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.
We specialize in low and medium density multifamily, campus adjacent student housing and single-family homes. Ballast has discovered low and medium density residential assets are often overlooked by the asset management industry, creating pricing dislocation and favorable buying opportunities. The assets we target are typically sold by non-institutional owners. 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. Often times Ballast will leverage its architectural and construction experience to renovate units or reconfigure floorplans to add living spaces. We further refined our investment strategy by building a proprietary platform to efficiently manage a high volume of smaller assets.
As a residential asset aggregator, our value-add strategy rewards patient capital. Ballast builds portfolios of assets with institutional quality and scale that command value premiums at exit, rather than paying scale premiums at acquisition.
Exhibited through clear communication, active listening, and collaboration
Centered around consistency, transparency, and being fair-minded
Shaped by earned trust, demonstrating respect, and being humble
Achieved through clearly designed processes and personal initiative