Radney Management and Investments, Inc.
Radney Management & Investments, Inc. (RMI) was incorporated in Texas in 1982. RMI specializes in the development and management of affordable multifamily rental housing. The firm currently acts as a project developer and contract management advisor for 13 subsidized and unsubsidized multifamily properties comprising over 2,500 units in Texas, Illinois, Louisiana, Michigan and Colorado. RMI has comprehensive experience with regulations, guidelines and policies of both the HUD-Section 8 and Low-Income Housing Tax Credit programs and maintains working/professional relationships with many of the HUD’s regional offices and its Washington, DC headquarters.
All of the properties under RMI’s management are owned by partnerships in which RMI’s principals have direct financial interests, including, but not limited to, that of general partners. Therefore, RMI has developed an owner-oriented system of management coupled with a highly professional operations and development team.
Nearly all of RMI’s properties were acquired through a foreclosure sale process and were redeveloped and revitalized through a series of financial restructurings, building & site renovations and operational enhancements. This type of experience differentiates RMI from other management and development firms and makes it ideal for turning around distressed properties.
RMI has a very experienced and hands-on executive management team along with a solid group of field personnel employed at each property location including senior site managers and maintenance staff. The company currently employs approximately 75 people. RMI is an Accredited Management Organization as designated by the Institute of Real Estate Management and maintains professional memberships with the National Leased Housing Association and the Association of HUD Managing Agents.