In October 2017, “Supply Chain Digital”, published an article recognizing the success Mike and his group at Amherst achieved with their creative approach at applying traditional supply chain concepts to a non-traditional space. Mike’s addition to the Magnify team adds deep operational insight and extensive supply chain management experience. He is a Lean Six Sigma Master Black Belt and completed the real estate investment program at Harvard. Similar to David and Tommy, Mike’s dedication to his family, strict work ethic, and relationship-first philosophy allows for a smooth transition into Magnify’s team-first culture, and his comprehensive experience across multiple operational platforms further expands the capabilities of Magnify’s core team.
Capitalizing on untapped potential within the single family residential space, serial real estate entrepreneur David Osborn and experienced fund builder Tommy Prate are forging success by applying their respective experiences and a team-forward philosophy in Magnify Capital. “We are leveraging our trusted relationships and extensive individual experience in real estate and investment funds to operate unique strategies that require expertise in both industries in order to succeed,” explains Tommy Prate, co-founder and CEO of Magnify Capital.
What kind of edge does Magnify’s team bring to this industry? While many of the large Real Estate Investment Trusts (REITs) focus on using technology to scrape the MLS or purchase pools of assets to achieve economies of scale, Magnify Capital’s established local relationships allow for a dynamic acquisition strategy, specifically targeting the best deals in each market. Magnify’s network of partners in real estate markets across the country are called Magnifiers, and not only do they have access to off-market deals largely unknown to traditional REITs, but also house their own analysis, acquisition, renovation, and property management teams to efficiently execute operations at the local level. This edge allows for a win-win scenario that benefits Magnify’s partners and produces attractive returns for investors.
Magnify Capital is a private investment company focused on acquiring residential real estate in markets throughout the United States. Founded by PE/hedge fund veteran Tommy Prate and David Osborn, founder of the 4th-largest real estate brokerage in the country and best-selling author, Magnify Capital focused on the single family residential asset class. Their team has the unique ability to source opportunities through established relationships forged over more than 25 years.