Remuda Capital Partners

re-MOO-daWestern U.S. multifamily

Current cash flow.
Measured upside.

Remuda Capital Partners acquires smaller Class B multifamily with current income, then improves it through lease-level evidence, natural-turn renovations, and accountable operations.

Start a conversation See the acquisition system
Two-story garden apartments and resident parking in warm evening light
Representative Class B target profile · not a Remuda-owned asset
Acquisition brief
Basis
$2M–$5M
Building
Class B
Rent-gap screen
15–20%
Income
Day one

01 How we invest

Four gates decide every acquisition.

Basis, building, cash flow, and work must pass together. A strong market never rescues a weak property.

01 / 04

Knowable basis

Passes when

Sales, taxes, insurance, debt, and downside support the entry.

Stops when

The price needs heroic growth or a perfect exit.

02 Where the upside comes from

Buy the rent gap. Earn the upside.

Remuda does not treat every below-average rent as value. The bridge from in-place rent to market rent has to survive lease-level diligence and the full cost of capturing it.

01

Prove the rent gap

Reconcile base rent, recurring charges, comparable units, unit size, and condition before assigning upside.

02

Price the work

Tie each unit plan to a defined scope, cost, downtime assumption, and supportable post-turn rent.

03

Improve at natural turnover

Sequence work as units turn, protect resident continuity, and avoid a plan that requires forced displacement.

04

Measure what happened

Compare achieved rents, collections, expenses, and completed work with the approved case—and stop when evidence changes.

Core-plus at entry.Value-add in execution.

Current yield first. Operational control second. Exit assumptions last.

03 What earns attention

Supply constraint opens the door. Property proof decides.

Remuda looks for existing garden-style and townhome-like housing in Western markets where attainable supply is difficult to replace and credible local execution is available.

Existing two-story workforce apartment building with durable exterior materials
Representative existing low-rise housing · visual context only
  1. 01

    Supply

    New construction, entitlement friction, replacement cost, and the realistic competitive pipeline.

  2. 02

    Demand

    Jobs, household formation, affordability, resident retention, and attainable-housing need.

  3. 03

    Execution

    Local operating depth, broker coverage, travel access, neighborhood knowledge, and transaction liquidity.

  4. 04

    Property proof

    The rent roll, collections, expenses, debt, physical condition, taxes, insurance, and exit still decide.

04 How ownership stays accountable

One property plan from source to report.

The original underwriting case stays connected to execution evidence, operating decisions, and communication through the full ownership lifecycle.

  1. 01

    Source

    Start inside the approved acquisition box.

  2. 02

    Verify

    Reconcile leases, collections, expenses, comps, condition, and debt.

  3. 03

    Plan

    Define the rent step, unit work, cost, reserve, and stop rule.

  4. 04

    Operate

    Execute locally and compare actual results with the approved case.

  5. 05

    Report

    Explain performance, misses, risks, and decisions in plain language.

05 The principals

Two partners. One acquisition standard.

Acquisition discipline, underwriting depth, multifamily finance, and relationship execution stay close to the work.

01 · Managing Partner · Acquisitions & Strategy

Cody Leivas

Cody leads acquisitions, underwriting, and asset strategy. His commercial real estate background spans principal investing, lending, credit analysis, deal structuring, and business-plan execution.

02 · Managing Partner · Finance & Relationships

Logan Zotovich

Logan brings national multifamily finance experience, with a focus on small-balance lending, transaction execution, and long-term borrower relationships.

Meet the principals

06 The strategy, in plain language

Questions that should be answered early.

01What does Remuda look to buy?

Existing Class B workforce multifamily in the Western U.S., generally garden-style or townhome-like, two stories or lower, and typically priced from $2 million to $5 million.

02What makes a property a mark-to-market opportunity?

Current base rents must be meaningfully below supportable market rent after adjusting for unit type, size, condition, recurring charges, and comparable evidence. Remuda generally screens for a 15–20% weighted rent gap.

03How does Remuda create value?

Through natural-turn unit improvements, leasing and collection discipline, resident experience, vendor accountability, and expense control—not market-wide rent growth or cap-rate compression.

04How are markets selected?

Supply constraint and durable housing demand earn attention, but local execution and property-level underwriting can overrule any market view. Each property must stand on its own economics.

05Does this site present an investment offering?

No. This site explains Remuda's strategy, team, and acquisition process. Any future opportunity would be evaluated separately, on its own facts, through appropriate legal materials.

07 Start a conversation

Bring the property. We will bring the questions.

Share the market, price, occupancy, current cash flow, rent evidence, and expected renovation scope. Nothing is collected on this site.

Email Cody Information only. No securities are offered through this website.