About AIC

Apartment Investment Capital repositions smaller apartment buildings located in Southern California. The principals have over 50 years of combined experience in the brokerage of apartments, with $1 Billion in transaction volume.

Our Mission

We combine enthusiasm and discipline in order to achieve excellent returns.  We always strive to be a trusted name for sophisticated multifamily value investors.


When acquired at the right price with the right repositioning strategy, apartments achieve returns superior to a mere hedge against inflation.  Despite a rising interest rate environment, the fundamentals remain strong in much of Southern California.  For the foreseeable future, rents in our focus areas should continue to outpace inflation as the housing supply perpetually falls behind demand in the region. Of course, competition for these assets is strong, and prices have trended upward even faster than rents. Therefore, AIC avoids over-priced assets, and searches out motivated sellers and buildings with significant untapped potential. 

Our Team

Spencer Rands

Principal / Director of Acquisitions

Spencer has been involved in various aspects of real estate for 15 years. After graduating from Brigham Young University in 2002, he (more…)

Matthew Sullivan

Principal / Director of Investor Relations

Mr. Sullivan is a 30+ year commercial real estate veteran, is a Founding Principal of Lee Investment Services Group, a member of the Lee Group of Companies. He specializes in investment (more…)

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