At CommercialVista Investments, we specialize in unlocking the hidden potential of underperforming multifamily properties in high-growth U.S. markets. Our team combines decades of capital raising, syndication, and operational expertise to deliver strong, risk-adjusted returns for our investors.
Led by seasoned partners Brad Blazer and Michael Blank, we leverage proprietary deal sourcing, in-house property management, and value-add renovation strategies to maximize asset performance and investor returns. Our vertically integrated approach ensures transparency, alignment, and consistent income through an 8% preferred return and targeted 14–18% IRR.
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Structural Demand
Household formation outpaces supply, and migration plus delayed homeownership keeps renter pools growing.
Rent-Vs-Buy Affordability
Renting remains materially cheaper than owning, locking in demand even in uncertainty.
Forced Appreciation
Direct control over rents operations, and light renovations enables predictable NOI growth and value creation.
Scale & Efficiency
One asset services dozens to hundreds of tenants with vertically integrated management lowering per-unit costs and execution friction.
Why CommercialVista Investments
CommercialVista delivers high-upside multifamily opportunities with transparent returns, in-house management, and proven strategies for lasting value and investor alignment.
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Proprietary Deal Flow
Off-market sourcing in mid market multifamily backed by demographic, migration, and operational signal screening to find mispriced value-add assets.
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Passive, Aligned Income
Investors receive an 8% preferred return with GP co-investment and a transparent waterfall—
alignment built-in, upside shared.
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Attractive Risk-Adjusted Returns
Targeting 14–18% IRR and ~2.0x equitymultiple through forced appreciation, occupancy gains, and cap rate arbitrage.
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Vertical Integration
In-house property management and operations reduce inefficiencies, cut turnover costs, and accelerate stabilization.
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Investor Transparency & Tax Efficiency
Real-time investor portal with performance dashboards, distribution tracking, secure docs, and automated alerts
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Flexible Capital Stac
Syndicated equity structured to accept cash, self-directed IRAs/401(k)s, trusts, and other vehicles, widening access for passive investors.
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1
Source & Underwrite
Renting remains materially Target mid-market multifamily in growth/migration corridors using demographic and rentgap signals and screen with conservative pro Formas. Demand even in uncertainty.
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2
Capitalize & Acquire
Syndicate equity (LPs + GP coinvest) with 60–65% bank debt, set up preferred return/waterfall, and close on selected assets.
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3
Execute & Stabilize
Deploy in-house management and targeted renovations to lift NOI and occupancy, with optional refinance poststabilization.
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4
Exit & Distribute
Sell or recapitalize at higher value, return capital + preferred returns, and share upside per the waterfall.
We target mid-market multifamily in growth corridors, using demographic trends, rent-gap analysis, and operational insights to find off-market, high-value opportunities.
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. 01
Demand Momentum
(Population & Migration) -
. 02
Job Diversity & Stability
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. 03
Rent Gap / Value Opportunity
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. 04
Supply vs. New Supply
Constraints
we filter for highupside, mid-market multifamily
. 05
Operational Inefficiency
. 06
Owner Motivation / Distress
. 07
Regulatory &
Landlord Friendly Profil. 08
Execution Alignment (Timing + Management Capacity)
capital stack
Each deal is funded with 60–65% bank senior debt, approximately 30– 35% limited partner equity, and a 5–10% GP co-investment to
ensure alignment.
investor economics
Investors receive return of capital first, then an 8% preferred annual return, after which the sponsor catches up, and remaining upside is split 70/30 (LP/GP) with a step-up to 60/40 if the project exceeds a 16% IRR.
Hold & Liquidity
4–6 year target hold; stabilize years 0–2; optional refinance year 2–3; exit thereafter
Key terms
$100K; preferred return: 8% annually; target investor IRR: 14–18%; equity multiple goal: ~2.0x; quarterly distributions after preferred.
Our seasoned experts bring decades of capital raising, syndication, and property management experience, ensuring every investment is strategically sourced, efficiently operated, and positioned for maximum returns.
Jonathan Nichols
is a real estate investor local to the DFW metroplex. He began his REI career after having worked for almost ten years in the aerospace engineering industry as a propulsion engineer where he analyzed and integrated turboshaft engines on helicopter platforms.
He holds a B.S. degree and a M.S. degree in Aerospace Engineering from Texas A&M and Virginia Polytechnical Institute respectively. He and his wife Paula first began their investing journey in 2018 and have undertaken numerous different types of projects before forming their multifamily investing company Apogee Capital in 2019. His real estate experience includes 8 multifamily and 1 self-storage projects totaling 1000 units as a general partner and another 1000+ units as a limited partner.
Additionally, he has a 20+ unit portfolio of residential real estate investments used as short term-rentals in the Arlington Entertainment District. Known as a person with a high work ethic, Jonathan enjoys helping others to achieve their goals (financial or otherwise). Outside of work, he enjoys spending his time racing in Ironman triathlons and traveling with his wife.
Paula Nichols
is a real estate professional with experience in project management, investment analysis and contract negotiation. Paula and her husband, Jonathan, co-founded Apogee Capital a real estate investment firm focused on supporting the financial growth of their clients by providing them with the opportunity to passively invest in multifamily apartment syndications.
Paula began her career as a management consultant where she worked on multiple projects with clients in the banking and utility sectors. After years of building her personal real estate portfolio while working as a management consultant, Paula joined The Nehemiah Company, a real estate development firm, where she manages a portfolio of build to rent communities valued at ~$270M.
She holds a B.S. degree in Business Administration – Finance from Texas A&M University. Paula is a licensed real estate agent and a certified ScrumMaster®
Ram Ravula
Sr. Database Architect | Certified Deal Maker | SAFE Agile Certified | Multifamily Real Estate Investor
Ram Ravula is a seasoned professional with over two decades of experience leading high-impact technology and investment initiatives. With a solid foundation in enterprise IT as a Senior Database Architect, Ram has built and managed mission-critical data systems for Fortune 500 companies, leveraging his deep expertise in system architecture, performance optimization, and data governance.
Alongside his thriving tech career, Ram has strategically built a successful real estate investment portfolio focused on multifamily assets. As a Certified Deal Maker and SAFE Agile Certified leader, he brings a unique skill set to the multifamily space — combining data-driven analysis, agile execution, and a strong focus on team collaboration and investor value.
Ram specializes in sourcing, analyzing, and managing value-add multifamily opportunities in emerging and stable markets. He is passionate about helping investors achieve consistent, passive income and long-term wealth through professionally managed real estate assets. His approach is grounded in transparency, due diligence, and operational excellence.
Through his experience as both a technologist and an investor, Ram offers a compelling blend of analytical rigor and entrepreneurial drive. He partners with like-minded investors, operators, and capital groups to co-create scalable real estate ventures that generate impact and solid returns.
Core Competencies:
- Capital Raising & Investor Relations
- Multifamily Underwriting & Asset Analysis
- Deal Structuring & Due Diligence
- Agile Project Management & Team Leadership
- Data-Driven Decision Making
- Long-Term Wealth Creation through Real Estate
