Overview

KRI Partners, part of the KRI Group of companies, is a real estate syndication and real estate private equity firm with offices in Tampa, Orlando, Jacksonville, Florida and Cleveland, Ohio that specializes in the acquisition and management of multi-family apartment assets located in the Southern United States. Our philosophy is based on a core set of values that includes trust, integrity and profe...read more

investor capital managed

$17,175,000

Principal Experience

24 Years

Real Estate Experience

24 Years

Investment Programs Offered

Close-Ended Fund

Property Types

Multifamily

Regions

East, South

Strategies Employed

CRE Acquisition

Risk Profile

Value Add

Primary Markets

Tampa-St. Petersburg-Clearwater, FL, Deltona-Daytona Beach-Ormond Beach, FL, Orlando-Kissimmee-Sanford, FL, Jacksonville, FL, North Port-Sarasota-Bradenton, FL

Track record

15 investments · 15 assets

InvestmentTypeInception DateInvestment AmountRealization DateTotal ProceedsRealized IRRRealized Equity Multiple
Van Aken Crossings
Direct Real Estate
07/01/2006
$3,255,000
04/01/2020
$5,650,000
4.92%
1.62x
Crandell Apartments
Direct Real Estate
12/01/2003
$585,000
12/08/2005
$1,170,000
521.63%
40.22x
Ashwood Apartments
Direct Real Estate
12/01/2003
$425,000
02/01/2006
$765,000
172.72%
8.84x
Milverton Apartments
Direct Real Estate
12/18/2003
$658,000
09/12/2006
$1,450,000
36.8%
2.36x
Arbours at Garden Grove
Direct Real Estate
08/31/2016
$7,425,000
--
--
--
--
Ashwood Courts
Direct Real Estate
08/05/2004
$1,225,000
08/15/2015
$1,087,500
57.53%
3.18x
Barclay Apartments
Direct Real Estate
01/23/2006
$1,150,000
03/11/2014
$1,251,000
--
-0.18x
Balfour Apartments
Direct Real Estate
12/01/2003
$425,000
02/01/2006
$765,000
307.21%
21.13x
Coachman Club Apartments
Direct Real Estate
05/18/2015
$5,900,000
11/09/2017
$8,200,000
32.71%
1.96x
South Moreland Apartments
Direct Real Estate
11/01/1997
$575,000
11/01/2000
$750,000
47.42%
3.21x

Page 1 of 2

Active investment summary

Amount of Active Investments

$7,425,000

Co-invested Capital

$237,500

Realized investments summary

Amount of Realized Investments

$44,823,500

Average IRR

368.34%

Average Equity Multiple

11.45x

Average Hold Period

54 months

Investments by property type

Multifamily0

Multifamily

100%

Total

100%

Team

Kenneth A. Gee

Founder and Managing Member

 · 1997 - Present

Mr. Gee is the founder and managing partner of KRI Partners and the KRI group of companies. He has more than 24 years of significant real estate, banking, private equity transaction and principal inve...read more
Show Principal details

Copyright © Verivest LLC 2021

Verivest is not registered with the SEC or any similar state agency, is not an investment advisor and does not offer investment advice. Verivest does not (and cannot) recommend any of the sponsors or investment opportunities referenced on this site. All private investments involve risk and uncertainty, including lower than projected returns and a complete risk of loss of invested capital. Investors should conduct thorough due diligence and consult with qualified legal and financial advisors before making any investment decisions.