A private real estate fund targeting value-add multifamily assets in high-demand U.S. markets.

A private real estate fund targeting value-add multifamily assets in high-demand U.S. markets.

We invest in value-add multifamily opportunities that fall below the radar of large funds, capitalizing on market inefficiencies to generate premium returns.

A private real estate fund targeting value-add multifamily assets in high-demand U.S. markets.

We invest in value-add multifamily opportunities that fall below the radar of large funds, capitalizing on market inefficiencies to generate premium returns.

WHO WE ARE

Cressa 3 is a private real estate investment firm focused on acquiring, improving, and aggregating off-market multifamily housing assets in underserved U.S. markets. We target deal sizes too small for institutional players but too complex for most individual investors.

We unlock value through operational execution, disciplined underwriting, and builder partnerships. Our mission is to deliver strong risk-adjusted returns while addressing persistent housing shortages across the country.

At A Glance

  • Target IRR: 20%+

  • Assets Targeted: Small-to-mid-sized multifamily

  • Geographic Focus: Underserved markets across the U.S.

Team Track Record

  • $30M+ deployed equity

  • 20%+ historical gross IRR

  • 72+ transactions with zero capital impairments

Who We Are

Cressa 3 is a private real estate fund investing in off-market multifamily opportunities in the $3–5M range.

Who We Are

Cressa 3 is a private real estate fund investing in off-market multifamily opportunities in the $3–5M range.

Who We Are

Cressa 3 is a private real estate fund investing in off-market multifamily opportunities in the $3–5M range.

What We Do

We partner with top-tier builders to renovate and reposition properties for cash flow and future institutional sale.

What We Do

We partner with top-tier builders to renovate and reposition properties for cash flow and future institutional sale.

What We Do

We partner with top-tier builders to renovate and reposition properties for cash flow and future institutional sale.

Why It Matters

The U.S. housing shortage, rising household formation, and capital markets dislocations have created an ideal opportunity for experienced, nimble buyers.

Why It Matters

The U.S. housing shortage, rising household formation, and capital markets dislocations have created an ideal opportunity for experienced, nimble buyers.

Why It Matters

The U.S. housing shortage, rising household formation, and capital markets dislocations have created an ideal opportunity for experienced, nimble buyers.

Phase 2: The Evolution — Cressa 3

A new platform built on a proven foundation

Phase 1: The Foundation - Rama Group International (RGI)

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Phase 1: The Foundation - Rama Group International (RGI)

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Phase 1: The Foundation - Rama Group International (RGI)

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Phase 1: The Foundation - Rama Group International (RGI)

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Phase 1: The Foundation - Rama Group International (RGI)

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Phase 1: The Foundation - Rama Group International (RGI)

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Phase 2: The Evolution — Cressa 3

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Phase 2: The Evolution — Cressa 3

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Phase 2: The Evolution — Cressa 3

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Phase 2: The Evolution — Cressa 3

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Phase 2: The Evolution — Cressa 3

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Phase 2: The Evolution — Cressa 3

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Together, the team behind Cressa 3 brings a rare blend of on-the-ground real estate execution and institutional-grade fund management.

Together, the team behind Cressa 3 brings a rare blend of on-the-ground real estate execution and institutional-grade fund management.

Voices from Leadership

Real insights. Real execution.

Cressa 3 is built on nearly two decades of hands-on investing in multifamily real estate. We’ve seen where the big funds can't go. That’s exactly where we create value. By staying disciplined, sourcing locally, and executing with proven partners, we generate real returns in places others overlook.”

Amit Kapur

Managing Partner

Craig Dunham

Managing Partner

Cressa 3 is built on nearly two decades of hands-on investing in multifamily real estate. We’ve seen where the big funds can't go. That’s exactly where we create value. By staying disciplined, sourcing locally, and executing with proven partners, we generate real returns in places others overlook.”

Amit Kapur

Managing Partner

Craig Dunham

Managing Partner

Cressa 3 is built on nearly two decades of hands-on investing in multifamily real estate. We’ve seen where the big funds can't go. That’s exactly where we create value. By staying disciplined, sourcing locally, and executing with proven partners, we generate real returns in places others overlook.”

Amit Kapur

Managing Partner

Craig Dunham

Managing Partner

INVESTMENT
APPROACH

A Proven Playbook for Value Creation

We invest in off-market multifamily assets that are overlooked by institutional capital and too complex for most independent buyers. By targeting smaller, value-add transactions with clear upside, we unlock yield, create scale, and position our portfolios for high-return exits.

What Sets Us Apart

Off-Market Access

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Off-Market Access

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Off-Market Access

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Below-Market Acquisitions

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Below-Market Acquisitions

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Below-Market Acquisitions

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Smaller Deals = Bigger Yield

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Smaller Deals = Bigger Yield

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Smaller Deals = Bigger Yield

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Builder-Led Renovation

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Builder-Led Renovation

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Builder-Led Renovation

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Execution at Scale

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Execution at Scale

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Execution at Scale

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Institutional Exit Strategy

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Institutional Exit Strategy

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

Institutional Exit Strategy

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Off-Market Access

Proprietary sourcing through broker relationships, builder partners, top agent networks and operating partner private deal channels

A Proven Playbook for Value Creation

Off-market sourcing

Off-market access through builders, brokers, and operating partners

Below-market acquisitions

Underwrite and close at below-market basis, without leverage

Renovation with top-tier builders

Execute value-add plans via top-tier construction partners

Stabilize, Lease-up and operate for yield

Lease-up and operate to generate cash flow. Focus on livability, tenant comfort, and long-term resilience.

Exit Through Portfolio Sale or Refinance

Monetize gains via institutional acquisition or recap

COMMITMENT
TO ESG

Sustainability & Stewardship. Focused investing. Lasting impact.

At Cressa 3, we believe that responsible real estate investing goes hand in hand with long-term value creation. We focus on breathing new life into underutilized multifamily assets, improving the built environment while contributing to the communities we serve.

Our renovation-first strategy naturally supports sustainability. We repurpose existing housing stock, minimize unnecessary demolition, and implement practical upgrades that improve energy efficiency and tenant well-being.

Our Commitment to

Responsible Investment

We are committed to embedding Environmental, Social, and Governance (ESG) principles into our investment decisions, renovation planning, and operational practices. Each project is evaluated not only for financial performance, but for its potential to:

Reduce energy consumption and waste

Improve housing quality and livability

Respect community fabric and tenant experience

Create durable assets better positioned for long-term ownership or institutional sale

We view ESG not as a checklist but as a practical lens through which we improve outcomes for all stakeholders.

Sustainability in Action

Our projects are built on the idea that capital efficiency and sustainability are not at odds. When we acquire and improve housing assets, we look for cost-effective ways to reduce environmental impact and increase resilience. That may include:

Installing high-efficiency systems and insulation during renovation

Encouraging reuse and reduction of construction waste

Improving indoor air quality and resident comfort

Targeting properties near public transit to reduce transportation footprint

As described in our investor materials, we focus on scale through aggregation, not ground-up development. This allows us to sidestep many of the environmental and social tradeoffs of traditional real estate growth models.

Governance & Culture

We hold ourselves to high standards as fiduciaries, operators, and partners. Our governance approach emphasizes:

Alignment of interests through meaningful GP co-investment

Transparent fund operations and investor communication

Thoughtful risk management rooted in decades of real estate and business leadership

Internally, we foster a culture of inclusion, accountability, and execution. Our team draws from diverse personal and professional backgrounds, and we believe that range of perspective is essential to navigating the complexity of today’s market.

CONTACT US

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