We work with private investors to invest passively in multi family apartment buildings.
If you are tired of the unpredictable returns in the stock market and want to secure your financial future we can help.
We strategically choose markets where we have a competitive advantage to generate strong monthly cash flow and equity growth.
Contact us now to get started.
Jens Nielsen is the principal of Open Doors Capital and a full-time real estate investor. He has raised millions for apartment syndications and is a general partner in over 1,100 apartment units around the country valued at over $50M.
Jens is also a Certified High Performance Coach and has coached many new and experienced real estate investors to succeed in the business through accountability, personal growth, and consulting.
A long career in the IT field has provided Jens with the skills to implement systems and technologies to help his team succeed in the investment business.
Rod Khleif is a passionate real estate investor who has personally owned and managed over 2000 apartments and homes. As an accomplished entrepreneur, Rod has built several successful multi-million dollar businesses. But ask Rod what he is most proud of, and he will tell you about his work as a community philanthropist, over the past 14 years Rod’s work has benefited more than 40,000 underprivileged community children. Khleif has combined his passion for real estate investing with his personal philosophy of goal setting, envisioning, and manifesting success to become one of America’s top real estate investment professionals.
Jason Pero is President of Pero Real Estate LLC which was founded in 2001. Jason has owned and operated over $60M of real estate assets comprised of over 1200 multifamily rental units. Pero Real Estate is one of the largest real estate investment companies in Northwestern Pennsylvania. Current President of the Apartment Association of Northwestern Pennsylvania, Jason takes pride in educating landlords and real estate investors. An author, frequent guest on nationally recognized podcasts, and a real estate coach for new and experienced investors, Jason has worked hard to provide value in every aspect of his business.
In May 2021, Open Doors Capital partnered with Pero Real Estate and Prospera Ventures to purchase our second deal together, a 42 unit value add apartment complex in Cleveland OH for $2.2M. With strategic improvements to the units we can increase rents and the business plan estimates a refinance in year 3-4 to return a majority of the capital to our investors.
Open Doors Capital partnered with Pero Real Estate to purchase a 35 unit townhome portfolio in Millcreek, PA in April 2021. The purchase price was $4M. This is a turnkey portfolio, purchased for strong cash flow. The goal is to implement minor operational improvements and increase rent to current market pricing to provide strong returns to our investors.
In Q1 2021, Open Doors Capital partnered with Pero Real Estate and Prospera Ventures to purchase a 24 unit value add townhome portfolio in Cuyahoga Falls, OH. We are implementing a value add strategy to upgrade the units, raise rents and refinance the portfolio year 3-4.
Open Doors Capital partnered with Pero Real Estate and MFI Club in December 2020 to acquire a 104 unit portfolio of apartment properties in Cleveland Heights for $9.7M. We will implement our value add strategy by improving the apartments, common areas and exterior to attract great tenants to this vibrant neighborhood of Cleveland.
Open Doors Capital partnered with Pero Real Estate In June 2020 to acquire a 137 unit portfolio property consisting of the Shoreline, Apple Tree and Maple Lane properties in Erie Pennsylvania for $6.7M. We will implement a value add strategy to increase rents and provide a better experience for our tenants.
This value-add 236 unit apartment complex located in Phoenix AZ was acquired in August 2019. We partnered with GenWealth Capital Group as co-sponsors. We purchased this property for $16.7M with significant upside. We are currently implementing our business plan of repositioning the property.
Open Doors Capital partnered with Pero Real Estate In June 2019 to acquire the 205 unit property in Erie Pennsylvania for $10.6M. The property was build in 1918 and renovated in 2009. We will implement a value add strategy to increase rents and improve occupancy to generate great returns for our investors.
This is a 212 unit apartment property in Atlanta GA that Open Doors Capital partnered on in 2019 as a co-sponsor. This property closed in March 2019 for a purchase price of $14.2M and we are currently implementing our business plan of renovating units and increasing rents.
Open Doors Capital partnered with Ashcroft Capital in May 2017 to invest in a 196 unit property in Dallas/Forth Worth. The purchase prise was $13.3M. 98-Fifty is a 196-unit, apartment complex built in 1980. The property features four floor plans consisting of efficiency-, one-, and two-bedrooms. The community features a swimming pool, a business center, outdoor BBQ and picnic area, playground, clothes care center, and dog park. So far the projected returns has exceeded our expectations.
Open Doors Capital partnered with Ashcroft Capital in April 2018 to invest passively in a value add 564 unit portfolio in the Dallas/Forth Worth market. The purchase price was $52M. This portfolio sold in Q2 of 2021 with an 18.0% annualized cash-on-cash return and a 1.52 equity multiple.
Open Doors Capital partnered with Tapestry in December 2018 to invest in a 224-unit senior assisted living facility in Moon Township, PA. This is a unique project to convert a hotel to assisted living. Construction on the Project commenced in April 2018, with completion expected at the beginning of April 2019. The certificate of occupancy is expected around April 1, 2019, followed by facility licensing and opening Ashcroft Capital acquired separately, two off-market assets, Midtown Crossing and Chestnut Ridge, which happen to be directly adjacent to one another on Randol Mill Rd in North Arlington. Both properties were built in 1984 with 564 units in total, and present a substantial value-add opportunity through a continuation of upgrades to unit interiors.
Open Doors Capital partnered with Covemark 2017 and 2018 in several rounds of investments in self-storage and mobile home park funds. CoveMark’s diverse real estate portfolio includes both commercial and residential real estate in key markets across the U.S. They currently hold interests in more than 150 mobile home parks, totaling 21,000+ lots, across 27 states; and more than 10 self-storage facilities, comprised of 6,100+ units, totaling over 870,000 NRSF, across five states.