News & Insights
Revitate Foundation 2025 Social Impact Summit
The Revitate Foundation held its fifth annual Social Impact Summit at UC Irvine's Langson Orange County Museum of Art. The event recognized individuals advancing social change across sports, real estate, and consumer brands.
Thorns fandom, lucky charms and family values: Suite Level with the Bhathals
If Portland Thorns owner Alex Bhathal isn’t spotted on game day striding around Providence Park in his signature red Moncler polo, black slacks, and custom black-and-red Jordans, start worrying. Not because he would ever miss a home match, but because if he shows up in anything else, his sister an
Sutter Plans Advanced Orthopedics & Sports Medicine Care Complex in Sacramento
Rendering of the upcoming Sutter Advanced Orthopedics & Sports Medicine Care Complex in downtown Sacramento. Future-forward Center Further Solidifies Downtown as Entertainment, Healthcare Destination NORTHERN CALIF. – Building on its 100-plus year tradition of caring for Northern Californians,
Revitate Foundation 2024 Social Impact Summit
On September 25th, Revitate Foundation convened its 2024 Social Impact Summit at the Vea Hotel in Newport Beach, California. This annual gathering serves to bring together Revitate’s community, by honoring leaders who are effecting significant social change at the nexus of sports, r
LaTerra Development and Revitate Close $88.2M Construction Loan to Build 344 Build-to-Rent Units in Albuquerque, NM
LaTerra continues SunBelt expansion LOS ANGELES, CA / ACCESSWIRE / September 24, 2024 / LaTerra Development, a leading real estate investment and development company, and Revitate, an alternative investment management firm specializing in opportunity zone investing, closed an $88.2M constructio
Portland, Oregon Awarded WNBA’s 15th Franchise
The Women’s National Basketball Association (WNBA) announced today that it has awarded Portland, Oregon, the league’s 15th franchise. The Portland team, set to begin play in the 2026 season, will be owned and operated by RAJ Sports, led by Lisa Bhathal Merage and Alex Bhathal (Revitate’s Manag
NWSL’s Thorns add new investors months after $63M takeover
BY ASLI PELIT, EBEN NOVY-WILLIAMS MAY 23, 2024 10:00AM The Portland Thorns are adding minority investors, including a former NBA player, the CEO of a sportswear company, a prominent asset manager and an NBA co-owner. Less than five months after buying the Portland Thorns for $63 million, Thorns
Workforce Housing’s ‘Double Economy’ Benefits
By Chris Marsh Chris Marsh of Revitate Cherry Tree writes on the resiliency of this investment. At this juncture, no one knows which way the economy will go. Though talk of recession has declined, we continue to face economic headwinds due to inflationary pressures and geopolitical instability. As a
LA Times B2B 2024 Orange County Inspirational Women Forum & Leadership Awards Honoree is Presented to Lisa Bhathal Merage
Lisa Bhathal Merage was honored with the Entrepreneur/Founder Award at the LA Times Inspirational Women Forum in Irvine, CA
Real Assets Advisor Podcast: Professional sports and its investment opportunities
Kunal Merchant, a partner and COO at the private equity firm Revitate Sports, talks pro sports, TV contracts, merchandising, fantasy football, the “star system” and how investors can make money by investing in professional sports — short of franchise o
Pro Soccer team in Portland the latest sports bet for Alex Bhathal and family
Alex Bhathal has several highlights to point to since winning a Business Journal Excellence in Entrepreneurship award last March. His Newport Beach-based RAJ Sports, which he leads with his sister Lisa Bhathal Merage, bought control of the Portland Thorns FC
Commentary: Why buying into Portland Thorns and the NWSL was ‘a no-brainer’ for one family
LOS ANGELES TIMES: Why buying into Portland Thorns and the NWSL was ‘a no-brainer’ for one family
RAJ Sports Finalizes Acquisition of Portland Thorns FC
Bhathal family becomes controlling owner of the Portland Thorns FC, acquiring club from Peregrine Sports
Revitate, LaTerra and WAY Capital Win National ‘Best Land Deal of the Year’ Award for New 344-Home Build-to-Rent Community
Revitate Impact joined LaTerra Development and WAY Capital Inc. to break ground on the 344-home Bedrock at the Trails in Albuquerque, N.M. Less than one month later, they accepted Informational Management Network’s 2023 “Best Land Deal of the Year” awa
