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Gould Investors L.P. (“Gould”), RRG’s lead investor and operating partner, has a six-decade track record of success producing strong and safe returns for its investors. Gould and its affiliates have founded a variety of niche real estate businesses and currently manages two publicly traded REITs.

Rainbow is the next iteration of Gould’s decades long tradition of success finding niche opportunities where returns exceed relative risk.

Real Estate

Prowess

1962

Gould Properties Inc., a diversified New York city real estate portfolio, is founded with a public offering

1970

Gould Investors Trust converted into a REIT

1983

Gould took over Berg Realty Trust (BRT) and converted it into a mortgage REIT

1986

Gould Investors L.P., converted into a master limited partnership (MLP)

1984-88

Gould has multiple profitable investments in NYC co-ops

1989

Gould took over OLP, a firestone tire and rubber captive REIT

1990-94

Gould acquires Bayside Fed, Bankers Fed and Bank of Great Neck. Public to private

bank conversions.

2000

Gould invests in EPR and OLP, stadium theater portfolio

2012

BRT transformed into multifamily REIT

2013

Gould enters the cannabis industry by financing a NJ cannabis license winner

2018

RRG is formed: Gould begins financing real estate for U.S. cannabis

2019

RRG Fund I is formed with $54M AUM

2021

RRG Fund II is formed with $51M AUM

2022

RRG Fund III is formed as a joint venture with a family office

MJ REIT is sub-managed by

Rainbow Realty Group, LLC (“Rainbow”) was created to bridge the financial gap for cannabis companies in the United States.

Due to the federal illegality, it is extremely difficult for cannabis companies to obtain traditional means of financing. Rainbow is not a cannabis investor per se: it is a real estate financier who works with cannabis tenants and borrowers.

Rainbow underwrites non-cannabis or “traditional” real estate values for retail, industrial and agricultural properties. Rainbow will purchase or mortgage real property, depending on the operator’s needs.

Why Rainbow?

Our portfolio of successful ventures is unparalleled in the industry. The GP is a master limited partnership that owns and operates a diversified portfolio of real estate assets located throughout the United States including being the largest investor and manager of two publicly traded New York Stock Exchange REITS; One Liberty Properties, Inc. (NYSE: OLP) and BRT Apartments Corp. (NYSE: BRT).

Rainbow's leadership has multi-generational experience owning and operating various real-estate asset classes

Matt Gould

Chairman and CIO

See Bio

Kyle Shenfeld

CEO

See Bio

Ben Bolanos

COO

See Bio

Isaac Kalish

CFO

See Bio

Tyler Gilliam

AVP

See Bio

Jack Levy

BD

See Bio

RRG Fund I

RRG formally launched its first fund in 2019, after 6 years of experience investing in the space. RRG “Fund I” has $54M AUM and, as of Q3 2023, is fully deployed. The fund is only 12% levered, assisting our position of being insensitive to interest-rate fluctuations.

Projected IRR
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Properties
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Senior Mortgages
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Sale-Leasebacks
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RRG Fund II

RRG launched its second fund in 2021, continuing off the success of the inaugural fund. RRG “Fund II” has $51M AUM and as of Q4 2023 is 100% deployed. Fund II utilizes a similar strategy as Fund I investing across different real estate asset classes.

Projected IRR
0 %
Properties
0
Senior Mortgages
0 %
Sale-Leasebacks
0 %

RRG Fund III

RRG launched Fund III in 2023 as a joint venture with a large family office.

Projected IRR
0 %
Properties
0
Senior Mortgages
0 %
Sale-Leasebacks
0 %
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Private Placement Risk

Private placements are speculative investments in which an investor could potentially lose the entire investment. The risks associated with a private placement are stated in its private placement memorandum (“PPM”). Investors considering investing in a private placement should fully review the PPM, and if appropriate, consult a legal or financial professional prior to making an investment decision.

