$15M
IN NEW ACQUISITIONS
DURING 2019
65
PROPERTIES PURCHASED
BY PRINCIPLE
10+
YEARS OF DEVELOPMENT
EXPERIENCE IN KC
WE BELIEVE IN BEAUTY, SIMPLICITY AND FUNCTION. THAT INTENTIONALLY HAVING LESS CAN BE MORE. THAT “PERFECTION IS ACHIEVED, NOT WHEN THERE IS NOTHING MORE TO ADD, BUT WHEN THERE IS NOTHING LEFT TO TAKE AWAY.”
FEATURED PROJECTS
Beautiful, eco-friendly and affordable. Introducing Kansas City's first multi-family housing project using recycled shipping containers. New-build and incentive-free, this development will bring 48 high-end studio apartments to the heart of Midtown.
$103K
ACQUISITION
PRICE
$3.6M
TOTAL PROJECT
COSTS
$51K
COST PER
UNIT
$4.7M
EST. STABILIZED
VALUE
From abandoned warehouse on Martini Corner to future home of Kansas City’s best local brands. We had the vision to turn a blighted property into a coveted commercial destination, the insight to increase profitability with tax incentives from the city and the construction talent to create floor plans that best support our core tenants, Made in KC and Space.
$500K
ACQUISITION
PRICE
$2.4M
RENOVATION/
SOFT COSTS
90%
PRE-LEASED DURING
RENOVATIONS
$4.6M
EST. STABILIZED
VALUE
STUDIOS ON
BROADWAY
Another neglected property in a great location. Following an extensive rehab process, we were able to take rent from $350/month to $750/month, return 115% of investor equity in just three years and give the community a valuable housing option close to Concorde, MCC and everything Midtown has to offer.
$1.5M
ACQUISITION
PRICE
$2.1M
RENOVATION/
SOFT COSTS
$6.2M
CURRENT
VALUE
YES
INITIAL CAPITAL
RETURNED
DEER
RUN
A soon-to-be standout apartment complex in Grandview. After buying this 128-unit property on the verge of being condemned, we leveraged 12+ years of KC construction experience to source materials, manage costs and engineer value on every level of the rehab process. All in an effort to maximize returns and deliver the best housing option in the area.
$3.3M
ACQUISITION
PRICE
$3.4M
RENOVATION/
SOFT COSTS
$10.5M
EST. STABILIZED
VALUE
YES
EXCEEDED PRO
FORMA REVENUE
SOUTH
MORE
LAND
Named Kansas City’s best B&B in 2019. By identifying underutilized common area to create additional revenue-generating units, and matching our construction talent with one of the best interior designers in KC, we were able to breathe new life into an already outstanding hospitality asset.
$2.15M
ACQUISITION
PRICE
$475K
RENOVATION/
SOFT COSTS
14%
MORE UNITS POST
RENOVATION
$3.9M
EST. STABILIZED
VALUE
OAK ST
MANSION
A premiere boutique hotel located by the Nelson-Atkins Museum and curated by KC artists. In addition to leveraging a 92% seller carry to improve our capital stack and increase returns for investors, we completed the renovation process on time and on budget, resulting in one of the most beautiful properties on the Plaza.
$1.25M
ACQUISITION
PRICE
$265K
RENOVATION/
SOFT COSTS
10.1%
PROJ. STABILIZED
CAP RATE
$2.8M
EST. STABILIZED
VALUE
LEADERSHIP
PAUL NAGAOKA
CHIEF EXECUTIVE OFFICER
Paul started studying, “No Money Down Real Estate Investing,” when he was 12 years old. After high school, he used the money he made from another business venture to start investing in real estate. Over the past 14 years, Paul has purchased more than 50 properties totaling 400+ residential and commercial units, built an internal support team of 35 including a construction crew, a property management company and a finance division. Now, in the latest chapter of his career, Paul believes in a more collaborative approach to real estate development. He chose the name Syndicate for its definition: a group of individuals or organizations coming together to do something greater than we can do on our own. Paul and his family have lived in Kansas City for more than a decade.
PRESS
CONTACT
325 E 31ST ST, KCMO, 64108