Acquire
Garden and townhome communities with fewer than 200 units, close to top schools, major employers, and everyday amenities.
What we do
We invest in value-add multifamily communities in the Valley’s infill submarkets, pairing disciplined decision-making and hyper-local expertise with a long-term perspective. Our focus is the resident: delivering Class A quality with the space and livability families need.
Reposition
Targeted renovation and operational improvements that elevate the resident experience and strengthen long-term performance.
Operate
Strong leasing and management teams, sharper marketing, and smart technology, guided by hands-on asset management.
Leadership
Ryan Kates
Founder
A Phoenix native, Ryan brings experience in acquisitions, capital markets, and development from three institutional real estate platforms, with more than $1 billion in closed transactions.
Most recently, Ryan led land acquisitions and development across Arizona and Texas for BB Living, a national build-to-rent developer.
At BB Hotels, an institutional family office, he was integral to the acquisition and repositioning of The Sanctuary Resort on Camelback Mountain and the development of The Denu, a ground-up hotel in downtown Phoenix.
He began his career at STORE Capital, a public net lease REIT, where he underwrote and closed acquisitions across a broad range of asset classes, including QSR, industrial, and medical office.
A graduate of McGill University with a degree in Finance and Accounting, Ryan is an active member of ULI Partnership Forum, where he served in a leadership capacity in 2025 and 2026. In addition, he is a member of the Phoenix 20-30 Club, a philanthropic organization focused on charities supporting Phoenix’s youth.
Outside of work, he is an avid hiker, golfer, snowboarder, chef, scuba diver, and world traveler.