Myers Apartment Group

What Myers Apartment Group does

Myers Apartment Group is a privately held multifamily real estate investment firm founded in 2017 and headquartered in West Palm Beach, Florida. The firm identifies, acquires, and operates undervalued infill multifamily properties in growth markets across the Southeast and Texas, with a disclosed portfolio of more than 10 properties and 2,000+ units spread across six or more states as of 2021. Its investment thesis targets assets with operational upside, financed primarily through Fannie Mae agency debt arranged via Berkadia, with stated return targets of 7-10% cash-on-cash and 13%+ gross IRR.

The firm's operating model relies on a network of institutional service providers rather than a vertically integrated platform. Capital markets intermediaries Cushman & Wakefield and Berkadia source and finance acquisitions; Bell Partners provides third-party property management across the portfolio; and Juniper Square serves as the investor relations and reporting platform for limited partners. The leadership team is led by Jeremy Myers, who serves as Principal and oversees capital markets, acquisitions, and asset management, alongside Stephen E. Myers as Chairman, with Leon Dixon acting as Director of Acquisitions. The firm is family-affiliated with Myers Auto Group (MAG), providing reputational and operational lineage.

Myers Apartment Group monetizes through rental income on owned assets, asset-management fees charged to investors, and promoted equity participation in value-add outcomes. Capital is raised privately from high-net-worth individuals and institutional limited partners via funds and programmatic vehicles. Strategic emphasis is placed on broker relationships, as evidenced by recurring broker events such as the First Annual Broker Outing at Pine Creek Sporting Club in March 2018, and on submarket-level operational improvements delivered through the Bell Partners management partnership.

Name

Myers Apartment Group

Legal name

Myers Apartment Group

Website

https://myersapartmentgroup.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Myers Apartment Group is a privately held multifamily real estate sponsor founded in 2017 in West Palm Beach, Florida, acquiring undervalued infill apartment properties across the Southeast and Texas on behalf of high-net-worth and institutional limited partners.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate Investment

NAICS

Residential Property Managers (531311)

SIC

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

akta.pro primary industry

Corporate Extended-Stay Hotels (THAGAEAA)

akta.pro secondary industry

Corporate serviced apartments (business-focused) (THAMACAC)

Keywords

• Multifamily real estate investment
• Value-add apartment acquisitions
• Real estate asset management
• Multifamily property management
• Apartment investment partnerships

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Multifamily rental income: Primary revenue derived from rental income across a portfolio of acquired multifamily apartment communities. Cash flow is generated through professional property management (Bell Partners), accretive renovations, and value-add strategies. Targets Core Plus and Traditional Value-Add assets.
2. Investment management fees and capital appreciation: Operates as a real estate investment company on behalf of high net worth and institutional investors. Generates returns through combination of appropriate leverage, accretive renovations, stable cash flows, and asset appreciation. Targets 7-10% Cash on Cash and 13%+ Gross IRR (Core Plus + Value-Add blended).

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Myers Apartment Group is a multifamily real estate investment firm that acquires undervalued, value-add apartment communities in growth markets across the Southeast US and Texas on behalf of high-net-worth and institutional investors. The firm sources and underwrites acquisitions, deploys capital through fund vehicles, and oversees third-party property management (via Bell Partners) to execute renovation and operational improvement plans. It targets cash-on-cash returns of 7-10% and IRRs of 13%+ for its investor partners.

Product overview

Myers Apartment Group operates as a portfolio of real estate assets rather than a unified software platform. The offering is structured as a collection of named multifamily rental communities — Symphony at Suwanee Creek, Highlands at Sweetwater Creek, Citadel at Tech Ridge, Exchange at Holly Springs, Solis Keltonwood, Renaissance at Galleria, Portiva Apartments, Chace Lake Villas, and Highlands of Preston — supplemented by the Pine Creek Sporting Club development project. Together these properties form the company's investment portfolio, the unifying thread being acquisition, ownership, and operation of apartment assets across multiple U.S. markets under the Myers Apartment Group brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Vestavia Apartments

Quantifiable outcome

• 7-10% targeted Cash on Cash return
• +4 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered flagship, core, transactional, minor and family.

