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February 2, 2022
Affordable housing investor Kairos Investment Management Company is taking a contrarian approach to investment in 2022. As part of that strategy, the firm is targeting two unlikely, San Francisco and Las Vegas, which Jonathan Needell, president and chief investment officer of the firm says fit the company’s investment profile.
“We carefully research and consider market conditions to identify areas offering great potential for investment that are often overlooked or disregarded by other investors,” Needell tells GlobeSt.com. “Our contrarian approach allows us to identify niche markets where we see growth opportunities, such as supply-constrained markets, markets with below-asking rental rates, or areas where vacancy rates are low but on the road to recovery.”
San Francisco and Las Vegas—two cities that aren’t normally grouped together—fit that profile, says Needell. “Both of [the cities] have been negatively impacted by the pandemic,” he explains.
San Francisco has already started its recovery cycle, with both apartment and office demand beginning to return in the second half of the year. “We believe it is destined to recover soon as the city known as an innovation hub,” says Needell, describing the city’s recovery as a rollercoaster. “Companies continue to safely bring back employees to the office and large-scale employers continue to set up offices in the Bay Area.” Needell points to the example of Facebook parent Meta signing a 1 million-square-foot lease in the market in early December.
* The information contained herein is for general, informational purposes only and is not intended to constitute an offer to sell or buy any securities or other assets or promise to undertake or solicit business, and may not be relied upon in connection with any offer or sale of securities or other assets.
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Kairos Investment Management Company is an Equal Opportunity Employer and, as such, does not discriminate in employment on the basis of an applicant or employee’s race, ethnicity, ancestry, national origin, color, sex, pregnancy (or related medical conditions), childbirth, family status, gender, gender identity or gender expression, age, religion, marital status, sexual orientation, disability, medical condition, military or veteran status, reproductive health decision making, or any other protected classification or characteristic under applicable federal, state or local law. Kairos will not discriminate against an applicant or employee who has one or more protected classifications, is perceived or regarded as having one or more protected classifications, or is associated with someone who has one or more protected classifications.
Kairos Investment Management Company will also provide reasonable accommodations to applicants and employees who may need such accommodations in connection with employment with Kairos on the basis of their disability, religion, status as a victim of domestic violence or pregnancy. An applicant who needs an accommodation in order to pursue employment with Kairos should contact Human Resources at HR@KIMC.com to request such accommodations. Kairos will engage in a good faith interactive process with the applicant to explore accommodations that will be effective, reasonable and not create an undue hardship.
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