Kumo Capital, in partnership with Brait Capital, has entered Ohio's Commercial Real Estate market with the acquisition of Cranwood Parkway Industrial Complex. 🏭 Cranwood Details: 145,438 SF on 13.1 acres, with five buildings, 18 tenants, 19 dock doors, 23 drive-in doors, and parking for 195 vehicles. 📍Location: Positioned in the East Cleveland Industrial Submarket, known for low vacancy rates and consistent rent growth, and in close proximity to key Ohio interstates making it a top choice for industrial tenants. 🚀 Strategy: Kumo and Brait aim to align rents to market rates, restructure leases, and maximize operational efficiency. Join us in marking this promising venture between Brait Capital and Kumo Capital. #KumoCapital #BraitCapital #Cleveland #EastClevelandIndustrial #CranwoodParkway #JointVenture #Celebration #CommercialRealEstate #IndustrialProperty #Investment
Kumo Capital
Real Estate
Jamaica Plain , MA 584 followers
30+ Years of Family-Driven Real Estate Expertise - Nurturing Assets, Crafting Legacies, Building Futures
About us
Kumo Capital is a family-founded real estate investment company with over 30 years of experience in the industry. Our expertise spans property management, asset stabilization, and new development, positioning us as a leading player in the real estate investment landscape. With a legacy of success built on strong family values and unwavering commitment to our clients, we pride ourselves on delivering innovative solutions and exceptional results. At Kumo Capital, we harness the power of our extensive experience to navigate the complexities of the real estate market, fostering long-term relationships with our clients and partners. Our hands-on approach and dedicated team of professionals ensure we stay ahead of the curve, maximizing returns and minimizing risks for our investors. As a family-operated business, we bring a unique blend of personal touch and professional expertise to every project, solidifying our reputation as a trusted partner in real estate investment.
- Website
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investkumo.com
External link for Kumo Capital
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- Jamaica Plain , MA
- Type
- Privately Held
Locations
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Primary
187 Green St
Jamaica Plain , MA 02130, US
Employees at Kumo Capital
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Boris Kuritnik
Managing Partner at Kumo Capital | 2M+ sqft Under Management | $352M+ in Real Estate Transactions | Expertise in Strategic Multifamily, Industrial &…
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Michael Kuritnik
VP of Development
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Filip Shnayder
Acquisitions and Operations Analyst
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Rehan Munsiff
Finance & Data Science Student at Northeastern University
Updates
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🚀 Thrilled to Announce: Value-Add Acquisition in Rochester Hills, MI Kumo Capital has secured a prime industrial property in the highly coveted Rochester Hills submarket—a strategic investment that aligns perfectly with our value-add strategy and market expertise. 📍 Property Highlights: • 20’ Clear Heights, 5 Loading Docks, and parking for 167 cars • New roof with full warranty, heavy electrical capacity, and an extra hazard sprinkler system • Ideal 15% office / 85% warehouse space ratio, perfect for corporate headquarters 💼 Value-Add Strategy: Acquired at a 25% discount below market value and 42% below replacement cost, this property features a one-year leaseback at $16.00/SF NNN with a 16.6% cap rate. In Year 2, we plan to release at $8.75/SF NNN, delivering a stabilized 9% cap rate, outperforming the market. 🌆 Strategic Location: Rochester Hills is a booming economic hub with key industries like automotive, tech, and healthcare. Proximity to major highways and Detroit Metro Airport, combined with a sub-3% industrial vacancy rate, ensures strong demand and growth potential. 💡 Next Steps: With our deep market insights and proven leasing strategies, we’re excited to optimize this asset and maximize investor returns while contributing to the region’s industrial growth. Stay tuned for more updates as we continue to unlock value in Rochester Hills!
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We are incredibly proud of our team for successfully executing this plan. These projects required significant renovations and re-leasing efforts, ultimately delivering strong returns for all parties involved. We're thrilled to have everyone participating in our 1031 initiative, ensuring capital preservation and continued growth. We deeply value the trust you've placed in us, and we do not take it lightly.
