About Us
Everyone deserves a home that is safe, regardless of income.
We believe that access to affordable housing is key to the long-term success of a community. Yet today there is a gap of seven million homes available to lower-income members of the workforce.
Optimizing performance in an undervalued asset class
Our roots are firmly in the tech world. By leveraging those resources, we've unlocked operational and data-driven efficiencies that enable an asset class that historically has been overlooked.
1.
Market rent, regardless of source
Many believe that lower-income means lower rent. This isn't the case - HCVP participants pay the Fair Market Rents.
2.
Long tenancy lowers operating costs
All tenants are screened the same, regardless of payment source. This drives long-term tenancy, with stabilized cashflow and minimal CapEx.
3.
Acquisitions at 30% of replacement cost
Our average cost of acquiring an individual property is a fraction of what  equivalent new construction would be.
4.
Operations managed via local partners
All operational activities are managed by local, in-market partners. This allows us to operate at scale with minimal overhead.
Seeking Alpha While Doing Good
As a firm we believe that generating quality, yield-driven returns and improving the human condition are not in opposition.
Management Team
Mr. Bagdasarian is a seasoned technology operator, and the Founder and CEO of Simply Homes, Inc - a venture-backed real estate PropTech company that has developed its machine-learning driven automated sourcing and underwriting platform for the distressed housing sector. He previously held roles at several top tech firms.
Mr. Kavanagh, in addition to his role at Simply Capital Management, is also the Managing Partner at Edifis Capital, an ESG-focused asset manager that manages a large European social housing portfolio. Previously he was a Director in the power, energy and infrastructure team at Cantor Fitzgerald and prior to that in Jefferies.
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Mr. Pettengill brings several years of PropTech and real estate investing experience to the Simply Capital Management Team. In addition to his role, he is also the Senior Director of Engineering and Underwriting Operations at Simply Homes, where he has overseen the development and deployment of the Simply automated underwriting platform, and has personally underwritten over $50MM in equity into affordable housing investments. Prior to joining Simply, he was with Vail Resorts, and started his career at Fidelity Investments.
