Blom Capital
Overview
Blom Capital is a vertically integrated multifamily real estate investment sponsor headquartered in Las Vegas, Nevada, with approximately $300M in assets under management and 6,400+ doors under active oversight. The firm operates as a strategic merger of Aviana Capital Group, Nine Doors Down, Investor Club Network, and Zeem Development, with additional executives from Heritage Construction and Live BH, creating a fully integrated platform that controls every phase of property underwriting from acquisition through disposition.
Platform Overview
$300M+ in assets under management
6,400+ units under active management
$50M+ in completed dispositions
Over 200 years of combined multifamily and enterprise experience across the leadership team
Fully vertically integrated model spanning acquisitions, construction, property management, rebranding/marketing, fund management, business planning, online training, and digital development
Targeting 15-state national expansion over the next seven years across Western (NV, AZ, UT, ID, CO), Central (TX, SD, KS, MO, AR), and Eastern (TN, OH, NC, SC, GA) regions
Christian-based mission: tithes 4% of top-line revenue through its non-profit Blóm First Fruits, with half supporting local communities and half funding global missions
Family of Companies
Blóm Ventures: Acquisitions and investment platform
Blóm Collective Construction: In-house development and construction
Blóm Concierge: Property management and tenant experience
Blóm Campaigns: Marketing, branding, and digital
Harvest Fund Management: Fund management services including Fund Manager Portal, PPM creation, Form D filings, SEC compliance, and accounting
Investor Club Network: Investor community and education platform
Blóm First Fruits: Non-profit supporting local communities and global missions
Leadership
Joseph Sebastien, CEO: Nearly 20 years of organizational structure and strategic growth experience, including leading the national rollout of 20 Sam's Club openings generating over $1B in revenue. Background collaborating with Bain Capital and Grid Iron Capital on scalable business strategies
Craig Stevens, CFO: Built a $6M real estate portfolio with 35+ tenants across Hong Kong, NYC, and London. Partnered on over $260M in commercial transactions. Dual MBA from Columbia and London Business Schools, NJ Real Estate Salesperson license, AICPA member
Rich Neuharth, Chief Acquisitions Officer: Over a decade of multifamily value-add experience, focused on interior renovations and tenant retention to drive NOI growth and lasting community impact
Jon Lopez, President of Blom Ventures: 15+ years in business development with $8M wholesaled and $800K in bottom-line transactions
Eric Jordan, President of Investor Relations: 15+ years in public relations and sales, fund development and management, and founder of Multi-Family University with a $40M AUM track record
Stevie Chichester, President/Director of Property Management: Managed 5,000+ units across four states as former VP of Operations, specializing in value-add renovations, lease-ups, property repositioning, and brand management
Moses Lucero, VP of Acquisitions: Former lead acquisitions specialist and underwriter for Nationwide Multifamily Group in Las Vegas. Recognized multifamily industry speaker specializing in multifamily investing and acquisition strategies
Portfolio Snapshot
Blóm Concierge Portfolio (managed): 4,672 units across Texas, Louisiana, and surrounding markets
Assets Under Management: 2,728 units across Texas, Oklahoma, Missouri, Illinois, Tennessee, and Indiana
Construction experience: $264.7M across 1,534 units including apartments, lofts, warehouses, stadium, and game facilities in Memphis, Las Vegas, Jacksonville, and Montgomery
Dispositions: 671 units realized across Brownwood TX, San Antonio TX, and Bedford TX
Investment Strategy
Blom Capital focuses on acquiring value-add and opportunistic multifamily properties with significant upside potential, repositioning assets for strong exits through a disciplined, vertically integrated approach. The firm targets mismanaged or distressed real estate assets where operational improvements, strategic repositioning, and institutional-grade execution can drive measurable value creation.
Core Approach
Deep value-oriented acquisitions: Target mismanaged, distressed, or underfunded assets where sponsor execution can unlock significant upside that less experienced owners cannot capture
Ultra-focused buy box: B- to A+ class multifamily properties in markets tailored for expansion
Vertically integrated execution: In-house acquisitions, construction, property management, and marketing teams control every lever of property underwriting
Rapid turnaround construction: 12-18 month development/renovation cycles designed for tenant improvement and enhanced retention
Tenant experience focus: Concierge-style operations with "eco-opulent" design aesthetic delivering luxury living at affordable prices
Project Lifecycle Strategy
Blom Capital follows a disciplined 7-stage investment process:
Stage 1 – Due Diligence: Feasibility and pro forma modeling, acquisition budget, programming and timeline, financing options, replacement cost analysis, supply pipeline review, and third-party market reports
Stage 2 – Financial Underwriting: Comprehensive financial modeling, return profile analysis, line-item review, sensitivity analysis, and exit strategy options
Stage 3 – Acquisition: Contract negotiation, financing strategy, organizational/legal structuring, management company selection, earnest money deposit
Stage 4 – Development/Renovation: Design, construction, and procurement oversight, value engineering, construction accounting, lender and investor reporting
Stage 5 – Operations Management: Targeted leasing strategy, unique tenant experiences, revenue and operations expertise, proven NOI flow-through
Stage 6 – Asset Management: Review of management reports and financials, investor reporting and distributions, cash analysis, and exit strategy sessions
Stage 7 – Disposition: Proactive, collaborative exit process evaluating multiple strategies to optimize investor returns
Investment Committee Discipline
Focused on the exit from day one of underwriting
Unanimous vote requirement on all acquisitions
Formal Investment Committee Memorandum documenting each investment decision
Investor Alignment
Tiered preferred return structure (typically 8-9% preferred returns based on allocation size)
Class-based LP/GP splits scaling with IRR performance hurdles
K-1 tax reporting with IRA and Solo 401(k) investment options
Quarterly investor reporting and distributions
Fund manager services including PPM creation, Form D filings, SEC compliance, and institutional-grade accounting
Target Markets
Blom Capital concentrates deployment in high-growth U.S. markets with strong population growth, job creation, and favorable supply-demand dynamics, with current expansion focused on:
Western Region: Nevada, Arizona, Utah, Idaho, Colorado
Central Region: Texas, South Dakota, Kansas, Missouri, Arkansas
Eastern Region: Tennessee, Ohio, North Carolina, South Carolina, Georgia
Tax Advantages
Through partnership structures, investors gain access to multiple tax-advantaged benefits including cost segregation studies, accelerated depreciation, Section 199(A) 20% qualified business income deduction, 1031 exchanges, cash-out refinances, step-up in basis at death, long-term capital gains treatment, and self-directed IRA/401(k) investment eligibility.
Differentiators
Strategic merger: Formed through the consolidation of Aviana Capital Group, Nine Doors Down, Investor Club Network, and Zeem Development, with executives from Heritage Construction and Live BH
Mission-driven model: 4% of top-line revenue tithed to community and global missions through Blóm First Fruits non-profit
Full underwriting control: In-house capability across every aspect of the investment lifecycle reduces third-party execution risk
National scaling vision: Long-term goal of becoming the leading nationally scaled, vertically integrated multifamily syndication firm
