• Assets Managed

    These are the properties that we currently own and asset manage

  • Orchard Manor Townhomes

    Louisville, Kentucky

    A value add / momentum play in the desirable and quickly growing Hikes Point neighborhood. With the addition of new, highly competent management we plan to execute a business plan of renovating units, incorporating multiple capex project and bringing our units from some of the lowest rents in the area to the middle of the pack. In addition to this we have the opportunity to decrease expenses and achieve great returns for our investors.

  • Role

    Co-General Partner (GP)

    Size

    32 units

    Strategy

    Value Add / Momentum

    Class

    C

    Financing

    Fixed Rate Agency

    Purchase Price

    $2,475,000

  • Northside Townhomes

    Hickory, North Carolina

    Value add through renovations and operational upside. After purchase we hired strong professional property management to help us lower operating expenses and increase rents thus increasing our net operating income. It was important to bring in a qualified property manager (PM) that was on board with our business plan of light rehabs from the beginning. Following this plan we have risen rents on average $139/door and added a water fee all within the first two years of ownership. Northside is centrally located in Hickory, close to local schools, shops and businesses of the downtown area, it is less than an hour from Charlotte.

  • Role

    Owner / Joint Venture

    Size

    32 units

    Strategy

    Value Add / Momentum

    Class

    B

    Financing

    Fixed Rate Agency

    Purchase Price

    $1,632,000

  • Assets Sold

    Properties that were previously in our portfolio

  • Briarwood Townhomes

    Hickory, North Carolina

    Value add through operational upside and light renovations. Purchased from mom and pop, self managing owners ready to get out. We were able to negotiate a "dead deal from the Loopnet graveyard" into something viable. This was RYDON's start in out of town ownership, we were able to bring on qualified management, after some trial and error, and begin turning units increasing value. Largest value add came from lower expenses over $500 per door! Various capital expense projects (capex) were completed and units were turned allowing us to bring them to market, increasing our overall net operating income.

  • Role

    Owner

    Size

    16 units

    Strategy

    Value Add / Momentum

    Class

    B-

    Financing

    Private Capital

    Purchase/Sales Price

    $420,000 / $810,000

  • Monhagen Ave Apartments

    Middletown, New York

    Value add through raising rents to market, a self managed property. This is where we cut our teeth, Don meticulously maintaining the property, including capex such as a brand new energy efficient heating system, new EPDM roof and unit interiors. As well as collecting rents, working with tenants, marketing, showing units and so on. Ryan mowing the lawn, cleaning units, helping to install new ceilings and cleaning units, we learned the apartment business here. We also learned why 3rd party professional management and solid, conservative underwriting is so important.

  • Role

    Owner / Manager

    Size

    11 units + 1 cafe

    Strategy

    Value Add / Momentum

    Class

    C-

    Financing

    Local Bank

    Purchase/Sales Price

    $420,000 / $695,000

  • Passive Investments

    Investing in other's real estate ventures for passive income and diversification

  • Florida Equity Fund

    State of Florida

    Stabilized apartments in premier cities throughout Florida. Over 1,000 A and A+ units with ultra desirable finishes and amenities for the discerning professionals and families. These are newly built communities with easy access to some of the best dining, shopping and entertainment in the state.

All Posts
×