Center 48 Capital

Value. Growth. Location.

$174M+ Total Capitalization

586+ Units

25+ Years Experience

18%+ Avg. Projected IRR

Our Approach

Investment Philosophy

Center 48 Capital is a real estate investment firm based in Kansas City, focused on the preservation of capital and the creation of value through hands-on asset management and development. We utilize a data-driven process to identify multifamily and build-to-rent opportunities in high-growth Tier 2 and 3 cities.

Capital Preservation

Downside protection and disciplined underwriting across every transaction. We prioritize protecting investor capital before pursuing returns.

Value Creation

Targeting underperforming assets where renovations and operational enhancements drive meaningful NOI growth and asset appreciation.

Market Density

Concentrating high-quality assets in sub-markets where we have local expertise, relationships, and operational efficiencies.

What We Do

Investment Strategy

Stabilized Acquisitions

We target stabilized multifamily opportunities in high-growth markets projected to deliver above-average returns driven by sustained economic and population growth.

Build-to-Rent Development

We identify raw land opportunities and complete entitlements to develop Class A BTR townhome communities and apartment communities in desirable suburbs with limited rental supply.

Value-Add Opportunities

We acquire underperforming multifamily assets and improve them through targeted leasing strategies, property upgrades, and operational enhancements to increase NOI and asset value.

Leadership

Cross-Disciplinary Expertise

Andy Ashwal

Asset Management & Development

Over 18 years of experience in real estate development, construction, and asset management. Andy has developed over 1,000 apartments and managed more than 5,000 units across multiple markets. He holds a Master's in Construction Executive Management from NYU.

Kevin Jury

Acquisitions & Capital Markets

8 years of experience in real estate advisory and acquisitions, specializing in multifamily investment properties. Previously a CPA at KPMG, Kevin has transacted over 1,750 units and $140M in sales volume. B.S. and Master's in Accountancy from the University of Kansas.

Code Williams

Investor Relations

Specializes in complex commercial real estate transactions including acquisitions, sales, and lease negotiations. With a strong underwriting background, Code spent 17 years in Oil & Gas exploration, closing transactions exceeding $100 million.

Our Work