Ram Realty Advisors

Background

Founded in 1978, Ram Realty Advisors is a real estate investment, development, and management firm headquartered in Palm Beach Gardens, Florida. The company specializes in acquiring, developing, and managing multifamily, retail, and mixed-use properties across high-growth markets in the Southeastern United States. Since 1996, Ram has deployed over $4.8 billion in capital, encompassing nearly 14,000 apartments and over 10 million square feet of commercial space.

Key Strategic Focus

Ram Realty Advisors focuses on infill locations in high-growth areas, often near demand drivers such as employment hubs, universities, hospital systems, and transit. The company's investment strategy includes ground-up development, adaptive re-use, and the acquisition and redevelopment of existing assets. Target markets include South Florida, Tampa Bay, Orlando, Raleigh/Durham, Charlotte, Nashville, and Atlanta.

Financials and Funding

In February 2020, Ram Realty Advisors secured approximately $203.5 million for its private equity real estate fund, Ram Realty Partners V LP, with commitments from 24 investors. The company's revenue is estimated to be in the range of $10 million.

Pipeline Development

Ram Realty Advisors has several ongoing projects, including a new residential community in Tampa's Citrus Park neighborhood. This development will feature 312 apartment homes ranging from studio to three-bedroom layouts, with the first phase scheduled for delivery in summer 2026.

Leadership Team

Casey Cummings: Chief Executive Officer

Jennifer Stull-Wise: Chief Operating Officer

Michael Harstad: Vice President of Construction

Scott Jones: Vice President of Information Technology

Travis Williams: Vice President of Development

The leadership team brings extensive experience in real estate investment, development, and management, guiding the company's strategic direction and operations.

Leadership Changes

In October 2024, Brian Roland joined Ram Realty Advisors as Managing Director, Head of Capital Markets.

Competitor Profile

Market Insights and Dynamics

The real estate investment and development industry in the Southeastern United States is characterized by rapid urbanization, population growth, and increasing demand for multifamily and mixed-use properties. This dynamic environment presents opportunities for firms like Ram Realty Advisors to capitalize on emerging markets and evolving consumer preferences.

Competitor Analysis

Key competitors in the real estate investment and development sector include:

HFF: A real estate capital markets services provider offering debt and equity placement, investment sales, and advisory services.

Eastdil Secured: A real estate investment banking company specializing in commercial real estate transactions.

Kennedy Wilson: A global real estate investment company focusing on multifamily and commercial properties.

PGIM Real Estate: The real estate investment business of PGIM, offering a range of real estate equity and debt solutions.

Starwood Capital Group: A private investment firm with a focus on global real estate, energy infrastructure, and oil and gas.

Inland Real Estate Investment Corporation: A real estate investment and finance company specializing in commercial real estate.

JLL: A professional services firm specializing in real estate and investment management.

Prologis: A global leader in logistics real estate.

CIM Group: A real estate and infrastructure investment group focusing on urban communities.

These competitors operate across various segments of the real estate market, offering services that range from investment and development to management and advisory.

Strategic Collaborations and Partnerships

Ram Realty Advisors collaborates with a select group of institutional lenders, primarily commercial banks, to finance its projects. The company also partners with public pension plans, endowments, insurance companies, family offices, and other global institutions to provide equity for its investments.

Operational Insights

Ram Realty Advisors' vertically integrated operating platform, combined with its geographic and sector-specific focus, provides a competitive advantage in identifying and executing investment opportunities. The company's flexible investment approach allows it to adapt to market conditions and pursue the best risk-adjusted returns.

Strategic Opportunities and Future Directions

Ram Realty Advisors aims to continue its growth by focusing on high-growth markets in the Southeastern United States, leveraging its expertise in multifamily, retail, and mixed-use developments. The company's commitment to creating unique spaces in thriving environments positions it to capitalize on emerging opportunities and enhance communities.