KMS Capital buys income-producing workforce multifamily for investors who want three things: regular cash distributions, real tax benefits, and a downside that has been engineered out before a single dollar goes in.
You invest alongside us as a limited partner in carefully selected commercial real estate. We find it, finance it, run it and report on it. You collect distributions and the tax benefits that come with owning real property.
Real estate is one of the few investments where the tax code works in your favor. Depreciation, accelerated through cost segregation, flows through to you on your K-1 and can shelter some or all of your distributions from current tax.
We are a current-income strategy, not a renovation story looking for a building. We buy properties that already produce income, then grow it through better leasing, expense control and accountable management.
Capital goes in only after the downside has been engineered out. We rebuild every seller's financials from source documents and stress-test every deal against three independent scenarios before we close.
Three stages, and three partners who each hold a veto. A deal moves forward only when all three agree.
We find structurally sound properties in supply-constrained markets, with upside the seller hasn't priced in. Most of our opportunities come through off-market broker and owner relationships.
We rebuild the numbers from rent rolls, bank statements and leases instead of the seller's pro forma. Then we stress-test against downside, base and upside cases and size the debt to what the property actually supports.
Value is created through operations, not speculation. We drive leasing, control expenses, hold management accountable and report to investors on a regular schedule.
Workforce multifamily
Workforce housing serves the largest and most stable renter pool in America: nurses, teachers, tradespeople and service members. Demand holds up through economic cycles, and the supply of new units can't keep pace.
| Asset type | Workforce multifamily, garden and low-rise |
|---|---|
| Size | 50–120 units target · 40 units minimum |
| Profile | In-place income with operational upside or deferred maintenance |
| Strategy | Light value-add, current-income focus |
| Hold period | 5–7 years |
Brokers and owners: if a deal fits this box, we can move quickly and give you a straight answer either way. Submit a deal →
Every acquisition is held to one standard: the cash flow has to be structurally sound. Accredited investors on our list hear about new offerings first.
We're evaluating 50–120 unit workforce multifamily properties that fit our criteria. Investors on our list see each deal first, with full underwriting, before allocations fill.
| Equity raise | $3,000,000 |
|---|---|
| Minimum | $100,000 |
| Preferred return | 8% annual |
Before KMS Capital, our principals bought, built, sold and managed real estate, and returned capital to partners. That experience is what we bring to every deal.
| Focus | Workforce multifamily, 50–120 units |
|---|---|
| Target net IRR | 15–18% |
| Distributions | Monthly, from operating cash flow |
| Headquarters | Tacoma, Washington |
Past performance is not indicative of future results. Targets are goals, not guarantees.
We met as football teammates at West Point and served together as U.S. Army officers. We were trained to plan for the worst case, execute with discipline and take care of the people who trust us. That's how we run KMS Capital.
A licensed managing broker who has sold 450+ homes and personally closed over $250M in volume since 2020. He has completed more than 25 fix-and-flip projects and two ground-up builds, all to successful exits, and he sources the broker, seller and investor relationships that fill our pipeline.
The team's assumption-challenger. He builds and stress-tests every model before capital is committed. As Chairman & CFO of CP Industries, he led the turnaround of a $9M manufacturer and lifted gross margin from 8.8% to 19.8%.
Our primary point of contact with property management. He drives each business plan through stabilization and oversees operations, capital projects and investor reporting. As a former U.S. Army engineer officer, he managed multimillion-dollar construction budgets.
Book a 15-minute call with Gervon. We'll walk you through our current offering, how the tax benefits work, and whether it's a fit for you. No pressure and no obligation.