- Investment Sponsors
- RK Properties
Investment Sponsor
According to its website, Rance King Properties Inc dba RK Properties is a Delaware corporation that has specialized in multifamily investments since 1976. Rance King Securities Corporation is a California corporation that was formed in 1984 and acts as the placement agent for investment products sponsored by RK Properties. Both RK Properties and Rance King Securities Corporation are owned by William Rance King, Jr., who is both a registered FINRA Principal and a multi-state licensed real estate broker. They have over 3,900 units under management across 18 properties. RK currently has a portfolio with a market value that is over $1 billion. More than 143 of the programs have gone full cycle. JRW is not affiliated with RK.
Investments Offered by RK Properties
- 14 Offerings
- 0 Open
- 0 Preferred
- 0 Full Cycle
Offering Status: Closed
| Investment Name | Type | Conclusion | Annual Cash Flow | Inv. Date | Full Cycle |
|---|---|---|---|---|---|
| Avli at Crosstown Center | DST | Reviewed | 4.09% | 1626332400 July 15, 2021 | Active |
| Berewick Pointe | DST | Reviewed | — | 1559372400 June 1, 2019 | Active |
| Grandview at Clear Pond | DST | Reviewed | 3.79% | 1648710000 March 31, 2022 | Active |
| Haven Pointe at Carolina Forest | DST | Reviewed | 4.06% | 1615791600 March 15, 2021 | Active |
| One White Oak DST | DST | Reviewed | — | 1532329200 July 23, 2018 | Active |
| Pointe at Greenville | DST | Reviewed | 4.02% | 1622530800 June 1, 2021 | Active |
| Pointe at Lake Crabtree | DST | Reviewed | — | None | Active |
| Riverstone | DST | Reviewed | 3.10% | 1658732400 July 25, 2022 | Active |
| RK CODA | DST | Reviewed | 4.11% | None | Active |
| RK Pointe at East Shore | DST | Reviewed | 3.45% | 1641024000 Jan. 1, 2022 | Active |
| RK Pointe at Prosperity Village | DST | Reviewed | 4.10% | 1571641200 Oct. 21, 2019 | Active |
| RK Pointe at Research Park | DST | Reviewed | 4.25% | 1607932800 Dec. 14, 2020 | Active |
| Sonata Apartments | TIC | Reviewed | — | 1451289600 Dec. 28, 2015 | Active |
| Trailside Verdae | DST | Reviewed | 3.96% | None | Active |
You can check the background of our registered principals and representatives on FINRA's BrokerCheck.
Important Disclosures
Diversification does not assure a profit or guarantee against the potential loss of your investment.
Risks associated with investing in Real Estate include, but are not limited to, the following: cash distributions are not guaranteed; real estate is illiquid; risks associated with owning, managing, operating and leasing commercial real estate property; conflicts of interest among the asset management, the property manager and associates; the possibility that the property may be overleveraged; tax risks; interest rate risks; economic risks; risks of terrorism; environmental risks; liability risks; zoning, city ordinance, and or legal compliance risks; title and escrow risks; flood risks; fire risks; credit risks; and risks of obsolescence.
1031, 1033, and 721 Exchanges: Substantial fees and expenses could be incurred and there are strict timing limitations (for example, if the transaction is not properly constructed and executed in a timely manner, then an investor may lose all tax benefits of such transaction and may also incur taxes associated with depreciation recapture.). 1031 and 1033 exchanges involve exchanging investment real estate for investment real estate, and thus the illiquidity from one transaction to the next remains the same. 721 exchanges involve exchanging real estate for units in an operating partnership generally associated with a Real Estate Investment Trust (REIT). If the operating partnership units are not publicly traded, then the transaction may have resulted in greater diversification, but the same level of illiquidity. If a 721 exchange is not executed properly, it could result in a loss of tax deferral and a recapture of depreciation. Ultimately, 1031, 1033, and 721 exchanges generally involve exchanges into additional investment real estate or operating units that are collateralized by investment real estate and are thus subject to the same risks that apply to real estate.
