Should you broaden your scope or narrow it?
In investing and operating, reasonable people disagree. Some of the best investors argue for diversification, primarily as a defense against what you can’t foresee. But other equally respected people argue that the best outcomes come from staying inside a circle of competence and compounding there.
We have leaned toward the second view. But…
Our niche has been straightforward: buy underutilized residential assets, execute disciplined value-add work, and operate them well. This sounds simple. And we’ve seen it work.
But from time to time, opportunities that sit adjacent to our playbook can make sense. We try to stay rational, but we also pay attention when alignment and economics are unusually clean. Enter EVV Building.
EVV Building
What makes this worth mentioning isn’t just the potential scale (a 35-unit conversion project). It’s the context: the building is owned by the contractor we’re engaging for our next build.
Structured properly as a joint venture, this would allow us to earn from our operating playbook, rather than from capex. That’s the kind of income stream that’s extremely scalable.
The relationship also creates a practical advantage: it makes parallel builds possible.
One project executed in-house, as we’ve done historically
One project executed with an experienced contractor partner, using their cadence and infrastructure
We’ll share more soon.
Baltan 2.0 Update
If a picture says a thousand words, then I’m beyond this section’s quota.
B2 continues to move closer to stabilization: 16 units across two floors, with a path to expanding to a third floor.
Upcoming Projects & Names
Besma Construction
We expect construction of “Besma” to be ready to roll soon. This is the property we bought last year, our first.
Schultz
If it clears our hurdles, this becomes the next candidate in the pipeline. Expected close by the end of the quarter.
Partnering with an Experienced Contractor
We are also working with an AAA contractor who has executed projects for decades and is a long-time friend of the family. If this partnership works the way we expect, it increases our throughput significantly.
Thank you for continuing to follow along. If you want to discuss any of the items above, reply to this letter and I’m happy to have the conversation.
Dan Dima-ala
Founder & President
OMBA Property Group, Inc.
DDG Properties, Inc.
📧 [email protected]
📞 +63 939 913 9996
🌐 www.OMBAPropertyGroup.com
