Meet the Team
Osman Sesay
Osman Sesay is a managing partner at Pyro Capital LLC. His interests in real estate started years back, but the thought of having to be a landlord and all of the pestering tasks (tenant, termites, and toilets) did not seem worthwhile — especially with low scaling opportunities. With further research and education, Osman realized that multifamily syndication was the perfect answer — combining accelerated scalability with all the benefits of traditional real estate —and without the hassle of being a landlord. In addition, Osman works as a Business Logic Developer at American Express, in which he contributes to a wide range of major projects for new products for customers and colleagues, with a specific focus on identifying opportunities, collaborating and leading teams, mitigating risks, identifying opportunities, and developing strategic operating plans. Osman brings this can-do mindset and attention to detail to the multifamily investment space.
why multifamily?
CASH FLOW AND EQUITY
CASH FLOW AND EQUITY
CASH FLOW AND EQUITY
Multifamily properties create consistent cashflow for investors throughout the lifetime of the investment. Investors are given preferred returns (are paid first) quarterly and receive equity upon the end of the investment
STABILITY
CASH FLOW AND EQUITY
CASH FLOW AND EQUITY
Multifamily investments are a more stable and less risky investment in comparison to other options, such as stocks/bonds, crypto, and IRA/401K investments in times of economic uncertainty
TAX BENEFITS
CASH FLOW AND EQUITY
TAX BENEFITS
Depreciation is a tax write-off that enables you to keep more of your profits
APPRECIATION
HEDGE AGAINST INFLATION
HEDGE AGAINST INFLATION
Forced appreciation through strategic value plays increase the overall value of the property
HEDGE AGAINST INFLATION
HEDGE AGAINST INFLATION
HEDGE AGAINST INFLATION
As cost of living increases, multifamily properties will naturally increase in value as well
AMORTIZATION
HEDGE AGAINST INFLATION
AMORTIZATION
Residents pay down debt which creates equity, this leads to long-term wealth.
Strategy
Market Research
Before finding the right asset, we first need to find the right market, i.e., emerging markets in primary and secondary markets with positive job and population growth, diverse job sectors, mainly those that will perform well during economic downturn, demographic shifts, supply absorption rates and positive local legislation
Asset Criteria
We prioritize building relationships with commercial listing brokers to acquire off-market deals, as well reaching out to Bank Owned Properties (REO) agents. Our searches include reaching out to owners directly instead of waiting for properties to come to market, in which we look for C- to B+ properties located in C+ to A areas, 50+ units in the $4MM – $50MM range, properties 1980 and newer
Value Add Strategy
We look at apartment buildings as a business - The more income we can create and/or expenses we can decrease, the more cashflow and equity we can get. Some opportunities we look for are mismanagement caused by the owner self-managing, poor supervision of management companies, poorly treated maintenance, high vacancies. and below market rents
Acquisition Criteria
Each asset goes through an extensive due diligence process to confirm the physical and legal status of the property and to confirm valuations to ensure achievable investment strategies. Early in the asset evaluation phase, the debt and equity financing strategy is developed based on a number of factors such as property type, amount of renovations, expected hold period and investor objectives. Each asset is typically held 5-10 years depending on the exact business plan