• Bell PartnersflagshipImplementation/ SI/ Consulting PartnerStrategic property management partner managing all of Myers Apartment Group's multifamily assets. Bell Partners was established in 1976 and is a top-15 apartment operator with nearly 50,000 homes across 14 states and the District of Columbia. Bell is one of the largest apartment renovators in the industry with over 1,500 associates and 8 offices (including its headquarters in Greensboro, NC), offering a full service operating platform containing expertise in acquisitions and dispositions, financing, property operations, accounting, risk management and all other related support functions.
• Cushman & WakefieldcoreChannel Partner/ Reseller/ DistributorCapital markets advisor facilitating acquisitions. Arranged the $65.1 million sale of Exchange at Holly Springs (316 units) in Holly Springs, NC on behalf of Hathaway Development and PointOne Holdings; Myers Apartment Group was the buyer. Previously arranged the $28.3 million sale of Chace Lake Villas (264 units) in Birmingham, AL. Cushman & Wakefield's Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 300 transactions and $7.0 billion in multifamily and land investment sales in 2019.
• Hathaway DevelopmenttransactionalStrategic or Co-development PartnerCo-seller (with PointOne Holdings) of Exchange at Holly Springs, a 316-unit apartment community in Holly Springs, NC, sold to Myers Apartment Group for $65.1 million in January 2021. Transaction arranged by Cushman & Wakefield.
• PointOne HoldingstransactionalStrategic or Co-development PartnerCo-seller (with Hathaway Development) of Exchange at Holly Springs, a 316-unit apartment community in Holly Springs, NC, sold to Myers Apartment Group for $65.1 million in January 2021. Transaction arranged by Cushman & Wakefield.
• Broad and CasselminorImplementation/ SI/ Consulting PartnerListed as a Strategic Relationship partner on the Myers Apartment Group website. Broad and Cassel is a Florida-based law firm (now known as Nelson Mullins Broad and Cassel).
• Myers AG (Myers Auto Group)familyStrategic or Co-development PartnerFamily-affiliated entity sharing the MAG branding. In December 2013, the Myers family acquired Jaguar Palm Beach, Land Rover Palm Beach, Aston Martin Palm Beach and McLaren Palm Beach under Myers Auto Group (MAG). Listed as a Strategic Relationship partner on the corporate website (myersag.com).
• Juniper SquarecoreTechnology or IntegrationInvestor relations and communications platform. Linked from the Myers Apartment Group corporate website as the 'INVESTORS' portal for high net worth and institutional investor communications, reporting, and equity sourcing.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• GID: GID is a privately held real estate investment and operating firm actively acquiring multifamily assets across the U.S., including Sunbelt markets. Comparable to MAG in multifamily acquisition focus, value-add orientation, and use of third-party property management partnerships.
• JPI: JPI is a multifamily developer, owner, and operator with deep Sunbelt exposure, focused on Class A garden-style and mid-rise communities. Comparable to MAG in multifamily specialization, Sunbelt geographic focus, and value-add through renovation.
• Wood Partners: Wood Partners is one of the largest multifamily developers and acquirers in the U.S., with a strong Sunbelt footprint. Comparable to MAG in acquiring and operating garden-style multifamily in high-growth Southeast and Texas submarkets.
• Crow Holdings Capital: Crow Holdings Capital is a Dallas-based investment manager focused on multifamily, industrial, and office across the Sunbelt, with a long history of value-add multifamily acquisitions. Comparable to MAG in target geography (Texas/Southeast), asset class mix (multifamily-heavy), and value-add strategy.
• Radco Companies: Radco is an Atlanta-based multifamily owner-operator specializing in value-add acquisitions across the Southeast. Comparable to MAG in Sunbelt infill submarket focus, value-add strategy, and use of Fannie Mae debt for acquisitions.

Broad incumbents

• Lincoln Property Company: Lincoln Property Company is one of the largest multifamily managers and owners in the U.S., with national scale and Sunbelt exposure. Comparable to MAG in multifamily operating expertise and Sunbelt presence, though at significantly larger scale.
• Bell Partners: Bell Partners is a top-15 U.S. apartment operator with ~50,000 homes across 14 states and MAG's third-party property management partner. Comparable as a multifamily operating platform, but Bell also operates its own investment/ownership business alongside third-party management.
• Camden Property Trust: Camden Property Trust is a publicly traded multifamily REIT with a Sunbelt-tilted portfolio and active value-add program. Comparable to MAG in multifamily-only focus and Sunbelt geographic tilt, but at materially greater scale and as a public company.
• Mid-America Apartment Communities (MAA): MAA is a publicly traded multifamily REIT with a portfolio heavily concentrated in the Sunbelt. Comparable to MAG in Sunbelt garden-style multifamily focus and value-add reinvestment strategy, though at vastly greater scale and with public market access.
• Trammell Crow Residential: Trammell Crow Residential is a national multifamily developer and operator owned by CBRE Group, with extensive Sunbelt activity. Comparable to MAG in multifamily acquisition and operating focus, but at materially greater scale and with broader geographic reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 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 Myers Apartment Group