Revitate Breaks Ground On Bedrock, The New 37-Acre, 344-Home Community In Albuquerque, N.M. With Development Partner LaTerra
On November 16th, Revitate joined with LaTerra Development and several local civic and community leaders to celebrate the groundbreaking for our latest opportunity zone investment: Bedrock at the Trails in Albuquerque, New Mexico. Bedrock is a “build-to-rent” community that inclu
Revitate’s ESG Returns
ORANGE COUNTY BUSINESS JOURNAL: Raising $150M for Newest Apartment Fund; Mixed-Use Focus
Visionary Women Set Sights on the Future, Open Doors for Next Generation of Female Executives while Giving Back to Community
Impressive accomplishments by the esteemed ‘Visionary Women of Impact’ panel that convened at the Revitate 2023 Social Impact Summit
Recap: 2023 Revitate Social Impact Summit
Revitate commemorated it’s 3rd annual Social Impact Summit held at the Orange County Museum of Art
Social Impact Profile: Fountainhead Apartments
Revitate Cherry Tree acquires workforce housing in the Midwest. Here is a highlight of one of our properties in Kansas City. By acquiring and actively preserving workforce housing for Americans of modest means, we are contributing in a positive way to the f
Revitate Cherry Tree Fund II Introduction
Learn about Fund II and our Midwest workforce housing strategy.
Los Angeles Times B2B Commercial Real Estate features Lisa Bhathal Merage as one of the 2023 Visionaries
Lisa has brought savvy, adaptability and relentless optimism to Southern California commercial real estate.
Revitate Celebrates New 380-Unit Morrison Yard Opportunity Zone Mixed-Use Development in Charleston, SC
Morrison Yard project visited by Sen. Tim Scott, co-author of federal Opportunity Zone legislation; Development team and local leaders announce ‘Community Compact’ outlining project’s target economic and community benefits.
Shay Hawkins joins Revitate Social Impact Council
Revitate is pleased to announce Shay Hawkins as the newest member of the firm’s Social Impact Council
Owners, developers sound off about higher insurance costs
MULTIFAMILY DIVE: Recent premium hikes have been painful for apartment owners of all sizes.
Six Years On, Opportunity Zone Funds are Finding Secondary Markets
CONNECT CRE: Since its introduction in 2017, the opportunity zone program has been lauded and criticized in turn. Cutting through some of the rhetoric, investors participating in the program have taken advantage of opportunity zone tax benefits.
Revitate Cherry Tree Acquires Sixth Workforce Housing Property; Closes Fund Activity With A Total Of 841 Multifamily Units
Acquisition in Greater Cincinnati region closes Revitate Cherry Tree Multifamily Fund I, LP, acquires $110 million of workforce housing communities in high-growth Midwestern markets.
Workforce Housing Specialists Court Equity Investors
WEALTHMANAGEMENT.COM: Backers argue that the segment of the multifamily market is underserved and likely to generate healthy returns amid economic uncertainty.
RevOZ Capital: Groundbreaking Ceremony for Township 9 in Sacramento
Township 9 is an investment in the RevOZ Capital Opportunity Zone portfolio co-led by Revitate’s Managing Partners Alex Bhathal and Lisa Bhathal Merage.
Webinar: Revitate Impact Q1 2023 Opportunity Zone Update (13 minutes)
Four months into 2023, how is the Opportunity Zone market performing? To explore this question, Revitate convened leading experts and practitioners in the OZ landscape for our Q1 2023 Revitate Impact OZ update.
The Art of ESG
MULTIFAMILY EXECUTIVE: Learn how multifamily owners and operators are managing the ESG hype—and growing from it
Revitate Cherry Tree Announces First Distribution to Midwest Workforce Housing Fund Investors
Revitate Cherry Tree’s Midwest workforce housing investment platform has announced its first cash distribution to Fund I investors less than three months following the final close
Family Offices Have Dry Powder Ready to Deploy on Real Assets
WEALTHMANAGEMENT.COM: Recent surveys indicate a high demand over the next two years from family offices for illiquid assets, including real estate.
Workforce housing: The segment can serve as an investment buffer during recessionary times
IREI: While real estate, broadly speaking, is a strong asset category to withstand inflation, not all types of real estate are created equal
Alex Bhathal: Building the Raj Empire
ORANGE COUNTY BUSINESS JOURNAL: Alex Bhathal was one of five entrepreneurs honored by OCBJ at the 2023 Excellence in Entrepreneurship Awards.
