Welcome to our portfolio of successful projects. Our collective track record demonstrates our ability to execute on our investment philosophy of value creation, capital preservation, and growth. From value-add initiatives to new construction and stabilized assets, our portfolio reflects the diverse strategies we employ to capture value and drive success.
Portfolio
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Smithville, MO (Kansas City MSA)
Center 48 Capital LLC identified an opportunity to purchase a new construction build-to-rent (BTR) townhome asset consisting of 64 townhomes units in the Kansas City suburb of Smithville, MO. The asset is well located near multiple employment hubs in Kansas City’s Northland and directly north of the META’s 6.2m SF and Google’s $1B data center. The business plan calls for an aggressive lease up strategy to stabilize the asset. Once stabilized, Center 48 Capital, LLC will refinance the debt into a fixed agency loan allowing for investors to enjoy ongoing cash flow.
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Overland Park, KS (Kansas City MSA)
Prairie Wolf Villas, will offer 160 units of 3 bedroom 2 bath, and 2 bedroom + den 2 bath, townhomes in Overland Park, KS. Buildings will consist of 3 units, 5 units, and 6 units, with a park, club house and pool amenity area. The development is a part of a 70 acre master development including commercial space and multifamily apartments.
Role: co-GP
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Woodbury, MN (Minneapolis MSA)
Seasons Villas, a 214-unit townhome community in Woodbury, MN. Sponsor will work to implement a light capital improvement plan, increase operational efficiency, and capitalize on the strong market fundamentals during the investment period by pushing rents to be more in line with the competitive set. Sponsor will also evaluate the opportunity to renovate the 26 remaining classic units as they become available.
Role: co-GP
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Liberty, MO (Kansas City MSA)
Center 48 Capital, LLC is under contract to develop a 52-unit Class A build-to-rent (BTR) townhome community in Liberty, MO. Liberty, MO is part of the KC MSA and is one of the most desirable, educated and affluent suburbs of Kansas City, MO. The site is situated adjacent to Warren Hills Elementary School and Montage Liberty a 1,100-acre mixed-use master-planned community. The site is 7 acres of open flatland and with the future land use designated as residential use. As a condition to closing, Center 48 Capital LLC will complete the entitlements for the site, which is anticipated to occur in Q2 2026.
Our Collective Experience
The success of Center 48 Capital is built upon the collective experience of its principals, who have a proven track record of working with a variety of partners to execute complex real estate projects. Our team's history of collaboration and successful transactions with other firms and investors is a testament to our ability to lead and manage projects effectively.
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Naples, FL
Project: Mixed-Use
Owner: GFI Capital Resources Group, Inc | Dolben Company | SK2 Capital
Architect: Borges + Associates Architects
Design Architect: Borges + Associates Architects
Development Budget: $165,000,000
Description: Ascent at Metropolitan Naples is a 575,000 square foot multifamily mid-rise apartment tower consisting of 270 multifamily apartments with ground floor retail and 439 spaces of structured parking. The project is part of the larger Metropolitan Naples master planned community.
Role: Development Executive
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Miami Beach, Florida
Project: Residential
Owner: 4701 North Meridian LLC [Elliott Management Company]
Architect: Choeff Levy Fischman Architects
Design Architect: Lissoni + Partners Architects
Development Budget: $72,000,000
Description: Development of 14 single family homes which are part of a larger condominium association containing 110 mid-rise condominium units and a model single family home.
Role: Owner's Representative / Development Executive
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Liberty, Missori
Returns: IRR 24%
Asset Value: $56mm
Description: Copper Ridge Apartments is a 292 unit class A multi-family residential building consisting of six (6) residential buildings surrounding a central club house.
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Kansas City, Missouri
Project: Multi-family
Returns: IRR 11.2%
Owner: GFI Capital Resources Group, Inc
Architect: NSPJ Architects
Design Architect: Lowery Design
Development Budget: $26,000,000
Description: RM West Phase II is a 120 unit class A multi-family residential building with a central clubhouse and leasing office that will service the previously developed 137 unit Phases I. The project amenities include onsite enclosed and surface parking, bicycle room, rooftop deck with cook center and fire pit, storage, resident lounge, business/study center, pet wash and fitness/yoga rooms. The property will share amenities with Phase I, including a pool, lounge and expanded fitness center.
Role: Project Developer
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Savannah, Georgia
Returns: 25.5% IRR
Asset Value: $55.3mm
Description: 2017 construction, 256 unit suburban garden style class A multifamily
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Kansas City, Missouri
Returns: 10% IRR
Asset Value: $32.5mm
Description: Class B+, 224-unit multi-family walk-up property located off Country Club Plaza in KCMO. The property consists of 12 predominantly three-story apartment buildings. The property was constructed originally in 1947 and underwent a $6mm renovation from 2015 to 2017.
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Bellville, Michigan
Asset Value: $79mm
Description: 1,112 unit asset located in Bellville, MI between Detroit and Ann Arbor Michigan. Asset amenities include leasing office with club house, fitness center, pool, play grounds, group picnic area, 9-hole executive golf course and boat dock along Bellville Lake.
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Liberty, Missouri
Returns (projected): 16% IRR
Asset Value: $29mm
Description: Class B, 208-unit multi-family walk-up property located in Liberty, MO. The property consists of 12 three-story apartment buildings. The value-add program includes renovating 188 units, building exterior improvements and adding common area amenities. Newly constructed and improved amenities include: bark park, fitness center improvements, central grilling area, fire pit with seating and carports. Renovation budget is $2.5mm.
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Dania Beach, FL
Returns (projected): 24% IRR
Asset Value: $130m
Description: Class A, 301-unit multi-family midrise apartment building located in Dania Beach, FL. The asset is an 8 story apartment building. Project amenities include leasing office, coworking space, fitness center, pool, marina with 10 slips, zen garden and bbq area. The asset was challenged with several lease up deals in the submarket, low occupancy and property management firm turn over.