Buligo Capital
Overview
Buligo Capital is a U.S.-focused real estate private equity firm founded in 2012 by experienced real estate entrepreneurs. The firm operates as a vertically integrated GP, managing the full lifecycle of investments, from sourcing, financing, and underwriting through asset management, development, and exit.
Buligo leads all aspects of the deal cycle with a hands-on approach and invests alongside its investors in every transaction. The executive team brings substantial experience in global real estate transactions across multiple asset classes.
Track Record (December 2025)
175 investments across the U.S. since inception
$1.8B equity invested / $5.1B total capitalization
76 realized investments generating:
2.1x average equity multiple (net)
23.4% average IRR (net)
Strong investor retention and repeat capital driven by consistent execution and realized performance.
Buligo + East Coast Acquisitions Joint Track Record
Buligo and its operating partner East Coast Acquisitions (ECA) have co-invested in 20 properties valued at over $460M since 2015. Their joint realized track record across grocery-anchored retail centers:
22.8% net IRR on realized investments
2.07x equity multiple on realized investments
Realized properties span markets including Durham NC, Kissimmee FL, Brooklyn NY, Atlanta GA, Columbia SC, Deltona FL, Hermitage TN, Groton CT, Poughkeepsie NY, and Pasadena TX, with individual deal IRRs ranging from 14% to 38%.
Platform Scale
90+ operating properties across sectors
~7,400 multifamily units
~3.9M SF industrial
~2.4M SF retail
~1,700 senior housing units
Portfolio characterized by high occupancy levels (90%+ across sectors).
Differentiation
Vertically integrated platform: full control from sourcing through exit
Development expertise: proven ability to originate and execute ground-up projects (historically ~28.9% IRR on realized developments)
Flexible co-investment model: allows investors to participate selectively on a deal-by-deal basis
Strong local partnerships across sectors including multifamily, retail, and senior housing
Access to off-market deals and pricing advantages through relationship-driven sourcing
Geographic Focus
Primarily invests in high-growth U.S. markets with emphasis on the Southeast (Carolinas, Georgia, Florida, Tennessee), Texas, and the Mountain states (Colorado, Utah, Idaho). These regions benefit from strong population growth, job creation, and favorable demographics.
Operating Partner: East Coast Acquisitions (ECA)
ECA is a full-service real estate investment firm headquartered in Tampa, Florida. The team brings over 50 years of combined experience in the acquisition and management of grocery-anchored retail, industrial, and mixed-use assets. Founded in 2014, ECA has acquired 25 properties with over 2M square feet of leasable area. Post-acquisition, Tri-City Plaza will be actively managed by ECA, which currently operates 16 retail centers across the country.
Investment Strategy
Buligo focuses on acquiring and developing real estate assets in high-growth U.S. markets, targeting sectors with strong fundamentals and supply-demand imbalances. The firm pursues a broad investment strategy across multiple asset classes, targeting Class A/B properties in expanding metro locations with a typical hold period of 4 to 7 years.
Core Sectors
Multifamily
Industrial (shallow bay / small-bay focus)
Grocery-anchored retail
Senior housing
Strategy
Value-add and development: active repositioning of existing assets and ground-up development where fundamentals support it
Off-market and relationship-driven sourcing: proprietary deal flow through established local partnerships and operator networks
Sunbelt and migration-driven markets: targeting metros with strong population growth, job creation, and favorable supply-demand dynamics
Active asset management: hands-on operational improvements, lease-up execution, and capital programs to drive NOI growth
Conservative underwriting: disciplined approach to projections, with alignment of interests through co-investment in every deal
Investment Model
Buligo typically invests through two structures:
Co-investment vehicles: deal-by-deal participation allowing investors to select specific opportunities that fit their portfolio
Diversified funds: broader exposure across multiple investments (e.g., Fund VI targeting 15–20 investments)
Both structures emphasize diversification, conservative underwriting, and alignment with investors through meaningful sponsor co-investment.
Values
Alignment of interests: Buligo invests alongside its investors in every transaction, sharing in both risk and reward
Transparency: investors receive detailed quarterly reports, access to portfolio documentation and analysis tools, and are kept apprised of important developments through interim reporting
Integrity: trust is the foundation of Buligo's investor relationships, built through consistent execution and an impeccable track record across 175+ investments since 2012