ABC’s of ESG
RE BUSINESS ONLINE: Property owners establish environmental, social and governance programs to appeal to both tenants and investors.
Revitate invests in 4,300-acre industrial development in Reno
IREI: Revitate has expanded its opportunity zones portfolio with a new investment into Victory Logistics District, an industrial development in Fernley, Nev.
Workforce Housing Is a Steady Alt Investment in Recessionary Times
WEALTHMANAGEMENT.COM: Revitate Cherry Tree’s Chris Marsh on the fundamentals that point toward immediate and attractive risk-adjusted returns.
Revitate Makes Investment In Nevada Industrial Development
OPPORTUNITYDB: featured Revitate’s investment from its Impact OZ Fund 2022 into Victory Logistics District, a 4,300 acre industrial development located in Fernley, Nevada.
Revitate Expands Opportunity Zones Portfolio; Invests in 4,300-Acre Industrial Development in Reno, Nevada Submarket
Project will bring new jobs and economic development to the Reno metropolitan area, while meeting ongoing needs for industrial space
Workforce Rental Housing: The ‘Under-The-Radar’ Investment
PRIVATE WEALTH MAGAZINE: Chris Marsh of Revitate Cherry Tree to explain the benefits of Workforce Rental Housing.
Revitate Announces Social Impact Council
Leading alternative investment firm announces advisory group of business and civic leaders to help shape firm’s social impact strategy.
Achieving Impact through Entrepreneurial Leadership
Social Impact, until recently, was seen as a ‘nice to have’ rather than a ‘must do’ for many companies. Now, as society is increasingly shining the spotlight on social, environmental, and systemic issues, and people look for larger social action from
Social Impact Panel Recap: Impact Strategies in Uncertain Times
Impact Strategies in Uncertain Times panel was moderated by Clayton Bland of CliftonLarsonAllen” and included Revitate’s Chief Impact Officer Lisa Merage, Chris Marsh Founder of Cherry Tree Capital Partners, and Nate Raabe Managing Director of RX3 Growth
Robert Lang joins Revitate as Managing Director of Commercial Real Estate
Former Irvine Company Executive brings 3+ decades of experience to Emerging Investment Platform
Revitate Holds Annual Social Impact Summit and Names 2022 Social Impact Champions
Revitate hosted its annual Social Impact Summit to share updates on the firm’s progress and celebrate its first class of Revitate Social Impact Champion award winners. The award intends to honor leaders making unique and innovative contributions to the com
RevOZ Capital Opportunity Zone Fund Announces Special Distribution to Investors
Award-winning Opportunity Zone platform has announced a special distribution to investors following the successful recapitalization of San Bernardino Medical Center.
Lisa Merage featured in ‘Using the Capital for Communities Scorecard to Boost Social Impact and Equity’ Webcast
Urban Institute demonstrates how private developers, mission-driven investors, governments, and nonprofit organizations can use the Urban Institute’s new Capital for Communities Scorecard to assess whether proposed projects align with community priorities
Revitate Cherry Tree ESG Plan
The Revitate Cherry Tree ESG approach is to focus on preserving the workforce housing that middle-class families are counting on in a way that still delivers compelling returns to our investors.
AltsDb: A Family Office Perspective On Real Estate Investing, With Alex Bhathal
Andy Hagens of the Alternative Investments Database Podcast interviews Revitate’s Alex Bhathal in “A Family Office Perspective on Real Estate Investing”.
Revitate’s Opportunity Zone Market Update and Policy Outlook with Senator Tim Scott
On Wednesday, September 7th, Revitate hosted a special live webcast featuring U.S. Senator Tim Scott to discuss the current state of the Opportunity Zone (OZ) marketplace and federal policy discussion.
Go Midwest: How Multifamily Investors Are Finding Untapped Value in the “I-70 Triangle”
While the Sunbelt is a popular geographic focus for multifamily investors, key regions of the Midwest are also experiencing promising demographic and employment growth trends.
OpportunityDb Podcast: Opportunity Zones For Family Offices, With Alex Bhathal
Alex Bhathal joins the OpportunityDb Podcast with Jimmy Atkinson to discuss the evolution of Opportunity Zones and how family offices have come to better understand the incentive.
