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Ruel M. Hamilton, a Dallas entrepreneur who worked his way up the corporate ladder to build the highly successful real estate investment company, AmeriSouth Realty joins Enterprise Radio working in association with the Real Estate Channel.
Listen to interview with host Eric Dye & guest Ruel M. Hamilton discuss the following:
- Tell us about yourself, Ruel. How did you get to where you are today?
- What is AmeriSouth Realty?
- You foresaw the Affordable Housing Crisis back in the 90s before it became a huge pandemic in America. How has your company been solving and how is your company currently solving this issue for Texas?
- Would you consider expanding to other regions or states with your business model, or provide consulting to other business people that are interested in this type of real estate investing?
- How do you foresee the housing issue in the next ten to twenty years for America? Is it going to get better or worse at the rate we’re going?
Ruel M. Hamilton is the CEO and founder of Dallas-based AmeriSouth Realty, a real estate investment company that specializes in the ownership, development and acquisition of multi-family projects within the affordable housing industry. He primarily owns and operates Class C multi-family apartment communities, including some that were developed using Low Income Housing Tax Credits (LIHTC’s). Hamilton believes that keeping and maintaining older properties is the key to fixing the affordable housing crisis. Accordingly, he pays close attention to bringing aged, crime ridden or poverty stricken housing back to life with rehabilitation and revitalization.
AmeriSouth Realty came to fruition in 1987 after the unexpected collapse of the savings and loan industry in Texas. Hamilton originally founded the company to provide fee management for commercial and multi-family properties owned by various savings and loans, FDIC and RTC agencies; however, the housing crisis presented more lucrative and fulfilling opportunities. He shifted focus in 1994 and began to purchase, redevelop and provide quality housing to low-income families. Currently, he owns and operates 2,500 multi-family units in the Dallas-Fort Worth area, but overall has owned and rehabbed 10,000 total units in Texas.
“Everyone deserves a good place to live, despite their income level,” explained Hamilton. “When we are able to revitalize an aging apartment complex we are also providing a platform for helping our residents change their lives in a positive way which eventually spreads through the community.”
Website: www.amerisouthrealty.com
