Trulo Homes, a roughly $25 million rental home community being built in Jenks, is the creation of Red River Development, a company started two years ago by Steven Watts; his brother, Ryan Watts; and Jay Dempsey. Trulo has the backing of Southern California-based equity firm Monument Square Investment Group.

A partnership between Monument Square Investment Group (“MSIG”) and Red River Development (“RRD”, jointly the “JV”), has acquired an entitled 25.21-acre multifamily development site in Bentonville, AR. The project will mark the partnership’s third investment under its broader programmatic platform.

Monument Square Investment Group (“MSIG”) has recently promoted Matt Doherty to Managing Director, Investments. Matt Doherty is an integral leader on MSIG’s investment team, and is responsible for managing the investment process by overseeing the sourcing, origination, diligence, and execution of portfolio investments.

A partnership between Monument Square Investment Group (“MSIG”) and Graceada Partners (“Graceada”, jointly the “JV”), has acquired a 36,000 NRSF light industrial warehouse in West Sacramento, CA (the “Project”). The Project marks the partnership’s third investment under a broader portfolio aggregation strategy.

A partnership between Monument Square Investment Group (“MSIG”) and Graceada Partners (“Graceada”, jointly the “JV”), has acquired a two-building small-bay light industrial portfolio in Ceres, CA totaling 130,916 NRSF (the “Project”). The Project marks the partnership’s second investment under a broader portfolio aggregation strategy with a follow-on acquisition projected to close in mid-July 2022.

A partnership between Monument Square Investment Group (“MSIG”) and Graceada Partners (“Graceada”, jointly the “JV”), has acquired a three-building small-bay light industrial portfolio in Sacramento, CA totaling 101,944 NRSF. The project will mark the partnership’s first investment under a broader portfolio aggregation strategy with additional acquisitions projected to close in July 2022.

During the pandemic, the South Bay has emerged as one of the most enticing markets for developers and investors. In 2021, 333 multifamily properties sold in the market, up from 198 the year before, according to data from CBRE Group Inc. Also in 2021, 26 office buildings traded hands, up from 21 the year before.

Kris will primarily be responsible for the diligence, market research, and financial analyses of prospective investments across the firm’s investment verticals. Kris will work closely with the firm’s senior investment professionals, investment committee, and asset management team throughout the investment cycle of the firm’s portfolio.

The shopping center formerly known as City Place—then The Streets and then City Place again—has yet another new name: Mosaic. A name change would be incomplete without new branding, which has been plastered on windows along Fourth Street between The Promenade and Long Beach Boulevard.

A partnership between Monument Square Investment Group (“MSIG”) and Red River Development (“RRD”, jointly the “JV”), has acquired an entitled 23.92-acre multifamily development site in Oklahoma City, OK. The project will mark the partnership’s second investment under its broader programmatic platform.

Nate will primarily be responsible for overseeing the investment process and diligence/analyses on prospective investments for the firm’s opportunistic equity platform. Nate will manage the investment analysts and associates and will work closely with the firm’s executive management team to ensure the seamless execution of MSIG’s portfolio.

Multifamily properties in Long Beach have been in high demand. The occupancy rates for apartments in the area was 97.1% as of the third quarter of 2021, the highest in 11 years of research provided by Newmark Group Inc. That gain is despite 421 new units being delivered to the market.