Multifamily
Fourplexes and larger apartment buildings in Windsor, LaSalle and Amherstburg, plus student housing within walking distance of the University of Windsor. This is the core of the firm.
Amherstburg, Ontario
Patient capital for Essex County housing.
Kamath Holdings is a real estate investment firm. We identify, acquire and manage multifamily, commercial and single-family properties across Essex County on behalf of investors.
Approach
Three kinds of property, one county.
Our investors take part in real estate ownership passively. We handle the sourcing, due diligence, renovation and management.
Commercial
Mixed-use, retail and office properties with dependable tenants and room to improve income.
Single family
Detached houses and duplexes bought to renovate and hold as rentals.
What we buy
Acquisition criteria
- Property type
- Multifamily buildings with four or more units, commercial properties, and single-family houses and duplexes.
- Markets
- Essex County, with a focus on Windsor, LaSalle and Amherstburg.
- Student housing
- Houses within walking distance of the University of Windsor.
- Condition
- Dated or under-managed buildings where renovation and better management raise rents and value.
- Hold period
- Long term. We refinance and keep the building.
Process
How a deal works
Each acquisition follows the same five steps. The capital that buys one building is recovered and used to buy the next, while the first building stays in the portfolio.
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01
Buy
We look for buildings priced below what they are worth once repaired and properly managed.
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02
Renovate
Capital goes into the work tenants pay for and appraisers recognise: units, mechanicals and exteriors.
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03
Rent
Renovated units are leased at market rents to qualified tenants and managed closely.
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04
Refinance
Once the building is stabilised, a new appraisal and mortgage return much of the original capital.
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05
Repeat
The building stays in the portfolio. The recovered capital goes into the next one.
Underwriting
If the numbers only work in the best case, we pass.
Every acquisition is modelled before an offer is made. We report the expected return, then test it against higher interest rates, longer vacancy and cost overruns. Strategies that fail the test are dropped, even late in the process.
In every model
- Purchase price and renovation budget
- Rents, unit by unit
- Operating costs and reserves
- Financing and refinance terms
- IRR and equity multiple
- Sensitivity to rates, vacancy and costs
Investors and lenders
We are building a small circle of private investors and lenders, one acquisition at a time. Each investor sees the full model and every assumption behind it before committing.
About
Utkarsh Kamath, Founder
Utkarsh founded Kamath Holdings to invest in real estate in the region where he lives. He is completing a Bachelor of Business Administration in Finance at the University of Windsor.
His experience covers investing in public and private markets, real estate analysis and underwriting, and real estate financial modeling (REFM).
Principles
- Honesty
- Commitment
- Win-win
Contact
Start a conversation
Whether you own a building, represent one, or want to partner on an acquisition, write to us.
- holdingskamath@gmail.com
- Phone
- 226-340-7629
- Office
- Amherstburg, Ontario