Ken Bodenstein Joins as Director of Acquisitions, East Coast, for RM Communities, the Direct Acquisition Arm of RealtyMogul

LOS ANGELES--(BUSINESS WIRE)--RealtyMogul, a leading real estate private equity firm, is thrilled to announce that Ken Bodenstein has joined the firm as Director of Acquisitions. Mr. Bodenstein will be responsible for sourcing and acquiring multifamily assets in the East Coast region for RM Communities, the acquisition arm of RealtyMogul.

Mr. Bodenstein comes to RealtyMogul with nearly 30 years of experience in commercial real estate, most recently at Acorn Real Estate Partners where he was Managing Director. At Acorn, he oversaw the acquisition of assets totaling 700 units and $75MM of total asset value. Prior to Acorn, Mr. Bodenstein held senior level roles at multiple multifamily investment firms and asset management firms, responsible for acquiring and managing assets totaling over 30,000 units, worth over $3B in total asset value.

Mr. Bodenstein commented, “I am excited to have this opportunity to join the RealtyMogul Platform and to be able to help expand this initiative for the firm to be a direct sponsor of multifamily investment opportunities for our investors.”

Chris Fraley, RealtyMogul’s Chief Investment Officer, stated, "I have admired Ken's acquisition prowess ever since he outmaneuvered me in the acquisition of 360 Furman Street, a 1 million square foot residential conversion in Brooklyn in 2003 when I was at Rockwood Capital and he was at AIG. I had the pleasure of later working with him at Rockwood and I am really looking forward to working together again at RealtyMogul."

About RM Communities

RM Communities is the direct acquisition arm of RealtyMogul, a private equity firm with investments in over $2 billion of real estate, including historical investments in over 16,000 apartment units. RM Communities acquires $15+ million multifamily assets in stable and emerging U.S. markets and focuses on well-located properties with in-place cash flow in addition to properties with managerial upside or value-add opportunities. In addition to direct acquisitions, RealtyMogul deploys capital in multifamily, office, retail and industrial properties through joint venture equity and preferred equity investments nationally. For more information about RealtyMogul, visit www.Realtymogul.com.