SALE Learn More: https://lnkd.in/g44rYDYf IMAGE: Michael Kuritnik, Boris Kuritnik & Oleg Elisev DATE: 07/16/2024 ADDRESS: 104 Winthrop Street, 8 Elizabeth Street & 4 Summer Street MARKET: Boston, MA ASSET TYPE: Multifamily SELLER: K & K Development BROKERS: Michael Kuritnik, Boris Kuritnik - Kumo Capital & Oleg Elisev - Greenville Real Estate Group SALE PRICE: $11,500,000 UNITS: 30 ~ PPU: $383,333 SF: 50,025 ~ PPSF: $229 NOTE FROM Kumo Capital: We’re a team of seasoned professionals specializing in diverse aspects of real estate investment, including asset management, syndication, institutional capital, and underwriting. We leverage modern technology and data analytics to identify lucrative opportunities and manage risks, ensuring consistent returns for our investors. Our innovative approach extends to our robust network of institutional partners and meticulous underwriting process. At Kumo Capital, we’re not just a real estate investment firm; we’re a group of forward-thinking professionals committed to redefining the industry and delivering exceptional results. #Boston #RealEstate #Massachusetts #Multifamily #MichaelKuritnik #KumoCapital #BorisKuritnik #OlegElisev #KandKDevelopment #TradedPartner #TradedBoston
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Kumo Capital reposted this
Be careful when you’re buying NNN Walgreens
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Kumo Capital is proud to announce that it has acquired two properties from separate owners in Canton, MI, forming the Ronda Drive Industrial Complex, a 4-building industrial property. This acquisition presents a unique value-add opportunity in an MSA with sub-4% industrial vacancy. 🔍 Ronda Details: The complex comprises 4 buildings totaling 138,071SF. Three buildings (126,071SF) are at 8400-8464 Ronda Dr., and one building (12,000SF) is at 8460 Ronda Dr. Currently, the property is 36% occupied, and we aim to achieve full occupancy using our operational expertise and strategically targeted capital expenditures. 🗺 The Location: Canton, located in Wayne County, has a population of 98,676 and a median income of $113,609. It falls under the Southern I-75 Submarket of Detroit, with an industrial vacancy rate of approximately 1.5%. 🔓 Unlocking 8462 Ronda: By acquiring 8460 Ronda Dr. we can improve access and parking for 8462 Ronda Dr., with additional parking and truck access, rental rates in 8462 Ronda Dr. increase by between $2.50-$2.75/SF/Yr. 🥇 Capitalizing on Mismanagement: The tenant at 8460 Ronda Dr. is currently paying significantly below the market rate. We forecast the ability to increase the rent in this building by approximately 85% on Triple Net terms once their lease expires. We are eager to implement our business plan and unlock the full potential of the Ronda Drive Industrial Complex! #KumoCapital #Kumo #IndustrialProperty #Detroit #Michigan #Canton #ValueAdd #CommercialRealEstate #Traded
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We've strategically entered the quickly growing Charlotte, NC market alongside our partners, CityPlat, through the acquisition of Montana Drive Business Park. A great strong performing asset at a great basis with a simple but effective investment thesis. 🏭 The Property: Montana Drive is 39,000SF of versatile of small-bay flex spaces ranging between 695SF and 1250SF, with high clear heights from 18 to 24 feet ⬆Below Market Rents: Kumo and CityPlat intend to add value by capitalizing on below-market rental rates at the property. As is, rates are approximately 75% below market with a large number of leases expiring by mid-2026 🥇 North Carolina Gold: Charlotte has seen population growth of approximately 20% since 2010 and home price increases of approximately 28% since 2020. The property is less than 5 miles from downtown Charlotte We are excited to work with CityPlat on this deal and deals to come! #KumoCapital #Kumo #CityPlat #Industrial #CommercialRealEstate #PrivateEquity #SmallBayFlex #NorthCarolinaIndustrial #Traded
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The Kumo team is pleased to share that we have successfully closed on a mixed-use property comprised of two buildings on Union Street in Lynn, MA. The buildings encompass over 18,500 square feet, dispersed across 12 residential units and 8 commercial spaces. These properties are a significant addition to our New England holdings. Market Knowledge 📚: We were able to secure these assets for a favorable basis, reflecting our strong market understanding and ability to seize the right opportunities. Since our acquisition, the markets for similar assets in the area have appreciated Gateway Cities 🌉: This purchase reaffirms our belief in Lynn as an emerging market and an essential Gateway City for Boston Strategic Location ♟️: Within close proximity to the new commuter rail stop at our luxury residential development, the Onyx Value Enhancement Plans ⬆️: Were committed to maximizing the value derived from this property through key renovations, lease adjustments to market rates, and filling retail vacancies with suitable tenants Looking Ahead 👪: Our team is committed to identifying similar opportunities, continuing to expand and diversify our portfolio. Stay connected for more updates! #KumoCapital #LynnMA #GatewayCity #StrategicGrowth #MarketInsights #ValueAdd #Growth2024 #TheOnyx #UnionStreet