WHO WE ARE IN REAL ESTATE
NGH facilitates community investments, while focusing on creating superior risk-adjusted returns to our partners. Our investment and business philosophies are investing in “What We Know” and establishing differentiation in overlooked markets.
OUR MISSION IN REAL ESTATE
Our mission is to facilitate community investments through affordable and sustainable housing.
Nascent Group Holdings (NGH) uses real estate as the backbone of our company. NGH Real Estate focuses on class B and class C (workforce housing) multifamily acquisitions and Class A Equity investments in the Rust Belt.
We seek acquisitions and equity investments that return 10-20% IRR per annum, respectively. Our relationships with expert industry partners gives us a “first seat at the table” approach to dictate favorable terms of investment to our limited partners.
PAST PROJECT PERFORMANCE
Quarterly Yield: 2%
Per Annum Preferred Return: 8%
Net IRR: 16.18%
Target Return Upon an Exit: 1.96x the total investment
Expense Ratio: (Hurdle Rate based on total project performance above 12% with a 25 (firm)/75 (investor split)
Our Real Estate Team
Financing and Underwriting
Rod Wilt is a founding partner of Oakmont Investment Properties, LLC, and a Partner (Finance) at NGH Real Estate, LLC. He recently incorporated RJW Farm Properties, LLC for the purpose of renovating a 119-acre farm in Mercer County, PA into a commercial livestock operation. Over the past 10 years, he has been a partner and directly involved in the acquisition and financing of 17 multi-family properties totaling nearly 3,100 units. The combined asset value of this portfolio at acquisition exceeded $220,000,000.
Rod formerly served in the Pennsylvania House of Representatives from 1996-2006. During his multi- faceted career, he has also held positions in commercial real estate finance with Dollar Bank and First National Bank, real estate acquisitions with The Hudson Group and DBC Real Estate, and product management with Winner International.
Rod has previously served on numerous charitable boards including the United Way of Northern Mercer County, The Keystone Blind Association, Greenville Little League, North Allegheny Baseball Boosters and the UPMC Horizon Community Board of Directors. He is currently serving his 5th term on the Thiel College Board of Trustees where he is a Committee Chair and member of the Executive Committee. A two-time NCAA Division III All-American in wrestling and a former NCAA wrestling official, he continues to be involved in the sport and he has endowed the Thiel College Head Coach for Wrestling position. He has been inducted into both the Thiel College and Mercer County (PA) Athletic Hall of Fame.
Rod has a Bachelor’s degree from Thiel College, completing majors in Business Administration and English. He and his wife, Jill, have been married for 32 years and have one adult son, Tanner.
Jason Williams, is a Partner at NGH Real Estate, and manages NGH Real Estates Property Management Operations. Jason also serves as President of Charter Properties, a privately held real estate investment company in Central Ohio. He is responsible for all operations of a real estate portfolio consisting of over 1,000 apartment and commercial units. The firm has grown by acquiring distressed assets and improving the tenancy and/or the physical asset to increase value. Mr. Williams started with the firm in 2002 as a project manager and became president in 2007. Jason has managed the day to day of several of these repositioning opportunities. Mr. Williams has a comprehensive understanding of the business and understands how to create and preserve value. His responsibilities include managing a staff of 25 asset managers and maintenance technicians, customer service and retention, conflict resolution, finance, and wealth creation/preservation.
Mr. Williams most notable property turn around was an acquisition in 2011 of a 124-unit apartment community for $29,000 per door, reposition, hold, and then selling in 2015 for $52,000 per door. The asset required very little capital improvement as it was newer with few structural flaws. Instead the asset suffered from negative perception in the community due to a history of tenant problems. Through the implementation of firm community policies and a higher standard for approval criteria the community was turned around for the better, which translated into better tenancy, higher rents, fewer turns, and fewer expenses. All of which are a receipt for success.
Mr. Williams is a graduate of Boston University where he studied Business Administration. He is also a Certified Apartment Portfolio Supervisor by the National Apartment Association and he is a licensed real estate agent in the State of Ohio. Jason volunteers with several national and local organizations that focus on helping families in need, such as the Salvation Army and the Charity Newsies. When not working he enjoys spending time with his wife of 15 years and children, being in the outdoors, or coaching lacrosse.