Risks associated with investing in a Delaware Statutory Trust (DST) or DST private placement transactions include, but are not limited to: the inability of the DST owners to actively manage the property, inability to refinance at the end of a loan term without the use of a separate, springing LLC, and the risk of not meeting requirements for 1031 or 1033 exchange tax treatment. Additionally, DST private placements are ultimately collateralized by real estate and are subject to the same risks that apply to real estate.
Risks associated with investing in a Tenant-in-Common (TIC) or TIC private placement transactions include but, are not limited to: the inability of the DST owners to actively manage the property, potential difficulties with refinancing at the end of a loan term without the use of a separate, springing LLC, and the risk of not meeting requirements for 1031 or 1033 exchange tax treatment. Additionally, TIC private placements are ultimately collateralized by real estate and are subject to the same risks that apply to real estate.
Risks associated with investing in Non-Traded Real Estate Investment Trusts (REITs) and Real Estate Funds include, but are not limited to: the inability of the REIT shareholders to actively manage the properties in the REIT, illiquidity until an exit or public event (which may not happen and is not guaranteed), risks associated with management and investment banking execution, etc. Additionally, non-traded REITs are ultimately collateralized by real estate and are subject to the same risks that apply to real estate.
Alternative investments and private offerings involve a high degree of risk, can be highly speculative, and may result in the loss of principal invested and are not suitable for all investors.
Securities, when offered, are offered by Lighthouse Capital Group, LLC. Representatives of Lighthouse Capital Group, LLC do not offer legal or tax advice. Please consult with your attorney or tax advisor prior to investing.
Securities offered through Lighthouse Capital Group, LLC. Member FINRA/SIPC.
As an expert in real estate investments, I can provide a comprehensive understanding of the information presented in the article about RK Properties and their investment offerings. The details reveal a well-established history and a significant portfolio in the multifamily investment sector. Let me break down the key concepts mentioned:
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RK Properties Background:
- RK Properties, also known as Rance King Properties Inc, is a Delaware corporation specializing in multifamily investments since 1976.
- Rance King Securities Corporation, formed in 1984, acts as the placement agent for investment products sponsored by RK Properties.
- Both entities are owned by William Rance King, Jr., who is a registered FINRA Principal and a multi-state licensed real estate broker.
- They manage over 3,900 units across 18 properties with a portfolio exceeding $1 billion in market value.
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Investment Offerings:
- The article lists 14 offerings from RK Properties, providing details on the investment name, type, conclusion, annual cash flow, investment date, and full cycle status.
- Examples of active offerings include Avli at Crosstown Center, Berewick Pointe, Grandview at Clear Pond, Haven Pointe at Carolina Forest, among others.
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Performance Metrics:
- Annual cash flow percentages are provided for some offerings, indicating the expected returns for investors.
- Notably, the article mentions that more than 143 programs have gone through a full cycle.
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DST and TIC Investments:
- The investments include Delaware Statutory Trusts (DST) and Tenant-in-Common (TIC) structures.
- Each investment is reviewed, and some are currently active, while others have gone through a full cycle.
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Important Disclosures and Risks:
- The article emphasizes the importance of checking the background of registered principals and representatives on FINRA's BrokerCheck.
- Various risks associated with real estate investments are highlighted, including illiquidity, cash distribution uncertainties, conflicts of interest, and specific risks related to 1031, 1033, and 721 exchanges.
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Legal and Tax Considerations:
- The article cautions about the potential fees and expenses associated with 1031, 1033, and 721 exchanges.
- Risks associated with investing in Delaware Statutory Trusts (DST), Tenant-in-Common (TIC), and Non-Traded Real Estate Investment Trusts (REITs) are outlined.
- It advises consulting legal or tax advisors before investing.
In summary, RK Properties appears to be a significant player in the real estate investment sector, offering a diverse range of investment opportunities with detailed information on performance metrics and associated risks. Investors are urged to conduct thorough due diligence and seek professional advice before making investment decisions.
