OUR FOCUS
Core Competencies
Central Development Group, LLC and our Co-Sponsor, Freeland Ventures have acquired, renovated, managed, and currently hold more than 3,000+ apartment units and senior care homes valued at over $265,000,000. Our business model allows us to oversee all project management, staff, operations and compliance ensuring residents a consistent, value-oriented approach that drives success.
By bringing together extensive market research and proprietary data, Central Development Group, LLC is best positioned to analyze market cycles and anticipate trends in any market. We follow a thorough data-driven approach for each investment, and always aim to deliver low-risk, high-return opportunities.
Central Development Group, LLC seeks to develop investment partnerships anchored in integrity, trust, transparency, and a clear-cut alignment of interests. It’s a simple commitment and framework that encompasses every contact, every conversation, every analysis, and every investment opportunity.
We acquire most of our deals off-market, typically direct from the seller, which provides an added layer of value to our investors and partners. We implement targeted direct marketing aimed at building owners and property managers, while continuing to work with teams of brokers, lenders, local professionals, and other key industry contacts to identify these properties before they hit the market.
Multifamily Real Estate In Today’s Market
The 2008 recession pushed more Americans away from traditional homeownership and today, the effects are still being felt, especially on the millennial market. In short, there is always—and will always be—a large demand for well-priced rentals in key markets. Likewise, the Baby Boomer generation involves 77 million seniors, many needing assistance with activities of daily living. Our boutique model fills the void between residential care and skilled nursing care while providing a consistent, compassionate environment as our residents “age in place”.
Freeland Ventures, Central Development Capital Holdings, LLC and our investors are focused on leveraging targeted opportunities within the multifamily and senior housing sectors. By acquiring strategic properties, our organization is able to deliver stable cash flow and long-term appreciation, without the risk or the guesswork.
Renters at Every Age & Stage
Seeking to downsize, early-stage Boomers are scooping up leases, with many looking to shorter-term temporary rentals in cities, college towns, and vacation hotspots. On the other end of the spectrum, millennials are in search of long-term rentals which better enable them to set down roots and start families in choice communities. Neither necessarily wants to buy—many adopt a “try-before-you-buy” approach or, simply, don’t have the resources to make a home purchase. But at the same time, both want to define “home” on their terms. At the moment, that means a quality rental.
Investment Strategy & Execution
Acquisition Strategy
Once acquired and funded, Freeland Ventures focuses on renovating and stabilizing investment properties. By drilling down on these often-distressed properties, we’re able to acquire high-value, high-demand properties in prime locations which, post-rehab, command significant rental income month after month, year after year.
Target Properties
"Distressed" "B" Class apartment buildings requiring cosmetic upgrades, modernized unit turns, updated amenities, software integration for tenants and high touch management
Under-performing properties with market and/or management-related challenges
Off-market opportunities and direct-to-seller opportunities that can be negotiated directly with owner(s)
Primarily focused specifically on Northeast Ohio Assets in the Cleveland, Akron, and Canton markets
Secondarily focused on strategic markets throughout Ohio such as Columbus, Dayton, and Cincinnati
Thirdly partnering with JV partners and Co-Sponsors throughout the Midwest and Southeast
Fourthly acquiring and developing Residential Assisted Living Communities in the Midwest.
To that end, our strategy typically centers on secondary & tertiary markets with sizable populations, and steady economic growth. We anticipate these areas to increase in growth, opportunities and rental needs over time, making them ideal markets for pursuing multifamily investments. As interest rates and housing prices continue to climb, this will enable our investments to remain competitive with high-return potential.
Buying Criteria
Whether you’re coming to Central Development Group, LLC as a passive investor, buyer, seller, or real estate broker/agent, you’ll want to know how we run our business and the properties we buy, owner/operate, and invest in. It’s important to us to show transparency, integrity, and accountability as part of our core values. To keep our reputation as Central Missouri’s and Ohio’s leading real estate investment solutions company, we need to follow strict purchasing criteria. Here’s your opportunity to look "under the hood" at our criteria.
What We Buy
Our primary aim in buying properties is Class B real estate. These Class B properties are typically found in neighborhoods with growing desirability, stable employers, middle incomes, and well-regarded school systems. We look for value-add properties. We work with sellers and brokers who have off-market properties and want a quick, discreet sale with confidence that buyers can close.
Do you own apartments or multi-family? Have a property for sale? Or a client who’s selling? We’re buying them!
We look for value-add commercial apartment buildings as well as residential multi-family properties (2-4 units) in the sub-markets around:
Cleveland, OH
Akron/Canton, OH
Columbus, OH
Kansas City, MO
Columbia, MO
Wichita, KS
For the areas’ larger commercial apartment buildings, we look in the range of $2M and up. Properties with 40 - 500 units fall into this category. For residential multi-family, our price range is $75k-250k. These properties should have 2-4 units to qualify.
Overall, we look for cash-flowing apartments and senior care homes primarily in the Midwest. Our goal is to buy, stabilize, increase rents, refi, and pay off with lenders and investors quickly—typically within 18-30 months or less! We then hold the property to create long-term wealth for us and our investors.
Why?
These criteria help us stay true to our core values. We look for that good initial cash flow to provide stability in financing. That cash flow lets us quickly make the property improvements needed to stay compliant. By purchasing with a bridge loan or Fannie Mae/Freddie Mac permanent loan, we are better able to keep our investors’ preferred returns at 8-10% until refi. That way, we can provide financial security and freedom for our Limited Partners with a growing return on investment each year.
Project/Transactional Life Cycle
Property Discovery & Acquisition
Once we’ve identified potential opportunities, our expert team filters based on key factors—including price, location and asset quality. This process ensures we only acquire investment properties that meet our goals and expectations, and that will pass the stringent underwriting process that follows
Underwriting & Funding
The initial underwriting process kicks off with our comprehensive 53-step extensive due diligence schedule that taps into our extensive structuring expertise. From onsite inspections to a financial deep dive to mitigating potential risks while maximizing rewards, we dig deep on each potential deal, with only the most qualified moving forward to be approved for funding and purchase.
Renovations, Property Development & Ongoing Value Add
Central Development Group, LLC focuses on renovating each investment property. To build value, our team is able to refresh or overhaul underperforming assets, which would drive up rents and increase interest. This immediately improves cash flow and long-term capital appreciation, while limiting ongoing maintenance expenses. This creates a more valuable asset for all parties.
Our partners and investors receive quarterly updates during the renovation process. Between these check-ins, our team is also available via phone or email as needed.
Stabilizing & Refinancing Assets
Once the property is stabilized for 90 days, we refinance the property with long-term financing at a fixed interest rate. At that time, we pay back the acquisition loan and equity investors in full. With long-term debt in place, investors maintain equity in perpetuity and receive quarterly cash flow distributions and property financial statements.
Managing & Operating Structured Assets
While choosing high-potential investment properties is essential, at the end of the day any asset can only perform as well as it’s managed. At Freeland Ventures, we’re invested in not just our properties but also in the systems, processes, and tools needed to successfully manage a portfolio of income-producing assets across multiple markets.
Passive Investor Process
Our Investors Are Protected
Protected by insurance on property
Secured through the Operating Agreement, Private Placement Memorandum and Subscription Agreement
Secured as limited partners with no liability
Asset Management Structure
READY TO GET STARTED?
We look forward to welcoming you to our investor community.
(573) 442-2727
1312 Westview Terrace, Columbia MO Missouri 65203
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