Value-Add GP
Grow meticulously, execute relentlessly, return consistently.
Grow meticulously, execute relentlessly, return consistently.
Growth
Our approach to growth is rooted in the idea of focus. In the world of multifamily investments, potential “opportunities” are plentiful and for companies committed to growth, the temptation of chasing them all can become irresistible. At Ridgecore, we have a singular investment thesis and we have purposefully built our core competencies to support it. While this can be self-limiting in terms of growth, we feel it is critical to leveraging our strengths and experience to promote the best investment outcomes. Grow meticulously.
Execution
At the end of the day, investing is all about making assumptions about the future – which is invariably a difficult endeavor. While there are certain things that will always be outside of our control, we have built Ridgecore to maximize variables within our control. As a vertically integrated multifamily investment company with in-house property management and construction management, we own the performance of the assets with nowhere else to point the finger. As a result, we are obsessively committed to maximizing performance at every level of the organization. Execute relentlessly.
Produce Consistent Returns
Real Estate as an asset class is cyclical. Cyclicality inherently suggests inconsistency. While there are inevitably unpredictable events in the lifecycle of every investment, at Ridgecore, our chief goal is to produce consistent returns. In connection with our investment thesis, our projected returns are not contingent upon unbridled optimism for cap rate compression, fortuitous organic rent growth or aggressive renovation rent increases. Our underwriting approach aims to conservatively forecast what we can consistently return to investors. Return consistently.
Leadership
John Gordon
Managing Principal of Ridgecore
John Gordon has worked exclusively in the multifamily asset class for over 15 years.
Has led acquisitions, asset management, underwriting and originations for both publicly traded and private funds.
Mr. Gordon has experience in closing over 16,000 units totaling $1.5 billion between market rate and affordable projects, most notably HUD, LIHTC and tax-exempt bonds.
He is a Nebraska licensed real estate broker and earned a degree in finance from Creighton University.
David Koehler
Managing Principal of Ridgecore
David Koehler started investing in multifamily over 15 years ago.
Mr. Koehler brings a unique perspective to the multifamily space, having spent the first part of his career as a CPA with KPMG before transitioning into management roles with P&L responsibility for various businesses.
Has experience leading acquisitions and asset management, closing over 2,500 units exceeding $300 million between market rate and affordable projects.
He earned a degree in accounting from Creighton University and an MBA from Indiana University.
