Ballast is a vertically integrated owner-operator of residential properties in the Western United States. The firm was founded in 2014 by Principals with extensive residential experience and a working relationship that dates back to 2007. The Ballast team has a proven track record of acquiring, managing and repositioning residential properties. With over $2.0 billion of assets under management, Ballast oversees all aspects of the property journey with dedicated in-house teams partnered with an institutional platform of third-party relationships. Ballast specializes in low and medium density multifamily, campus adjacent student housing and single-family homes. The team has discovered these assets are typically sold by non-institutional owners and overlooked by the asset management industry, creating price dislocation and favorable buying opportunities. In addition to favorable pricing, these undermanaged properties present Ballast with meaningful rental upside, underutilized square footage, and value optimization opportunities not as prevalent in institutionally owned assets. We take a unit-by-unit approach to value creation. Sometimes it’s as simple as light, cosmetic upgrades.... Read More