Dasmen Residential

What Dasmen Residential does

Dasmen Residential is a privately held U.S. multifamily real estate investment and asset management firm headquartered in Ramsey, New Jersey. The company targets underperforming multifamily properties in major U.S. markets across the Northeast, Southeast, Midwest, and Carolinas, with recent geographic expansion into Florida (Orlando, Tampa), Arizona (Tucson), Alabama (Birmingham), and the North Carolina Triangle. It executes a value-add strategy: acquiring vintage assets, executing large-scale capital improvements (such as quartz countertops and stainless steel appliances), and operating the assets to drive appreciation for equity partners.

The firm's core offerings are multifamily investment services, asset management, and property management, structured around three revenue streams: asset management fees for overseeing portfolios on behalf of equity partners, property management fees for day-to-day operations across owned and managed communities, and transaction economics from acquisitions and dispositions. Notable transactions include the $102 million Sunshine Portfolio acquisition (1,011 units in Orlando and Tampa, 2021), the $40.8 million Birmingham portfolio (530 units, 2016), the 1,166-unit Tucson portfolio (2016), and the $47.7 million disposition of HillRock in Charlotte (2021). Capital and deal execution is supported by lending relationships with Greystone, Bellwether Enterprise, and Fannie Mae/Freddie Mac programs, and broker relationships with Cushman & Wakefield and Colliers International. Distribution is direct, with the executive team managing institutional investor relationships; the firm also experimented with CrowdStreet for online capital sourcing. The company has executed more than $3 billion in closed transactions and managed over 15,000 multifamily units since 2009 under Chairman and CEO Michael I. Katz.

Name

Dasmen Residential

Legal name

Dasmen Residential LLC

Website

https://dasmenresidential.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

251–500 employees

Short description

Dasmen Residential is a privately held U.S. multifamily investment and asset management firm that acquires, renovates, and operates value-add apartment communities across major Sun Belt, Carolinas, and Northeast markets for institutional equity partners.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate Investment & Management

NAICS

Real Estate Property Managers (53131), Services to Buildings and Dwellings (5617)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

HOA / Condominium Association Management (BPAJAFAH)

akta.pro secondary industry

Association Maintenance, Vendor & Capital Project Management (BPAJAHAM)

Keywords

• Multifamily investment
• Asset management
• Property management
• Value-add acquisitions
• Residential real estate

Headquarters

HQ city

Ramsey

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Asset Management Fees: The firm generates revenue through managing multifamily assets on behalf of equity partners, overseeing financial performance, budgeting, financial reporting, and execution of each asset's business plan.
2. Property Management Fees: Revenue generated from property management operations across the owned and operated multifamily portfolio throughout the United States.
3. Property Acquisition and Disposition: The firm buys and sells multifamily communities as part of its investment strategy, generating returns through value creation from renovations and asset appreciation. Dispositions include notable sales such as HillRock in Charlotte for $47.7M.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Dasmen Residential is a privately held multifamily investment and asset management firm that acquires underperforming multifamily properties across major U.S. markets, executes value-add renovations and capital improvements, and provides ongoing asset and property management services for equity partners while operating the communities for residents. Since 2009 leadership has overseen more than $3 billion in closed transactions and over 15,000 multifamily units across the Northeast, Southeast, Midwest, Carolinas, Florida, Alabama, and Arizona.

Product overview

Dasmen Residential is a privately held Multi Family Investment and Asset Management firm that owns and operates multi-family properties in major cities throughout the United States. The company operates as a unified real estate investment and property management platform, combining investment acquisition services with ongoing asset management and property management operations. The portfolio spans multiple geographic regions including the Northeast, Southeast, Midwest, Carolinas, Florida (Orlando and Tampa), Arizona (Tucson), Alabama (Birmingham), and North Carolina (Raleigh-Durham and Charlotte). The company executes value-add strategies, acquiring properties and implementing capital improvements and renovations to maximize asset appreciation while providing quality residential living experiences.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily Investment Services Sourcing, underwriting, and acquiring high-potential multifamily properties across major U.S. markets for equity partners, targeting value-add and appreciation-driven returns.
• Asset Management Expert asset oversight including financial performance management, budgeting, financial reporting, underwriting of acquisitions/dispositions/refinancing, and execution of each asset's business plan for equity partners.
• Property Management Day-to-day operations of owned and operated multifamily communities, including leasing, maintenance, resident services, and the Experian RentBureau positive credit reporting program.

