Doug Root
Co-founder & Managing Partner @Blackfin Real Estate Investors, Llc
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WORK HISTORY
Co-founder & Managing Partner @Blackfin Real Estate Investors, Llc
Washington, DC, US
Co-founder and managing principal of Blackfin Real Estate Investors and responsidble for the acquisition and asset management of the venture’s investment portfolio. Blackfin focuses on high quality multifamily properties throughout the Northeast, Mid-Atlantic, and the Carolinas. We seek opportunities in markets with expected growth prospects and strong underlying fundamentals, and actively engage in managing and repositioning our assets to maximize their ultimate competitive position. The team at Blackfin has an extensive relationship throughout the industry which allows them to Identify off-market transactions that translate to immediate value creation due to below-market pricing and mismanagement. Blackfin targets assets with value-add enhancement potential through repositioning, operations, and/or capital improvements. Blackfin’s core strategies include- Execute repositioning through a combination of capital improvements, adding amenities, operational efficiencies, and re-tenanting- Improve cash flow by increasing rental growth through revenue management/enhancement strategies, driving ancillary income, improving resident retention, reducing operating expenses and/or capital expenditures - Control the value creation of each asset through customized investment and exit strategies- Diversify risk by investing in multiple markets and product types- Increase current income and long-term capital appreciation in a tax-advantaged structure
EDUCATION
Duke University
Bachelor of Arts - BA
Cornell Johnson Graduate School of Management
MBA, Finance
ABOUT DOUG ROOT
Mr. Root is a co‐founder and managing partner of Blackfin Real Estate Investors and Iron FishConstruction. Blackfin was founded in August of 2016 and focuses on high quality multifamily properties throughout the Northeast, Mid‐Atlantic and the Carolinas. Blackfin seeks opportunities in markets with expected growth prospects and strong underlying fundamentals, and actively engage in managing and repositioning assets to maximize their ultimate competitive position. Mr. Root is responsible for the acquisitions, investor relations, and asset management of the venture’s investment portfolio. Iron Fish Construction is a full service general contracting company that provides renovation and deferred maintenance services to many of the largest institutional apartment owners in the country. Mr. Root is a licensed general contractor in 11 states. Prior to co‐founding Blackfin, Mr. Root was a Managing Director of Investments with Greystar where he was responsible for the acquisition, disposition, financing, and asset management of investments in the Northeast, Mid‐Atlantic, and Mid‐West. Over his 5 year tenure at Greystar, Mr. Root acquired approximately $1.2 Billion of apartments. Prior to joining Greystar, he worked for Invesco Real Estate’s Acquisitions Group and closed over $1.4 billion in multifamily, office, retail, and industrial transactions.Mr. Root is a 2007 graduate of Cornell University’s Johnson School of Management where he received an MBA with a concentration in real estate and finance. Also a graduate of Duke University, Mr. Root received a Bachelor of Arts degree in History and a Certificate in Markets and Management. Mr. Root was a two time All‐American while competing on the Duke University Men’s Tennis Team and went on to compete on the ATP professional tennis tour for 3 years playing in tournaments as notable as the U.S. Open.Mr. Root is an active member of the The Economic Club of Washington, D.C, DC Real Estate Group, Project Healing Waters, and he serves on the Board of the Arlington Free Clinic.
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