RAS Property Group is a specialized real estate opportunity fund manager and value-add investor serving institutional clients. The firm focuses on creating diversified portfolios of well-located, quality Class A & B middle market properties at a low-cost basis. Not relying on market momentum to boost value gains, RAS looks to take advantage of market distress and mispriced assets that produce current cash flow. The company is known for its highly-experienced team of innovative investment executives who collaborate closely to execute the firm’s carefully defined investment strategy focused on buying well. RAS invests in multifamily properties, concentrating activity in metropolitan areas along the Eastern Seaboard as well as considering attractive acquisitions in other regions which meet its investment guidelines.
Headquartered in Boca Raton, Florida with offices in NYC
Over $200 million in assets under management
Diversified multi-strategy, multi-market investor
Multifamily operator—subsidiary directly asset manages 1,400 apartment units
Acquires quality, well-located properties in distressed or mispriced situations at a low cost basis, helping drive returns regardless of overall market momentum.
Concentrates investments in the less competitive middle market ($20-75 million price range) to produce better value opportunities.
Builds diversified portfolios across multifamily property sectors in various U.S. markets primarily located along the Eastern Seaboard as well as other regions which present attractive opportunities.
Couples its highly disciplined acquisition approach with prudent use of leverage in financial restructurings and asset management strategies, which take advantage of lease rollovers, tenant credit quality, and enhancement programs to help produce solid ongoing income in addition to appreciation.
Targets a minimum 15-20% gross leveraged returns in stabilizing and selling assets, including 8-10% returns from net current cash.
Thomas Gurney is responsible for all acquisitions, asset management, property management and investment activities for RAS Property Group. As a dynamic, results-oriented executive with 25+ years of experience he has managed over $3 Billion in assets, strategizing, originating and structuring complex domestic and international financing transactions.
Adam Heller is a Managing Partner of Heller Partners, LLC, which is a Co-Managing Partner of RAS Property Group. Adam is involved in all acquisition and investment activities, investor relations for RAS Property Group, and oversees the property management and property operations of the RAS portfolio of rental properties.
Michael Heller is a Managing Partner of Heller Partners, LLC, which is a Co-Managing Partner of RAS Property Group. Michael is involved in all acquisition and investment activities, and investor relations for RAS Property Group, including financial analysis, underwriting and accounting. In addition, Michael oversees the marketing and creative for the RAS portfolio of rental properties.