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Wrong Ryan Somers?

Ryan J. Somers

Vice President of Multifamily Sales and Acquisitions

RK Properties Inc

HQ Phone:  (800) 677-7333

Direct Phone: (562) ***-****direct phone

Email: r***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

RK Properties Inc

3737 E. Broadway

Long Beach, California,90803

United States

Company Description

RK Properties ("RK") has been providing private equity opportunity funds since 1976. Each fund is designed with a unique structure through Limited Liability Companies (LLC's) which provide a diversified portfolio of value-add real estate. The funds are designe... more

Find other employees at this company (106)

Background Information

Employment History

President

Benedict Canyon Equities


Web References(17 Total References)


Leadership Team of Benedict Canyon Equities

www.bceproperties.com [cached]

Ryan Somers
Ryan Somers President & CEO (424) 325-2727 With 20 years of real estate acquisition experience that includes over $1.6 billion of multifamily transactions, Ryan Somers has been integral to the genesis and success of BCE's Fund I and Fund II, raising $11.2MM and $26MM of equity, Read More »


www.rkprop.com

Ryan SomersVice President, Acquisitions & Dispositions Property Management


Management Profiles

www.rkprop.com [cached]

Ryan SomersVice President, Acquisitions & DispositionsRyan Somers started with RK Properties in early 2003 as Officer of Multifamily Sales and Acquisitions.In his first year with the firm, Mr. Somers helped facilitate the closings of over $120 million in acquisitions and dispositions of multifamily property.In 2004, he was promoted to Director of the department.Within his first year in this position his efforts earned him another promotion to a Vice President.Mr. Somers' strong track record at RK Properties includes the acquisition and disposition of over a $500 Million of multifamily real estate.Mr. Somers is an integral part of RK Properties and its tremendous growth in the past years. Mr. Somers began his career in Real Estate with the San Diego office of Marcus & Millichap (M&M).Specializing in northern San Diego apartment transactions, Ryan found himself a niche market through well-rounded business knowledge and local area market expertise.In a foreclosure (REO) driven market, he closed top volume numbers in both buy and sell side transactions.His clients were both principal and institutional that included groups such as Home Savings.His first year strength as a junior agent earned him "Rookie of the Year" for the San Diego office of M&M and a quick promotion to Sales Agent.Ryan Somers earned his BS from San Diego State University in Business Administration with a minor in Real Estate Finance.


www.rkprop.com

Ryan SomersDirector - Multifamily Acquisitions & Dispositions Property Management


Ryan Somers, President of BCE

www.bceproperties.com [cached]

Ryan Somers
Ryan Somers As President of Benedict Canyon Equities, Inc. ("BCE"), Ryan Somers oversees all aspects of the company. He has over 20 years of real estate acquisition experience, and has completed over $1.6 billion in multifamily transactions during his career. Since joining BCE in 2009, he has directed the acquisitions of 83 properties consisting of over 8,080 units valued at $1.1 billion. Under his tenure, Ryan has grown the company's portfolio to $1.3 billion. During the recent economic downturn, his investment expertise created a multitude of opportunistic ventures: buying out distressed partnerships, recapitalizing underperforming properties, and acquiring distressed assets which since have become some of BCE's top performing properties. Ryan was integral in the genesis of BCE Opportunity Fund I and BCE Opportunity Fund II, raising $11.2MM and $26MM of equity, respectively. Both are highly successful private equity funds with 27 properties currently under management. Both funds are fully invested and current on an 8% preferred return to the investors. In addition, Fund I has distributed $11MM to its investors. Given current asset performance, the projected return to the Fund I and Fund II investors will be between 2 and 2.5 times original equity. In March of 2015, Ryan led BCE in the launch of Multifamily Opportunity Fund III. By August 1st, 2015 the firm had raised $47 million of general partner equity to invest in Fund III assets, and the fund has acquired its first asset and has two more assets under contract. Prior to joining BCE, he served as Vice President of multifamily sales and acquisitions at RK Properties, a private equity firm in Long Beach, CA. He facilitated the closings of over $500MM in multifamily assets in Southern California, Arizona, Nevada, Colorado, and Utah. Ryan began his career in real estate in 1994 at the San Diego office of Marcus & Millichap. Ryan received a B.S. in Business Administration with an emphasis in Real Estate from San Diego State University


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