Ryan Watts shares his impressive journey in co-founding a firm that focuses on build-to-rent projects. He reflects on personal growth through the pandemic and highlights a notable affordable housing development in Oklahoma City. The conversation dives into the complexities of partnerships, particularly within family dynamics. Exciting developments in Centerville and Kansas City reveal the firm's future aspirations. Additionally, the value of mastermind communities for networking and collaboration is emphasized, showcasing the power of relationships in real estate.
Ryan Watts discusses the strategic shift from oil and gas to build-to-rent projects, focusing on efficient capital raising while utilizing operational expertise.
Red River Development aims to expand its footprint in the rental market by launching three significant projects in Ohio, Texas, and Kansas City.
Deep dives
Fund Manager Opportunities
There is a unique opportunity for fund managers who prefer to focus solely on capital raising while leaving operations to others. A deal has been launched in Phoenix, Arizona, specifically designed for those looking to engage in real estate investments without the operational burdens. This approach allows investors to leverage existing expertise by partnering with operational teams that handle the complexities of investment management. By concentrating on fundraising, managers can maximize their efficiency in navigating the real estate market.
Background of Red River Development
Red River Development was co-founded in 2020 by Ryan Watts and partners who bring diverse expertise in senior living and construction. Their combined experience helps the firm manage over 500 million in assets under management and more than 1,700 units effectively. The decision to launch the firm stemmed from their desire to introduce a reliable approach to real estate investments post the oil and gas ventures Ryan was involved in. Partnerships among the founding team promote collaboration and operational efficiency, ultimately driving the firm's success in the competitive market.
Upcoming Projects and Future Vision
Red River Development is actively pursuing new projects to expand its footprint in the built-to-rent sector. Three significant developments are planned, with one in Centerville, Ohio, one in Waco, Texas, and another in Kansas City, aimed at meeting the increasing demand for rental properties. The focus remains on growing the brand and continuing to deliver quality living spaces while maintaining robust project management. Looking ahead, the firm aims to solidify its position within the rapidly evolving built-to-rent market, which is still seen as having great potential for future growth.
Ryan Watts shares his journey in co-founding Red River Development, a firm specializing in build-to-rent projects.
From oil and gas to affordable housing and capital markets, Ryan dives into recent wins, including LIHTC deals and exciting developments in Ohio, Texas, and Kansas City.
Tune in to hear about Red River's growth and Ryan’s insights into partnerships, family business dynamics, and the RaiseMasters community.