties in the Houston area and throughout Texas. Target properties are well located, built in 1990 or later, and can be renovated to meet current high standards associated with exceptional multi-family Class A communities.
About Hilltop Residential
Headquartered in Houston, Hilltop Residential provides investors with tax-deferred income and capital appreciation by acquiring and renovating multi-family properties located in the southern United States. Hilltop invests in cities and neighborhoods with strong demographics and positive employment growth. For more information, visit www.livehilltop.com.
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SOURCE Hilltop Residential