Crimson Ventures Announces Joint Venture with Residential Investment Advisors

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Crimson Ventures, a management consulting and angel investing company, announces a joint venture partnership with Residential Investment Advisors of Lebanon, Tenn., to acquire and manage multi-family real estate properties throughout the southeastern United States.

Photo of Rob Walker, managing partner of Crimson Ventures

Rob Walker, Crimson Ventures

Crimson Ventures today announced a joint venture partnership with Residential Investment Advisors of Lebanon, Tenn., to acquire and manage multi-family real estate properties throughout the southeastern United States.

“Crimson Ventures sees this partnership as a diversification opportunity to complement our existing portfolio companies in technology and financial services,” Managing Partner Rob Walker said. “We needed to create some options for the subset of our co-investors who desire income potential in addition to long-term asset appreciation.”

David Childers, CEO of Residential Investment Advisors, commented, “Partnering with Rob Walker and Crimson allows RIA to expand our ability to pursue selected investments in multi-family properties while still maintaining our day-to-day focus on operating our ever-growing brokerage business.”

As part of the transaction, Walker and Childers will jointly lead the new entity, which already has one multi-family property under contract. That initial transaction is expected to close in September.

About Crimson Ventures: Crimson Ventures, based near Nashville, Tenn., began operations in 2016 although its history via predecessor companies dates back to 1993. Crimson is a management consulting and angel investing company with more than 20 years of experiences assisting companies at key inflection points such as hyper-growth, capital raising, M&A transactions, business exits, turn-arounds and more. Additional information is available at http://www.CrimsonVenturesLLC.com.

About Residential Investment Advisors: RIA is a highly successful real estate brokerage firm completing more than 125 transactions in smaller to midsized multi-family properties throughout Tennessee and the southeast. Additional information is available at http://www.RIA-INC.com.

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DON BEEHLER

Rob Walker
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