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Grant Cardone has been investing in Multi-Family Real Estate since the mid 1990s.

Grant Cardone, CEO of Cardone Acquisitions has been investing in Multi-Family Real Estate since the mid-1990s, successfully navigating through good and bad markets. With over 45 transactions in 8 states including California, Arizona, Texas, North Carolina, Tennessee, Georgia, Alabama and Florida, he has a proven track record with over $500,000,000 in transactions.

Cardone has demonstrated twenty-five years of disciplined philosophy focused on income producing affordable housing in tertiary markets. These markets are often overlooked by large funds due to some barriers of entry. There are also value-add opportunities providing the management team the possibility to increase income and monthly cash-on-cash returns while improving the long-term value of property.

All property selection goes through a systematic four stage due diligence process led by Mr. Cardone, a team of internal staff and underwriters Mr. Cardone has been working with for years.

  1. A constant flow of deals is sent to Mr.Cardone for review.
  2. The property is then selected by Mr. Cardone from a subjective and objective evaluation.
  3. Property is then underwritten by Mr. Cardone and internal team to very conservative cash on cash expectations based on worse case scenarios.
  4. The deal is then sent to an external underwriter who does an independent UW using very conservative standards and worse case scenarios.

The deal is then either pursued or discarded. At which point a deal is selected. Mr. Cardone then moves very fast to close the transaction. As a Preferred Lender with Fannie Mae and Freddie Mac our team has access to some of the best financing terms available. With Mr. Cardone’s record as a “Closer,” he is being sent deals daily by brokers and REIT’s. Cardone Acquisitions currently controls almost 4000 units in Florida, Alabama, N. Carolina, and Georgia and looking to expand to 10,000 units over the next twenty-four months.



 

Team Members


Grant Cardone

President & CEO



Dale Christensen

Physical Structure Analyst - 20 Years



Waypoint Living Management

Third Party - Currently Manages 10000 Units



Sheri Hamilton

Executive Management



William Cave

Debt Analyst - Wells Fargo



Barry D.Lapides

Attorney/Legal Counsel - Miami



Benjamin Inman

Acquisitions & Portfolio Analyst



Ryan Tseko

Acquisitions & Portfolio Analyst


 

Invest With Our Team

Interested in investing in real estate with Grant Cardone?

Follow these steps:
Step 1: Download [this form]
Step 2: Print and fill out the form
Step 3: Scan the form and email it to Ryan@CardoneAcquisitions.com



 


OUR MISSION

To enhance investor’s returns by discovering unique, value add, real estate investment properties that will ensure capital preservation and exceptional returns.

 

In the News

Author Wants To Invest $1 Billion Worth Of Florida Real Estate Daily Business Review

Grant Cardone Makes Big Miami Real Estate Push

Grant Cardone Acquires South Florida Apartment Portfolio for $58 Million

Grant Cardone Bullish on Florida Acquires Next Apartment Community for $33 Million and Moves Op From California to Florida

 

Vital Statistics

Average hold time has averaged 31 months.

Current portfolio valued at $350MM.

Average ROI has exceeded 200% (22 consecutive transactions).

Primary investment focus has been value add income producing assets which offer immediate upside and throw off positive cash flow.

The group has been involved in over $484,000,000 of transactions including multi-family, residential, shopping centers and development deals.

Through the use of conservative and realistic acquisition models and by strict discipline and high ethics the group has been able to preserve capital and continue to increase investors returns in all types of economic environments.

 

Key Business Rules

  1. We never buy “the appreciation” story.
  2. Property must have some significant and obvious value add component.
  3. Willingness to move into or out of a market when economic conditions shift.
  4. Once we have hit or exceeded our Value Ad Target we get out of the market.
  5. We never over leverage a good piece of real estate.

  1. We only buy markets where there exist barriers to entry.
  2. Location is a key criteria.
  3. The group has an impeccable reputation for closing deals and greatly leverage that reputation to insure the best terms and the lowest price.
  4. We never assume on our purchase proforma that we can operate property any better than existing management.

 

Ownership History

# Units Acq Price Sale Price Years Held
Reserve at St. Lucie St. Lucie, FL 188 $19,500,000 Still Own
Reserve at Ormond Beach Ormond Beach, FL 212 $36,500,000 Still Own
Integra Shores Daytona, FL 288 $32,200,000 Still Own
Harbour Breeze Stuart, FL 104 $5,000,000 Still Own
Wellington Club Lake Worth, FL 204 $31,950,000 Still Own
Audubon Park Daphne, AL 344 $34,000,000 Still Own
The Trellis Savannah, GA 264 $29,000,000 Still Own
Nashville Portfolio Nashville, TN 826 $63,000,000 Still Own
Harbour Portfolio St. Lucie, FL 1016 $59,000,000 Still Own
Somerstone Charlotte, NC 360 $8,280,000 Still Own
Clairmont San Diego, CA 66 $4,200,000 Still Own
Naples Center San Diego, CA Center $23,000,000 Sold 8
Greentree Tucson, AZ 120 $3,000,000 $4,500,000 4
Pueblos Villas Tucson, AZ 161 $4,665,000 $6,800,000 3
Sunset View Oceanside, CA 112 $20,000,000 $21,750,000 4.5
Vista Montana Tucson, AZ 112 $2,815,000 $4,375,000 3.17
Westgate Park Tucson, AZ 239 $7,450,000 $10,850,000 3
Wilmont Vista Tucson, AZ 197 $5,350,000 $8,600,000 3.33
Barcelona San Diego, CA 90 $4,675,000 $6,375,000 2.58
Camelot San Diego, CA 74 $3,500,000 $8,600,000 3.25
Canyon Pointe Tucson, AZ 248 $7,350,000 $9,750,000 3.5
Catalina Mission Tucson, AZ 336 $10,050,000 $12,685,000 2.58
Desert Tree Tucson, AZ 72 $1,800,000 $2,400,000 3.5
Palms LaMesa Tucson, AZ 78 $5,300,000 $7,720,000 3.2
Arcadia Park Tucson, AZ 288 $11,250,000 $15,900,000 2.83
Cedar Wood San Diego, CA 52 $1,750,000 $4,350,000 4
Palermo San Diego, CA 38 $2,250,000 $4,400,000 4
Neptune San Diego, CA 21 $14,500,000 $17,600,000 6
La Mesa San Diego, CA 88 $4,200,000 $5,500,000 3.5
F Street San Diego, CA 78 $3,300,000 $5,000,000 3.5
Montelena Austin, TX 232 $16,000,000 $18,300,000 1.5
Oriole Dr Los Angeles, CA 1 $7,350,000 $17,000,000 8
Sabino Canyon Tucson, AZ 24 $2,000,000
Total 6133 $484,185,000

 

Current Opportunities

We believe that this current real estate market will create incredible opportunities for patient and savvy individuals who are properly prepared to seize the opportunities to acquire the value add opportunities that will be forced upon the market due to the extreme conditions in our current market condition.

The group’s financial condition, high ethics standing combined with its proven track record will prove to be valuable assets in the acquisition of the right properties and in providing good financing.

 

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Careers

Interested in Working with Us?

If you think you have what it takes to be a part of a fast-paced, high-performance team of entrepreneurs and talented real estate industry, investment and asset management experts, we want to hear from you.

For more information about career opportunities at Cardone Acquisitions contact us at: careers@grantcardone.com