Explore Our Investments

Portfolio

Excellence in Real Estate Investment

Korah manages a carefully curated real estate portfolio that creates cashflow while executing a business plan for appreciation. Each property is overseen by our property managers and construction companies. All future tenants of Korah properties will not only experience a high level of service but care from local ministries.

Watercolors of Centerton

376 unit Class A Luxury property in Centerton/Northwest Arkansas

  • Sourced off-market through broker relationship
  • 17%-19% Projected IRR
  • 4%-6% cash on cash return
  • Projected Equity Multiple: 2.1x

 

Metcalf 56

91 unit multifamily building in prime area in Johnson County, Kansas

  • Property was acquired under rent control program with below market rents and deferred maintenance
  • In process of addressing major cap ex and renovation of all units
  • Purchase price & soft costs: $7,210,000
  • Rehab budget: $800,000
  • Projected Equity Multiple: 2.7x

 

Mission Manor

96 unit property acquired for low basis relative to comparable properties in submarket.

  • Business plan includes renovating units with modern finishes, upgrading the pool and exterior, and raising rent to market rates.
  • Property located near KU Medical Center in an opportunity zone.
  • Purchase price & soft costs: $7,300,000
  • Rehab budget: $1,400,000
  • Projected equity multiple: 2x

The Parks

96 unit multifamily property in South Kansas City

  • Heavy value-add opportunity
  • Complete interior/exterior renovation and rebrand of complex
  • Purchase price & soft costs: $6,800,000
  • Rehab budget: $1,800,000
  • Projected Equity Multiple: 2.1x

Rockhill Terrace

28 unit brick building in historic Midtown KC

  • Sourced off-market
  • Negotiated multi-year Master Lease and Purchase Option with predetermined purchase price
  • Currently managing property with plan to increase rents and perform light renovations
  • Purchase price: Locked in at $2,000,000
  • Renovation: TBD

Windsong Apartments

91 unit multifamily building in excellent submarket of KCMO

  • Sourced off-market
  • Seller owned for 35 years
  • Rents 50% below market, extensive rehab and Cap Ex needed to bring rents to market rates
  • Purchase price & soft costs: $6,200,000
  • Rehab budget: $1,500,000
  • Projected equity multiple: 2x

Belton Townhomes

Townhomes in Belton, MO

  • Acquired 20 identical townhomes
  • Townhouses were sourced off-market through direct marketing
  • Closed at the beginning of COVID-19 during citywide lockdowns
  • Acquired the buildings from 4 unrelated sellers and sold the package to a 1031 Exchange buyer
  • Purchase price & soft costs: $1,741,000
  • Hold period: less than 12 months
  • Sale Price: $2,400,000
  • Equity Multiple: 2.51x (251% ROI)

Willowind Apartments

94 unit multifamily building in Kansas City, MO

  • Awarded the deal through strong broker relationships, even though our offer price was lower than competing offers
  • Property well-maintained by previous long-term owner
  • In process of full renovation of units and rebrand of the community
  • Purchase price & soft costs: $8,000,000
  • Rehab budget: $1,600,000
  • Projected Equity Multiple: 1.9X
Impact in action

Your Team

Our team combines decades of experience in ministry and real estate investment to create legacies of wealth, purpose, and direction.