Track Record

Over the past five years, our founding team has completed over $50 million in real estate transactions and currently manages over $38 million in assets. This extensive experience and proven track record underscore our ability to consistently deliver attractive returns for our investors. By deeply understanding the real estate market and strategically timing our acquisitions, we have successfully navigated over 100 full cycle projects.

Current Portfolio Performance

Our current portfolio is performing exceptionally well, with significant equity built and robust rental income. With an average loan-to-value ratio of less than 50%, we have retained these properties due to their outstanding performance and the long-term benefits they provide to our investors. By leveraging our proprietary, custom-developed software and systems, we have acquired these properties at substantial discounts and manage them effectively. This technology-driven approach ensures continuous value growth, further enhancing the financial health of our portfolio.

Property Address: 141 S 13th St., Council Bluffs, IA
Purchase Date: 10/30/23
Total Units: 36 (1 additional unit as ADA bathroom)
Purchase Price: $650,000
Square Footage: 10,920 sq/ft
$ per Sq/Ft: $59.53
$ per Total Units: $17,568
Occupancy at Closing: 46%
Current Occupancy: 90%

Background: This facility was built in the last few years and was the previous owners’ first venture into the self- storage space. Despite their efforts, they struggled with occupancy rates, which remained around 40% after the first year. Identifying this opportunity through our proprietary methods to source off market deals, we quickly acquired the asset and applied our operational efficiencies using our advanced software and technology. Taking a conservative approach in our underwriting, we projected 90% occupancy within three years. Remarkably, within just seven months, we achieved 100% occupancy. This operational turnaround is projected to boost our net operating income by over 20% from our original estimates.

Property Address: 3190 NE-39, Silver Creek, NE 68663
Purchase Date: 2/14/25
Total RV Sites: 84
Purchase Price: $2,150,000
Acres: 49

Background:

Cherrypick Capital acquired Fisher’s Cove RV Park, a high-performing and low-management property located in eastern Nebraska. The park features lakefront access and a recently built layout that offers a unique experience for seasonal visitors while providing steady cash flow for investors.

Operating from April through October, Fisher’s Cove produces consistent income with minimal oversight. The full-time, on-site manager is staying on to ensure a smooth transition. The property spans 48.5 acres with a private 22-acre lake and numerous in-demand lakeside sites.

This off-market acquisition is already generating over $190,000 in net operating income with a strong 9 percent cap rate at purchase. Most seasonal sites are pre-sold, ensuring reliable revenue and minimal risk of rental delinquencies.

Looking ahead, Cherrypick plans to expand amenities such as the dog run and playground, add new RV pads, and develop underused land for short-term rentals and glamping sites. The strategy includes steady rent growth, an enhanced on-site store, and targeted marketing to increase occupancy and long-term value.

Property Address: 4648 Cuming St., Omaha, NE
Hold Period: 4 years
Total Units: 24
Purchase Price: $1,130,000
Sold Price: $1,360,000
Net Proceeds: $190,131

Background: Despite lower overall returns, the Cuming St project yielded a significant net profit. The market during this period was characterized by higher interest rates and increased inventory, leading to slower transactions. Nevertheless, our thorough underwriting process, which carefully considers potential market changes, enabled us to achieve a positive outcome. This project underscores our ability to generate profits even in challenging economic conditions, showcasing the robustness of our investment strategy.

Property Address: 1918 S 29th Cir, Omaha, NE
Hold Period: 2.5 years
Total Units: 12
Purchase Price: $435,000
Sold Price: $750,000
Net Proceeds: $304,071
Equity Multiple: 1.55
IRR: 42.69%

Background: The 29th Cir project highlights our ability to identify and capitalize on high-potential properties. Through strategic renovations and effective management, we significantly increased the property’s value, resulting in outstanding returns for our investors.

Property Address: 2940 Woolworth Ave, Omaha, NE
Hold Period: 6 years
Total Units: 14
Purchase Price: $640,000
Sold Price: $950,000
Equity Multiple: 3.81
IRR: 32.54%

Background: The Woolworth project showcases our expertise in sourcing off-market opportunities through our proprietary acquisition methods. After completing extensive interior and exterior renovations, we repositioned the property to align with the growth of its rapidly improving neighborhood. This strategic approach not only elevated the asset’s appeal but also delivered strong value creation and solid performance for our investors.

Property Address: 4005 Hartman Cir, Omaha, NE
Hold Period: 3 years
Total Units: 10
Purchase Price: $538,000
Sold Price: $875,000
Equity Multiple: 3.82
IRR: 21.23%

Background: The Hartman project was another off-market acquisition that exemplifies our focus on underperforming assets with strong upside potential. We completed a full renovation of every unit along with exterior upgrades that transformed the property’s appeal and functionality. Through strategic improvements and active management, we increased average rents from $650 at acquisition to $900 at sale. Although the property wasn’t listed for sale, we were approached with an offer that reflected the success of our repositioning strategy, leading to a profitable exit for our investors.

Fix and Flip Projects

We have also achieved impressive returns on quick fix and flip projects, generating the following swift and substantial average returns:

Payback Period: 5.28 months
Cash on Cash: 227%
Equity Multiple: 3.31
IRR: 349%
Return on Investment (ROI): 128%