Revitate Cherry Tree Acquires Walnut Trails in Elkhart, Indiana for $22,500,000
Revitate Cherry Tree has acquired Walnut Trails, a 210-unit garden-style multifamily property located in Elkhart, Indiana.
Revitate Launches ‘Revitate Impact’ Opportunity Zone Fund
Firm Leadership’s Fourth Opportunity Zone fund will focus on New Multifamily and Industrial Developments in Emerging U.S. Markets.
Revitate Insight: In Challenging Economic Times, Workforce Housing is the Right Product for Multifamily Investors
Even in the face of significant economic headwinds, multifamily properties that cater to working-class Americans remain a reliable source of attainable housing that may provide attractive and historically steady returns for investors.
Group managing Clippers’ NBA project joins sports arena team Midway Village+
THE SAN DIEGO UNION-TRIBUNE: The team has hired prominent facility adviser CAA Icon to represent the group as it seeks to privately finance and build a 15,000-seat replacement sports arena.
California company snatches up Louisville-area apartment complex in $22M deal
LOUISVILLE BUSINESS FIRST: California company snatches up Louisville-area apartment complex in $22M deal.
Revitate Cherry Tree Acquires Beech Grove Apartments in Jeffersonville, Indiana for $22M
RevCT continues to be an active acquirer in the Midwest, with approximately $73 million in transaction volume over the last six months across Kansas, Missouri, and Indiana.
Revitate named Finalist in New San Diego Arena District Bid Process
Great news out of San Diego this week, as the San Diego City Council voted unanimously to advance Revitate’s Midway Village+ development proposal as one of three finalists to redevelop the 48.5 acre Sports Arena site in downtown San Diego.
Opinion: The Best Team and Best Plan for the Sports Arena is Midway Village+
TIMES OF SAN DIEGO: San Diego has a once-in-a-generation opportunity to reimagine the aging Sports Arena District and create a model of vibrant, diverse, and inclusive development.
Mayor wants to cut these 2 teams in the running for San Diego’s sports arena site
THE SAN DEIGO UNION-TRIBUNE: Council members asked to end negotiations with Neighborhood Next and Discover Midway so the city can press forward with picking a winner to redevelop 48-acre site in the Midway District.
Revitate Leaders talk Sports, Real Estate, and Social Impact at ALTSLA 2022
Revitate principals Alex Bhathal, Kunal Merchant, and Chris Marsh were featured speakers at ALTSLA 2022 on Thursday, March 24th in Los Angeles.
Revitate Insights: Preserving Impact in the Era of Inflation
Rising prices are putting pressure on working families and investors. There’s a way to help both.
Proposals for San Diego’s sports arena site now headed for elimination phase
San Diego City Council members, as well as the public, will soon get to weigh in on the five development teams looking to remake the city’s sports arena site in the Midway District with thousands of apartments and a new or refashioned entertainment venue.
Revitate Cherry Tree Leaders Break Down Workforce Housing Strategy on “The Multifamily Investor Podcast”
Attainable housing for blue-collar, service, and entry-level workers has dwindled to worrying levels across the country in recent years.
OZ Investments Surge As The Program Attempts To Emerge From The Uncertainty Of Its Early Years
BISNOW: A year-end deadline for tax benefits and more clarity made 2021 a banner year for the opportunity zones program, with $6.9B invested in qualified opportunity funds in the latter half of the year, up 39% from the first half of the year, new data shows
Alex Bhathal named ‘2021 Top 25 OZ Fund Managers’
Opportunity Zone Magazine selects Alex Bhathal of RevOZ Capital as Top 25 OZ Fund Manager.
San Diego’s sports arena site is up for grabs. These are the 5 teams competing to remake the property
THE SAN DIEGO UNION-TRIBUNE: Development teams are attempting to wow local leaders with proposals that promise thousands of homes for people of all income levels and a world-class sports arena.
Insight: Getting Real on Rising Interest Rates
Real estate investors and analysts are abuzz about the upcoming impacts of persistent inflation and rising interest rates. But while tracking the spread between treasuries and cap rates provides solid insight into the broader economic landscape, it’s not a
$51M Midwest Rental Push For New Revitate Fund
ORANGE COUNTY BUSINESS JOURNAL: Cherry Tree Offshoot Adds 3 Complexes
Team Revitate at IMN Real Estate Opportunity & Private Fund Conference in Laguna Beach
Members of team Revitate attended the 18th Annual IMN Winter Forum on Real Estate Opportunity & Private Fund Conference at the Montage Resort in Laguna Beach this January.
