Modern Home Builder - Fall 2017 - 95

Realty Center Management

" Our forte is turning decent acquisitions into big cash cows for our investors."
DAVE MERCER, CEO

Realty Center Management's portfolio includes nearly 9,800 apartment units and some office buildings in California, Texas and Louisiana.

Rising
Renovator

Realty Center Management Inc. turns
underperforming apartment properties into
long-term cash cows. BY TIM O'CONNOR
PROFILE
REALTY CENTER MANAGEMENT
www.rcmi.com / Headquarters: Culver City, Calif. /
Specialty: Real estate management / Employees: 375

When laws and regulations change, companies invested in
the status quo have two options: to get out or go all-in. An accounting company formed Realty Center Management Inc. (RCMI) in
1984 to manage a group of real estate holdings that served as a tax
shelter for clients. When rules regarding eligibility for depreciation
changed, the properties no longer carried the same tax benefit so
RCMI changed its focus to managing the properties to create value.
"The biggest adjustment we've made is emphasizing more value-added acquisitions as opposed to cookie-cutter-type stuff,"
CEO Dave Mercer says. The company's portfolio has grown to
nearly 9,800 apartment units and a handful of office buildings in
California, Texas and Louisiana. Most were underperforming multifamily buildings in good areas that RCMI purchased to improve.

ADDING VALUE

The company's success stories include the Overlook at Blue Ravine in Folsom, Calif., a 512-unit development built in the 1970s.
Fall 2017 www.mhb-magazine.com

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Table of Contents for the Digital Edition of Modern Home Builder - Fall 2017

Contents
Modern Home Builder - Fall 2017 - Cover1
Modern Home Builder - Fall 2017 - Cover2
Modern Home Builder - Fall 2017 - 1
Modern Home Builder - Fall 2017 - 2
Modern Home Builder - Fall 2017 - Contents
Modern Home Builder - Fall 2017 - 4
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Modern Home Builder - Fall 2017 - Cover3
Modern Home Builder - Fall 2017 - Cover4
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol7issue4a
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol7issue3
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol7issue3b
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol7issue3a
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http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol7issue2b
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol7issue2a
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol7issue1
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol7issue1b
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol7issue1a
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http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol6issue2
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_vol6issue1
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_2018winter
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_2017fall
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_2017summervol3
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_2017summervol2
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_2017summervol1
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http://www.nxtbook.com/nxtbooks/knighthouse/mhb_2017winter
http://www.nxtbook.com/nxtbooks/knighthouse/mhb_2016fall
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http://www.nxtbook.com/nxtbooks/phoenix/mhb_2016spring
http://www.nxtbook.com/nxtbooks/phoenix/mhb_2016winter_v2
http://www.nxtbook.com/nxtbooks/phoenix/mhb_2016winter
http://www.nxtbook.com/nxtbooks/phoenix/mhb_2015fall
http://www.nxtbook.com/nxtbooks/phoenix/mhb_2015springsummer
http://www.nxtbook.com/nxtbooks/phoenix/mhb_2015winter
http://www.nxtbook.com/nxtbooks/phoenix/mhb_2014fall
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http://www.nxtbook.com/nxtbooks/phoenix/mhb_2014spring
http://www.nxtbook.com/nxtbooks/phoenix/mhb_2013fall
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