Cannabis Legal Disclosure
The possession, use, cultivation, manufacturing, sale, transfer and dispensing of cannabis is illegal under The United Stated Federal Law (see: Controlled Substances Act of 21 U.S.A. 801). The cannabis industry is conducted in states that have passed legislation that has either decriminalized, legalized the use of medical marijuana, and/or legalized the use of recreational marijuana. The possession, use, cultivation, manufacturing, sale, transfer and dispensing of cannabis is governed by state law and from state to state. Companies that engage in the cannabis industry and individuals investing in the cannabis industry could be subject to federal criminal prosecution, civil fines and/or penalties.

Jack Levy

BD

Jack is a dynamic professional.

He began as a Client Solutions Associate at GLG, where he provides tailored solutions and valuable insights to top hedge funds.

After GLG, he joined AscendEX, where he worked as the Head of Sales, cultivating partnerships with C-Level executives, institutions, market makers, and VC firms.

His diverse experience continues as the first Business Development Associate at Rainbow Realty Group, focusing on fundraising and investor relations.

Tyler Gilliam

AVP

Tyler is a diligent professional with a strong background in real estate.

He previously worked as an Acquisitions Analyst at Alliance Manufactured Homes, where his analytical skills helped with the company’s success.

Previously, he served as EVP of Business Development at Realogy Title Group.

Tyler holds an MS in Real Estate Development from NYU, which underscores his expertise in the field. His experience and education make him a valuable member of the team.

Ben Bolanos

COO

Ben is the current COO of Rainbow Realty Group, where his strategic leadership is instrumental to the company’s success.

His extensive real estate background includes previous roles as Vice President of Acquisitions at One Liberty Properties, as well as positions at Panther Properties Investment LLC and Compass Realty Associates.

Ben’s expertise and experience make him a valuable asset in the real estate industry.

Kyle Shenfeld

CEO

Kyle is a dynamic professional with an impactful contribution to the Gould family.

As the founder of Rainbow Realty Group, he has helped the company with three successful funds, blending innovation and excellence in real estate. In addition to their entrepreneurial pursuits, they serve as the Associate General Counsel of Gould Investors L.P., his family’s investment office.

Prior to this, he honed hislegal skills as an Associate in the Real Estate Department of Herrick Feinstein LLP.

Kyle also founded H2GoBlue, focused on environmental sustainability and responsible water management.

Isaac Kalish

CFO

Isaac is an accomplished financial professional with extensive experience.

He currently holds the position of Vice President and Treasurer of the Managing GP at Gould Investors L.P. since 2012.

He has also been the Vice President and Assistant Treasurer at One Liberty Properties, Inc. since 2007.

Isaac is a Certified Public Accountant (CPA) in the State of New York and is an active member of the American Institute of CPAs and the New York State Society of CPAs. His prior experience includes roles as an Associate at Ernst & Young and Buchbinder Tunick & Co. Isaac’s financial expertise and commitment to his profession make him a valuable asset in the industry.

Matthew J. Gould

Chairman and CIO

Matthew J. Gould serves as an interested Board Member representing the sub-manager, Rainbow Realty Group. Mr. Gould has spent his entire career in the real estate industry with various organizations. He currently serves as CEO of Georgetown Partners, Inc. and Managing General Partner of Gould Investors, L.P., a diversified primarily real estate owner and operator since 1994.

Since 2012, Mr. Gould has served as Chairman of One Liberty Properties, Inc. (NYSE:OLP), a single tenant net lease REIT, holding earlier positions as Vice Chairman and President dating back to 1989. He is a Board Member and Senior Vice President of BRT Apartments Corporation (NYSE: BRT), a multifamily REIT, performing various roles dating back to 1984.

Since 2019 he has held multiple positions at Rainbow Realty Group Funds, including CEO and currently Chairman and CIO.  Rainbow Realty Group manages two private funds that own and provide mortgages to borrowers in the cannabis space. He is a Board Member of Halsa Holdings, LLC, a CA cannabis operator, since 2021 and Vice President of Majestic Property Management Corp., a privately held real estate management fund, since 1984.

Mr. Gould earned a B.A in English Literature from University of Michigan in 1981 and a J.D. from the Benjamin Cardozo School of Law in 1984.