Opportunity to be considered as a key partner- Wed, June 19th at 9pm EST/8pm Cst/6pm PST- Join Here

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Allendale Village Apartments

Monisha Nabar
​Carlsbad, CA

Dave Tangren
​Atlanta, GA

Priscilla Cheng

Sudhir Joshi

Prasad Jakka
​Seattle, WA

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A Great success with huge rent INcreases and margins SOLD for almost 2X purchase price

Meet Josh

We've built a ~$25 million portfolio of multifamily properties.

I purchased my first rental property in Florida in 2010. I switched to multi-family shortly thereafter once I realized that the path to scale and grow a massive portfolio was through buying apartments. I started Three Pillars Capital Group and have built an amazing team and portfolio. We continue to grow to $100M by 2019.

Our primary focus is on acquiring opportunistic Class B & C multifamily properties. We look for properties that are in need of new management and operational policies, interior and exterior renovations and various other inefficiencies. So far, my team and I have done a phenomenal job in creating value for our tenants and investors. You can explore more here and on our other website Three Pillars Capital Group.

Kyle Bryant,
​Key Partner on Rio Sereno Apartments

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Prasad Jakka, General Partner, Seattle, WA

He was a KP on Rio Roble Apartments.  Immediately after that, he wanted to do more deals. He has been a general partner on almost every deal after that building a nice portfolio along the way.

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Monisha Nabar

Deal Summary:​ This is a property that fits well in TPCG's portfolio. The play for this property is similar. The sub-market is a very dense and a solid Class C market and it was 100% occupied on take over. The leasing strategies used on the other properties continue to perform well will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 100%

Post Rehab Rent Increase Expected: ~20%

NOI Increase Expected: 45%-60% (based on conservative underwriting)

Expense Ratio Expected: Avg. 40-45% over hold period

Key Partners: Select after extensive interviews.

Tom Inman
​Stamford, CT

Deal Summary:​ This is a property that fits well in TPCG's portfolio. The play for this property is similar. The sub-market is a very dense and a solid Class C market and it was 100% occupied on take over. The leasing strategies used on the other properties continue to perform well will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 95%

Post Rehab Rent Increase Expected: ~10-15%

NOI Increase Expected: 45%-60% (based on conservative underwriting)

Expense Ratio Expected: Avg. 45% over hold period

Key Partners: TPCG selected no key partners for this project. KPs are only selected based on relationships. 

Dan Kostopolus,
​Key Partner on Inwood Meadows Apartments

Casa Roble Apartments

la sonrisa Apartments

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Bharat Kadia,
​Fairfax, VA

4 Key Partners partnered up to do their own deal

JP from New York, Steffen from Houston, Rory from Charlotte and Dan from Portland were selected as Key Partners after much consideration. 

After months of going through the operations as a KP, they were given the opportunity to take down their own multi-million dollar apartment deal- Monterrey Vista Apartments.

We introduced them to one another and gave them their own off-market deal that the seller brought to us. We introduced them to our team at CBRE to get them a Freddie Mac deal and signed on as the sponsor. We introduced them our attorney, CPA, etc. 

Key Partner
Under Consideration

Deal Summary:​ This is a property that fits well in TPCG's portfolio. The play for this property is similar. The sub-market is a very dense and a solid Class C market and it was 100% occupied on take over. The leasing strategies used on the other properties continue to perform well will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 100%

Post Rehab Rent Increase Expected: ~20%

NOI Increase Expected: 45%-60% (based on conservative underwriting)

Expense Ratio Expected: Avg. 40-45% over hold period

Key Partners: Select after extensive interviews.

Chi Zhang
​San Francisco CA

Jeremy Zinger
​Toronto, Ca

Steffen Van Doesburg
​Houston, TX

Joshua D. Welch
Co-Founder
Linkedin

Rio Sereno Apartments

Sycamore gardens Apartments

Deal Summary: This acquisition is a great success for all involved. It needed a ton of work. Rehab started soon as TPCG took over. The rehab was under budget and completed 2 weeks ahead of schedule. The property is located in a very dense Class C market. Competing properties are also very inefficiently managed, making them a perfect acquisition target. TPCG created a new leasing process that results in more engagement with prospective tenants, which ultimately resulted in a quick turnaround with 90% boost in rents with 100% occupancy.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Post Rehab Occupancy: 100%

Post Rehab Rent Increase: From $495 to $950 (92%+)

NOI Increase: By 2.5X (new NOI is 2.5 times pre-rehab NOI)

Expense Ratio: 27% (down from 58% pre-acquisition)

Key Partners: No KPs were selected

Income Properties Portfolio

Dan Kostopolus
San Diego, CA

Tom Inman,
​Key Partner on Rio Roble Apartments

Key Partners under consideration right now

Vishal Didwania, General Partner, Chicago, IL

​Vishal is a KP on La Sonrisa Apartments and wants to do more deals. He was offered a chance to become a General Partner on Sycamore Gardens. Now he is building is portfolio and building a great track record! 

See what some of our great key partners have to say:

Daniel Holmlund
​Jackson, WY

For private conversation about getting selected as a key partner, fill out this form- Key Partner Form.


Key Partner case studies: After KP become a general partner or partner up with other kps to do your own deal

Deal Summary:​ This is a property that competes with TPCG's previous acquisition. They have a full understanding of the sub-market and their previous property leads the market in rents being charged. The play for this property is similar. The sub-market is a very dense and solid Class C market. The leasing strategies used in Casa Roble will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 100% (gives a cash flow cushion going in with ability to give investor distributions)

Post Rehab Rent Increase Expected: ~30%

NOI Increase Expected: 45%-60% (based on conservative underwriting)

Expense Ratio Expected: Avg. 40% over hold period

Key Partners: TPCG selects Key Partners after extensive interviews.

Deal Summary:​ This is a property that competes with TPCG's previous acquisition. They have a full understanding of the sub-market and their previous property leads the market in rents being charged. The play for this property is similar. The sub-market is a very dense and solid Class C market. The leasing strategies used in Casa Roble will apply to this property as well. The construction crew and maintenance team will be the same. They understand tenant demands in this market and know how to cater to them.

Management Team: Three Pillars Capital Group

Rehab Manager: Fernando Zamarripa

Pre-Rehab Occupancy: 100%

Post Rehab Rent Increase Expected: ~20%

NOI Increase Expected: 45%-60% (based on conservative underwriting)

Expense Ratio Expected: Avg. 40% over hold period

Key Partners: Select after extensive interviews.

completed acquisitions and deals below

Rory Cummins,
​Key Partner on Sycamore Gardens Apartments

Kyle Bryant, ​General Partner, Houston, TX

​After Kyle was selected as a KP on Rio Sereno Apartments, he wanted to do more deals. 

He became a General partner on Sycamore Garden Apartments.

Rio Roble Apartments

Chi Zhang

Kyle Bryant
​Houston, TX