VENTURES
Useful properties.
Generational perspective.
Draymoor Ventures seeks useful, cash-flowing real estate that supports housing and the physical economy. We begin with what a property enables, the demand behind it, and how difficult it would be to replace.
What we are looking forA narrow search.
A high bar.
We look for durable income at a defensible basis, with conservative debt and a practical path to long-term ownership. Growth is welcome upside; in-place economics and the property’s continuing usefulness must carry the investment.
Midwest multifamily
A cash-flow-oriented track emphasizing conservative basis and debt amortization. Property-level fit and current income lead the review.
South & Mountain West multifamily
Existing 4–70 unit properties with current income, professional management potential, and a 10–20+ year ownership horizon.
Industrial & operating real estate
Small-bay industrial, flex, shops, yards, storage, logistics, and credible adaptive reuse serving multiple customers, industries, or routes.
Start with
the work.
We trace freight, production, housing, and service demand to the space they require. Access, layout, infrastructure, uptime, and replacement users matter more than a single growth forecast.
In-place income
Existing cash flow or a short, identifiable path to it. Rents and tenant affordability must hold up under scrutiny.
Defensible basis
Test replacement cost, realistic capital work, environmental and use constraints, and conservative financing.
Durable demand
Identify the bottleneck a property solves and the next users if a tenant, route, project, or cycle changes.
Downside discipline
Pass on peak-cycle rents, speculative rezoning, one fragile demand source, or a turnaround requiring heroic assumptions.
Two housing tracks.
Operating real estate.
For Western multifamily, test geography, zoning, infrastructure, replacement cost, rental-stock scarcity, and the supply pipeline. A temporary construction pause is not a lasting moat. We generally seek an actual stabilized going-in cap rate around 5.5–6.0% or higher where achievable; a lower yield requires unusually strong scarcity, basis, location, and identifiable upside.
Follow freight and production flows to the staging, repair, supplier, contractor, and maintenance space they require. Test access, layout, compliance, operating flow, and whether the building stays useful when a route, project, cycle, or tenant changes.
Underwrite in-place income, tenant affordability, capital work, environmental and use constraints, and replacement users. For industrial opportunities, we favor at least 1.25× debt-service coverage with fixed-rate long-term debt or appropriately structured seller financing. Succession sales, sale-leasebacks, distress, and overlooked assets can be attractive when the economics stand on their own.
Specific opportunities are evaluated on property-level facts; these screens are guides, not a promise to acquire.
Share an
opportunity.
We welcome discreet introductions from owners, brokers, developers, and aligned investors. A concise overview of the property, location, ownership, and situation is enough to begin.
Steven@DraymoorVentures.com