Value-Add Multifamily · Florida & the Southeast

Vintage apartment communities in neighborhoods people choose to live in.

Aurigem Capital Partners buys Class B and C multifamily in safe neighborhoods with the demand drivers that keep units full: excellent-rated schools, jobs, health care, shopping and entertainment close by. We renovate, reposition and hold for five years, underwriting every deal to fixed return gates. For accredited investors.

2.0x+
equity multiple
6%+
cash-on-cash
15%+
internal rate of return
5 yrs
target hold

Underwriting gates every deal must clear at our price. They are thresholds, not projections of any offering.

What we buy

A narrow buy box, applied without exception

  • Asset: vintage Class B and C garden and townhome communities with a clear value-add plan: unit interiors, exteriors, amenities and operations.
  • Neighborhood: safe, established areas with excellent-rated schools, employment, health care, shopping and entertainment within a short drive.
  • Markets: Florida and the Southeast (the Carolinas, Tennessee, Georgia), plus select Midwest metros with the same demand drivers.
  • Size: $3M to $5M equity raise per deal, roughly $8M to $15M total capitalization.
  • Debt: 65 to 70 percent loan-to-value, fixed-rate or agency where available, sized to positive leverage from day one.
  • Hold: five years. Renovate and stabilize in years one and two, operate, then refinance or sell.
Return gates

Every deal clears these before we make an offer

Five-year value-add hold. These are the thresholds our underwriting must clear at our price. They are not projections of any specific investment.

2.0x+
equity multiple
6%+
average cash-on-cash
15%+
internal rate of return
15%+
average annual ROI

Average annual ROI is total profit divided by equity invested, divided by hold years. A 2.0x multiple over five years is a 20 percent average annual ROI.

The principals

Four operating companies, one platform

Aurigem was formed by the principals of BM Capital, Areev Properties, ResideRise and Jewel Equity Group. Each brings a working business, hands-on renovation and operating experience, and a seat at the table on every acquisition.

Cindy Garcia

Cindy Garcia

Acquisitions, Underwriting & Capital Raising
ResideRise
Dany Chintesh

Dany Chintesh

Underwriting, Construction & Operations
Areev Properties
Bijal Gajendra

Bijal Gajendra

Co-Sponsor & GP Partner
Areev Properties
Benjamin Mandell

Benjamin Mandell

Acquisitions & Capital Structuring
BM Capital
Hemant Pawar

Hemant Pawar

Asset Management & Sponsorship
Jewel Equity Group

Meet the team

Key principal partners

Institutional balance sheets behind our offers

TR3 Capital
Key principal · transactions up to $10M

Austin-based value-add multifamily investor led by Matt Teifke, with a Texas portfolio built through long-term ownership and partnerships.

Impex Capital Group
Key principal · transactions above $10M

Houston-based owner-operator with more than $2.1 billion of real estate across roughly 20 states, including over 10,000 multifamily units acquired.

Key principal participation is determined deal by deal and confirmed in each transaction's offering documents. About our partners

Accredited investors

See the next opportunity before it closes

Email a principal to join the investor list and receive our underwriting on upcoming acquisitions. Offerings are made under Rule 506(c) to verified accredited investors only.

Contact a principal