William Rance King, Jr.

RK Properties was founded in 1976 by William Rance King Jr (RK) after a 10 year history in the business machines industry for a Fortune 500 company. He progressed through the ranks from a trainee salesman to National Director of Sales and was instrumental in the development of software and sales of early style computers to commercial real estate brokers, who introduced him to the apartment business. His first apartment building was purchased in Las Gatos in Northern California when he was branch manager in San Jose, shortly thereafter he was moved to Los Angeles as regional manager and went back to Long Beach to live and purchased other buildings there. When the Company wanted to move him to Chicago it was a no go and that quit led to him opening R K Properties.

His first investors were friends in the business machine industry who wanted to get involved in his real estate investments and that quickly grew to more investors and the first limited partnership investment, in 1977. In 1994, RK put together the first TIC structure and of course that took off quickly and since that time the TIC has accounted for the largest percentage of the investor base. In mid-2017, the structure was changed to the DST which has many advantages for the investor base and virtually the entire industry uses the DST today.

As we approach 50 years in business we stand alone in our industry as to track record and longevity. Our activities continue in our core markets which include California, Utah, Colorado, Arizona, Nevada, Florida, Georgia, North Carolina, South Carolina and now Louisiana. We continue to primarily purchase new buildings from merchant builders that are just reaching stabilization. Generally speaking, we find that the amenity packages of new product far exceeds what can be accomplished with ‘value add’.

During the last couple of years we had sales and acquisitions approaching $1 Billion in volume. During 2022 we had our last TIC structured property go full cycle. Additionally, the first DST structured property which was purchased in 2017 went full cycle in January 2023. It is important to note that we manage all of our properties never using 3rd party management. We are the best in the business at what we do, and wouldn’t that be expected after this long in business.