Property Group


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.


  • Target Properties: Acquire multifamily properties that present specific characteristics matching RAS’s core plus and value-add investment themes discussed below.

  • Target Returns: 6% – 9% current yield, 15% – 18% Gross property-level IRRs, 1.8x Gross property-level equity multiple, 5 – 10 year holding periods, and moderate 65% – 70% LTV debt financing.

  • Geographic Focus on Six South East Coast Markets where RAS has deep knowledge and strong relationships:

    • Florida, North Carolina, South Carolina, Georgia, Tennessee, Alabama (the “Target Markets”).

    • Suburban submarkets with growing population and employment, and balance between supply and demand.

    • Avoid low-cap rate markets such as Atlanta and Charlotte by concentrating on markets with less intense investment competition.

  • Multifamily Strategy: Target core plus as well as undercapitalized and undermanaged 200 to 400 unit Class A / B- multifamily, typically less than 10 years old, reposition to A / B+ with typical investment of $5,000-15,000 per unit.

Executive Team