(HOUSTON, TX) – Rycore Capital announced the formation of a new business unit catering to real estate owners in need of a full turnkey third‐party acquisition advisory and asset management service. The business unit will offer various services including executing a 1031 Exchange, acquisition assistance, asset management of wholly owned real estate and advisory for other real estate situations.
“This new business unit will complement our fund management business and offer investors access to our intuitional quality investment management platform. This service strip outs the GP/LP fund structure for clients that want to build their very own real estate portfolio and retain full control and decision authority. Our team has executed several hundred million of 1031 exchanges in the past, acquiring properties on behalf of passive investors that want direct real estate exposure and who want to wholly own the assets. It is only natural to enter this advisory business”, said Ryan Urech, Founder and CEO.
To drive the business line, Rycore will work directly with wealth management executives, CPAs, estate attorneys, investment sale brokers and property owners to build a referral platform to offer real estate services to their client base. As real estate has evolved into an approved asset class at most wealth management firms, the demand for a third‐party provider to cater to 1031 Exchanges, direct investment and asset management of portfolios owned by passive investors has steadily increased through the current real estate boom.
About Rycore Capital LP
Rycore Capital LP (the “Firm”) is a family office backed real estate investment management firm specializing in the acquisition, leasing and asset management of value‐add office, industrial, retail and healthcare related properties across the US. The Firm focuses on two business segments: Fund Management and Direct Investment Advisory. The team views the middle market sector to be fragmented and dominated by private capital with no national institutionally disciplined presence. The Firm aims to provide a solution with its institutional quality investment management process to high net worth, family office and institutional investors. For more information regarding Rycore, visit the Company’s website at www.rycorecapital.com.