Midway Village+ sports arena plan lands backing from key labor group
THE SAN DIEGO UNION-TRIBUNE: San Diego County Building and Construction Trades Council, which represents 30,000 construction workers, has endorsed the Toll Brothers-led team.
Revitate Cherry Tree Kicks-Off Debut Multifamily Fund with Three Acquisitions for $51.5M and 353 units
Revitate Cherry Tree has purchased its first three assets as a part of its debut multifamily fund launched in October 2021, which aims to acquire both workforce housing and value-add investments throughout the Midwest and Sunbelt.
West Coast investor buys 280-unit KC apartment portfolio for $42.5M
KANSAS CITY BUSINESS JOURNAL: Two Kansas City brokers completed the sale of a 280-unit multifamily portfolio in Kansas City for $42.5 million to an investment company based in Newport Beach, California.
Here Are the 5 Contenders for the Sports Arena Redevelopment
OB RAG: There are 5 remaining redevelopment teams bidding to take on San Diego’s 48 acres of city-owned land around the sports arena in Midway District.
Midway Plan Swaps in New Developer
SAN DIEGO UNION-TRIBUNE: The Midway Village+ team will submit a bid for San Diego’s sports arena site with a substitute taking over arena development.
Revitate Launch Event @ Newport Beach Country Club
On November 18, 2021 Alex Bhathal, Lisa Merage, and Chris Marsh hosted a special invite-only event to commemorate the launch of Revitate, a new private equity investment platform pursuing real estate, consumer-focused, and professional sports investment opportunities wi
NBA Sacramento Kings co-owners to ramp up RE offering on new platform
REFI: RAJ Capital expects to bring new emerging managers and initiatives in the next few months
Bhathal Family Revamps Investment Platform
ORANGE COUNTY BUSINESS JOURNAL: Newport Beach’s Bhathal family, best known for apparel manufacturer Raj Swim and as co-owners of the NBA’s Sacramento Kings, said they are shifting their family office into a new scalable investment platform open to outsid
Former Irvine Company Apartment Division President Chris Marsh Launches Cherry Tree Capital Partners
THE REGISTRY SF: After serving the Irvine Company’s Apartment Development Division for nearly a decade, Chris Marsh has announced plans to launch Cherry Tree Capital Partners, a multi family-focused real estate investment company.
Ex-Irvine Co. Rental Exec Launches Firm
ORANGE COUNTY BUSINESS JOURNAL: Workforce Housing Focus for Cherry Tree
NBA Owner Makes Big Bet On Opportunity Zones As Biden Presidency Sparks Fresh Start For OZs
FORBES: An owner of the Sacramento Kings is driving hard into the Opportunity Zone market. RevOZ—an investment arm of the Bhathal Family, which parlayed their swimsuit business into a real estate empire and stake in the Kings—plans on investing roughly $
RevOZ Capital Closes New Opportunity Zone Investment in Downtown Sacramento
Mixed-use redevelopment is firm’s latest bid to leverage federal tax incentive to stimulate new economic and community benefits in historically under-invested communities.
Sacramento Kings Co-Owners Plow $850M Into Opportunity Zones, But Mostly Pass On California
BISNOW: The co-owners of the Sacramento Kings basketball franchise are betting big on opportunity zones, but won't be putting much money into their home state of California.
RevOZ presented with GlobeSt.com’s Opportunity Zone Investor of the Year
NEWPORT BEACH, CA – For GlobeSt.com’s ADAPT awards, we reviewed individuals and companies that have made a significant impact on the adaptive reuse / Opportunity Zone sector with their various efforts. We are pleased to announce that RevOZ Capital and it
Aaron Rodgers Launches $50 Million Venture Capital Fund With Roth Capital
FORBES: Rodgers is now putting some of those riches to work in the VC world with a new venture and growth stage fund, Rx3 Ventures, focused on consumer brands.
Bhathal siblings investing in real estate opportunity zones through RevOZ Capital
ORANGE COUNTY BUSINESS JOURNAL: Bhathals Swimming In New OZ Fund