About

We own the buildings, and we own the companies that run them.

Bloom Wealth Partners is a vertically integrated real estate investment and property management firm based in Cleveland. Acquisition, management and construction sit under one roof, which is unusual at our size and is the reason we can move on a property other buyers walk away from.

The firm

Why vertical integration is the whole argument.

Most sponsors buy a building and then hire somebody else to run it. The property manager works for a fee, the contractor works for a fee, and neither of them loses anything if the project underperforms. The gap between what the spreadsheet said and what actually happens is usually somewhere in that arrangement.

We own the property management company and the construction company. When a unit turns, our crew turns it. When a renovation is behind, there is no vendor to blame and no invoice to argue about. The cost is that we carry payroll and overhead a passive sponsor does not. The benefit is that we control the two variables that decide whether a project works.

We also buy where we can drive. Every asset is in Ohio. If something needs a set of eyes on it this afternoon, somebody is there this afternoon.

Units in the portfolio today
Properties acquired
Full cycle deals

Aggregate operating history as of the date shown. Not a projection, and not the return of any individual transaction.

The partners

Who we are.

Sumit Kovoor

Managing Partner

Sumit spent his career on the institutional side of real estate, at firms managing between two million and two billion dollars in assets, and served on the investment committee of a real estate private equity fund deciding which projects were funded and which were declined.

His focus at Bloom Wealth Partners is capital structure and operations: how a project is financed, how it is stress tested before anyone commits, and how partners are kept informed once it is underway. He writes most of what this firm publishes.

Scott Nalbach

Managing Partner

Scott has been President and Chief Executive of Real Acquisitions since 2015, and founded Platinum Sand Properties, the property management company, the same year. In 2017 he added Platinum Sand Construction, a residential remodeling contractor.

He runs the operating side: acquisitions, renovation, leasing and day to day management of every asset in the portfolio. The crews on our properties are his.

How we operate

Five things we hold to.

Belief & Integrity

We do what we said we would do, including when it costs us something.

Leverage Excellence

Hire people better than us at the thing, then get out of their way.

Ownership Mentality

Every property is treated as if it is the only one we have.

Open Collaboration

Partners hear the bad news early, in plain language, not at the quarter end.

Mindful Stewardship

Somebody lives in these buildings. That comes before the return.

The rest is a conversation.

If any of this sounds like the way you would want your money handled, tell us about your situation.

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