Quantifiable outcome

• 15,000+ multifamily units acquired and managed since 2009
• +4 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

Four partnerships are on record, tiered core.

• Solaris EnergycoreStrategic or Co-development PartnerDASMEN partnered with Solaris Energy, a solar investment firm based in Colorado, to install solar panels at Tucson multifamily properties (Sedona Springs, Summit Ridge, and Sienna Ridge). Solaris invested close to $6 million to install the solar panels using a Power Purchasing Agreement (PPA) structure, where DASMEN purchases solar-generated power at a discounted rate. The installation brings hundreds of thousands annually in electric savings.
• ExperiancoreTechnology or IntegrationDASMEN partnered with Experian, one of the leading credit reporting agencies in the world, to offer a free positive credit reporting program to all residents. When residents pay rent on time, payment data is reported to Experian RentBureau within 24 hours and incorporated into their Experian credit report. This helps residents establish or build credit history through their rental payment data.
• Colliers InternationalcoreChannel Partner/ Reseller/ DistributorColliers International brokered the Tucson four-community portfolio transaction on behalf of the seller, Omninet Capital. Brad Cooke, Senior Vice President in Greater Phoenix, represented the seller.
• Cushman & WakefieldcoreChannel Partner/ Reseller/ DistributorCushman & Wakefield represented the seller (The Sterling Group) in the sale of The Forest in Durham, NC to Dasmen Residential. The team included Watson Bryant, Jordan McCarley, and Paul Marley.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Knightvest Capital: Knightvest Capital is a multifamily investment and management firm that acquires and operates value-add apartment communities across the U.S. Sun Belt — a directly comparable value-add strategy, target geography, and operating model to Dasmen Residential.
• RangeWater Real Estate: RangeWater acquires, develops, and manages multifamily housing primarily across the Southeast and Sun Belt, blending investment with property management execution — closely mirroring Dasmen's combined investment/operating platform.
• Western Wealth Capital: Western Wealth Capital specializes in value-add multifamily acquisitions across the U.S., renovating and repositioning older apartment communities — directly comparable in vintage-acquisition strategy and capital-improvement execution to Dasmen.
• S2 Capital: S2 Capital is a vertically integrated multifamily investment firm executing value-add acquisitions and operating platforms in the Sun Belt — overlapping target markets and operating philosophy with Dasmen.
• GID Investment Advisers: GID manages a vertically integrated real estate platform with multifamily acquisition, asset management, and property operations across U.S. markets — functionally similar to Dasmen's investment-plus-management structure.
• Cardinal Group Companies: Cardinal Group provides third-party multifamily property management, investment, and development services across the U.S., combining fee-based management with investment activity — analogous to Dasmen's dual investment/management model.
• Bell Partners: Bell Partners is one of the largest U.S. apartment operators and a multifamily investment manager with a national portfolio — directly comparable scale and integrated owner/operator profile to Dasmen Residential.
• Bozzuto Group: Bozzuto is a diversified multifamily real estate firm active in development, acquisition, and property management across U.S. metros — overlapping with Dasmen on multifamily ownership and operations.

Broad incumbents

• JLL Multifamily Capital Markets: JLL is a global real estate services giant with a dedicated multifamily investment-sales and capital-markets practice — a broader incumbent that operates in the same acquisition/disposition broker channel Dasmen uses (e.g., Cushman, Colliers).
• Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm with a multifamily investment-sales platform that brokers large multifamily transactions — engaged as a sell-side broker on multiple Dasmen deals (e.g., The Forest) and adjacent in category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dasmen Residential