Dreamstone Investments

Multifamily apartment investing firm finding exceptional i...


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DREAMSTONE INVESTMENTS:
FAST FACTS

Dreamstone Investments is a privately-held apartment and commercial real estate company which currently owns and manages over 690 units in the Atlanta, Nashville, and Tampa Bay metropolitan areas.

Since inception, Dreamstone has experienced tremendous growth by focusing on the turnaround of distressed and underperforming properties to increase their value-added.


THE TRADITIONAL
APPROACH

Real estate is often thought of as an underdog when it comes to choosing where to invest your money. A majority of investors are often unaware of the untold advantages of real estate investing, especially when it’s done right.

Many investors are instead funneled into more traditional investments such as 401K and paper assets despite the reality that these avenues are extremely volatile and frequently unwise in the long term.

Smarter, more strategic real estate investing processes can bring immense value to investors. Dreamstone Investments has developed the best approach to make it happen.


STREAMLINED REAL
ESTATE INVESTING 

While remaining true to our values of integrity, excellence, value and innovation, Dreamstone simplifies commercial real estate investing by implementing the latest technology and techniques to add value for our investors.

We tackle real estate investing with a systematic approach focused on acquiring distressed and under-performing assets to efficiently stabilize and execute a value-add strategy to yield more favorable returns to our investors.

The Dreamstone team specializes in adding value to properties with the “Dreamstone touch” on unit interiors and exteriors, adding functional and aesthetic features that ensure value for investors while also creating appealing, affordable, family-friendly spaces that attract and retain residents over time.


THE DREAMSTONE STRATEGY


SUCCESS BY THE NUMBERS

Dreamstone Investments currently manages over 690 apartment units in Nashville, Tennessee and the Atlanta and Tampa Bay Metro areas. Dreamstone collected rents totaling $45,000 in 2018, $300,000 in 2019 and $2 million in 2020.

In 2019, our 7-unit Lakeside Gardens property in Lake Wales, Florida, sold for $320,000 and saw a project and investor IRR of 45% after a year of renovations.

 


In September 2020, we purchased the 101-unit Cross Creek Apartments for $5.9 million and expect to exceed a project IRR of 23% and an investor IRR of 18%.

 


In the same month, we acquired Hartsville Pike in Lebanon, Tennessee, a newly constructed 19-unit building for $5.9 million and expect a project IRR of more than 28% and investor IRR of 20% or more.


STRATEGIC PARTNERSHIPS

Dreamstone secured our most recent partnership with Open Door Capital to assist us with larger fundraising rounds. Open Door Capital is a private, well-capitalized real estate investment firm that helps clients achieve superior risk-adjusted returns through the acquisition of value-add mobile home communities nationwide.

Washington Street Properties is a commercial and real estate owner and operator founded in 2007 by Brian Murray. Washington Street Properties owns and operates a large portfolio of assets including office buildings, multifamily properties, retail centers, parking and mixed-use properties.

Brian Murray is the founder and CEO of Washington Street Properties and the Key Principal and Asset Manager for Open Door Capital. Brian owns more than 3,000 units across 10 states through a variety of partnerships. He is the 2015 recipient of a Golden Stevie Award for Executive of the Year in the Real Estate Industry.

Iron Street Capital is a real estate investing firm. Iron Street’s investment management team is comprised of originations, asset management, loan servicing, accounting, reporting, investor relations, compliance and administrative professionals with a diverse set of capabilities including acquisitions, underwriting, asset management, workouts and distressed equity and debt investing.

Robinson Franzman LLP is a boutique corporate and commercial real estate law firm serving clients across the United States as counsel for multifamily acquisitions and development, commercial real estate finance, private equity, financial services, commercial real estate development and investment.


THE DREAMSTONE STORY

The co-founder and CEO of Dreamstone, Vehano Joseph is a chartered accountant by trade. Originally from South Africa, Vehano began the company in Tampa, FL with his COO, Nick Contessa in early 2018.

Vehano and Nick quickly mastered the principles of smart investing by focusing on what could go wrong in the process and building out mitigation criteria in their investing underwriting strategy.

The business took off quickly and their first exit had a 45%+ return on investment. They now focus on leveraging this framework of success to acquire larger deals and allow qualified limited partners to invest with them.


OUR “DREAM TEAM”

Vehano Joseph, CEO and Co-Founder | Prior to launching Dreamstone, Vehano was a Chartered Accountant/CPA. He brings this financial acumen and a highly methodical, analytical approach to each project, helping to ensure the Dreamstone portfolio delivers sustained value for investors.

Nicholas Contessa, COO and Co-Founder | Nick manages the operations and renovations for Dreamstone’s portfolio. He previously worked as a project and estimating manager for a prominent residential shell contractor in Florida where he managed the shell construction of over 200 homes and estimated over 800 homes.

Adam Ulery, Head of Investor Relations | Adam is a servant leader, coach and investor focused on multifamily real estate investing. Adam is co-host of the Tech Guys Who Invest podcast, which is an educational show dedicated to bringing financial education to everyday people.

Joel Bolomboy, Acquisition specialist | Joel is a professional basketball player and former NBA player. He founded a successful private equity company that acquired and managed over 400 units of multi-family real estate.

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