𝐀𝐩𝐫𝐢𝐥 𝟐𝟎𝟐𝟒 – $𝟔𝟗.𝟑 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐍𝐞𝐰 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 – 𝐀 𝐑𝐞𝐜𝐨𝐫𝐝 𝐌𝐨𝐧𝐭𝐡 𝐟𝐨𝐫 𝐑𝐨𝐲𝐚𝐥 𝐎𝐚𝐤
In anticipation of future opportunities, Royal Oak strategically accelerated equity raising in 2023 to build up meaningful “dry powder” to capitalize on what we believed would be a more favorable marketplace in the coming months.
We anticipated an upcoming window where all-cash, well-capitalized buyers would see a substantial increase in real estate opportunities as the pool of buyers shrank in the face of higher interest rates and decreasing access to financing.
We are pleased to report that this thesis has been validated so far in 2024. As we have mentioned, we successfully closed three transactions last month totaling over $69 million – making April 2024 the most productive and successful month for acquisitions in the history of Royal Oak.
If you are interested in learning more about investment opportunities with Royal Oak, please visit the link below for additional information.
https://lnkd.in/gfpkPrU