Gould Investors L.P. (“Gould”), RRG's lead investor and operating partner, has a six-decade track record of success producing strong and safe returns for its investors. Gould and its affiliates have founded a variety of niche real estate businesses and currently manages two publicly traded REITs.Rainbow is the next iteration of Gould’s decades long tradition of success finding niche opportunities where returns exceed relative risk.
Gould Investors Trust converted into a REIT
Gould Investors L.P., converted into a master limited partnership (MLP)
Gould took over OLP, a firestone tire and rubber captive REIT.
Gould invests in EPR and OLP, stadium theater portfolio
Gould enters the cannabis industry by financing a NJ cannabis license winner
RRG Fund I is formed with $54M AUM
RRG Fund III is formed as a joint venture with a family office
Gould took over Berg Realty Trust (BRT) and converted it into a mortgage REIT
Gould has multiple profitable investments in NYC co-ops
BRT transformed into multifamily REIT
RRG is formed: Gould begins financing real estate for U.S. cannabis
RRG Fund II is formed with $51M AUM
Gould Properties Inc., a diversified New York city real estate portfolio, is founded with a public offering
Gould acquires Bayside Fed, Bankers Fed and Bank of Great Neck. Public to private
RRG Fund I
RRG formally launched its first fund in 2019, after 6 years of experience investing in the space. RRG “Fund I” has $54M AUM and, as of Q3 2023, is fully deployed. The fund is only 12% levered, assisting our position of being insensitive to interest-rate fluctuations.
RRG Fund II
RRG launched its second fund in 2021, continuing off the success of the inaugural fund. RRG “Fund II” has $51M AUM and as of Q4 2023 is 100% deployed. Fund II utilizes a similar strategy as Fund I investing across different real estate asset classes.
Projected 17% IRR
60% Senior Mortgages
Projected 18.5% IRR
80% Senior Mortgages
RRG Fund III
RRG launched Fund III in 2023 as a joint venture with a large family office.
Projected 18% IRR
100% Senior Mortgages
Gould Investors L.P.
Gould Investors L.P. is a master limited partnership that owns and operates a diversified portfolio of real estate assets located throughout the United States exceeding $2.5B worth of assets. Unlike many real estate investors, Gould is focused on long-term value creation over short-term returns. Gould is the largest investor in Rainbow and Gould’s Executive Board comprises Rainbow’s Investment Committee. Gould is the controlling shareholder of NYSE: OLP and NYSE: BRT.
One Liberty Properties
One Liberty Properties (NYSE: OLP) acquires, owns and manages a diversified portfolio of net leased assets in the United States. OLP owns over 120 properties in 40 states across the U.S. OLP’s portfolio is 60% industrial, 30% retail and 10% flex. OLP has a 34-year track record of success investing capital for Gould and outside investors.
BRT Apartments Corp. (formerly known as BRT Realty Trust) is a REIT trading on the New York Stock Exchange (NYSE: BRT) that is focused on investing directly and through joint ventures acquiring existing multifamily properties, and to a limited extent ground up development of multifamily apartments. BRT has a 40-year track record of success investing capital for Gould and outside investors.
Majestic Property Management
Majestic Property Management Corp. was founded in 1978. Majestic is a privately-held real estate organization specializing in management, contracting, and leasing of properties. Majestic Manages 15 residential properties, 10 commercial properties, and 8 retail properties.