RUME Practices
RUME’s vertically integrated platform includes seven distinct practices that work in lockstep with one another to optimize asset performance and investment returns.
Our integrated business model presents several benefits, including incentives to acquire assets with strong fundamentals, a unique renovation strategy for controlling timelines and costs while ensuring uninterrupted NOI growth, and complete oversight of property management.
Vertical integration also enables a 360-degree feedback loop that accelerates learning, quick process iterations for timely issue resolutions, and efficient management of multiple sites in diverse Metropolitan Statistical Areas (MSAs).
1
CAPITAL FUND MANAGEMENT
With a robust track record and years of experience leveraging diverse capital sources for project financing, our Capital Raising and Fund Management practice employs a blended strategy designed to maximize investor returns while affording them flexibility.
- JV Co-Investment Opportunities: We provide multifamily investment offerings that allow JV Co-Investors to directly invest in deals alongside our Funds.
- Capital Funds: Our real estate investing strategies are also available through our Fund management division, with each Fund thoughtfully designed and managed to maximize investor income and growth.
2
ACQUISITION
RUME’s Acquisitions practice efficiently curates our deal flow pipeline by identifying strategic real estate investment opportunities through a rigorous underwriting process that employs both quantitative and qualitative methods.
Our quantitative sourcing process incorporates sophisticated data analysis and proactive tracking of public and private market industry metrics to understand investment trends and the ever-changing dynamics of micro and macro fundamentals in key strategic markets.
Our qualitative sourcing approach utilizes strategic relationships with asset owners, fund managers, institutional-grade third-party property management companies, and our extensive nationwide broker network to source unique and off-market deals.
Our dual strategy helps us prioritize assets that are:
- Available at an attractive price relative to replacement cost
- Amenable to our value-add renovation process
- Match our rigorous quantitative acquisition criteria
3
INSURANCE
Our Insurance practice diligently tracks compliance and enforces renters’ insurance requirements through its fully integrated electronic point-of-lease system backed by excellent carrier partnerships. Uncommonly used in the industry, this unique fully integrated electronic system is a risk mitigation tool that is instrumental in protecting the firm and its investors against property-related loss runs.
4
CONSTRUCTION
RUME’s Construction practice takes charge of construction management for all our projects, closely monitoring each phase of renovation. We ensure that all improvement programs adhere to stringent timelines and budgets and follow our proprietary low-vacancy CORR (Community Occupied Rapid Renovation) process.
5
PROPERTY MANAGEMENT
With nearly three decades of property management expertise, RUME is dedicated to providing its tenants with the most seamless experience possible when it comes to both leasing and living. Our Property Management practice uses best-in-class professional management technology and is committed to continuous process improvement from leasing to living.
6
ASSET MANAGEMENT
RUME’s Asset Management practice is instrumental in managing our real estate funds and assets, which involves mitigating risks, monitoring asset performance, and driving the business plan to meet and exceed targets.
We offer best-in-class fund management resources and provide timely reporting to our valued investor community through our personalized investor portal.
7
CORPORATE RESPONSIBILITY
RUME’s Corporate Responsibility practice was born out of a keen awareness of our impact on employees, tenants, and the broader environment. In line with industry benchmarks, we have proactively crafted a robust ESG policy designed to incorporate environmental, social, and governance practices in our business processes and operations.
We also apply our real estate knowledge and resources to assist local non-profit organizations. Our philosophy of providing affordable, quality-renovated living solutions to address the nationwide workforce housing demand is also a testament to our commitment to corporate social responsibility.
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