Black oak management

Owner, Operator, and Developer of Multifamily Assets.

We take pride in delivering above market returns for our investors by creating spectacular homes for Philadelphians.

Our strategy

We seek to capitalize on market inefficiencies due to operational mismanagement and asset obsolescence.

Leveraging decades of submarket expertise, our team identifies and structures investments that we believe have inherent deep value and will benefit from our firm’s extensive operating expertise in the multifamily sector.

Our Main Value Drivers

Proprietary deal flow

Our laser focus on the core Philadelphia multifamily market and long experience have allowed us to build a core competency in locating, negotiating, and purchasing assets that uniquely lend themselves to our strategy.

Strategic value-add

After a thorough analysis, we develop and implement an action plan, which may encompass modest restoration or a comprehensive renovation.

Through every stage and strategy, we participate with hands-on involvement.

In-house management

We've found that happy residents lead to better asset performance. We strive to be the most active and responsive property manager in our market.

The feedback from our management strengthens our acquisitions and value-add strategy leading to a never ending feedback loop that translates into strong investor returns.

The case for focusing on Philadelphia

More opportunity, less competition.

The local economy is diverse and resilient with significant employment of high-income earners by government, private sector, and public institutions.

Ending a several decade long trend the city's population has been growing since 2006.

Core center city neighborhoods are largely composed of small dated apartment buildings which provide a great opportunity to add value but are individually too small in scale to present a compelling investment opportunity for many national real estate investors.

Because of a host of factors including geographical limitations and bureaucratic obstacles, the construction of significant new housing downtown is unlikely, this provides a tailwind to seasoned operators who can navigate the real estate business in Philadelphia.