Kairos Targets Markets Similar to Glendale for Affordable Housing

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.

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* 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.