Private multifamily investment · Sun Belt & Southeast

The spirit of endurance in every investment.

Caird Capital acquires and manages multifamily rental communities across high-growth Sun Belt and Southeast markets — a focused value-add, core-plus, and opportunistic GP strategy built on conservative underwriting, deep operating partnerships, and aligned co-investment.

Get in touch Our strategy
$40B+
Multifamily underwritten
4,000+
Units acquired
$800MM
Assets sourced & closed
25+ yrs
Combined experience
The firm

A vertically integrated multifamily investor built on conviction underwriting and operations that treat every basis point like it matters.

Caird Capital is a private real estate investment firm led by Jack Gerber and Ryan Smyth. We specialize in acquiring and managing multifamily rental communities in high-growth Sun Belt markets, pursuing value-add, core-plus, and opportunistic general partner investments.

A focused, low-volume approach of four to six assets sharpens our underwriting, diligence, and asset selection. We run a vertically integrated platform — acquisitions, construction management, asset management, investor relations, and legal coordination — and co-invest alongside our partners on every deal.

Tampa, Florida
Headquarters
Vertically integrated
Platform
GP · Sponsor
Role
The James Caird launching from Elephant Island, 1916
The James Caird launches from Elephant Island, April 24, 1916.
The name

Caird Capital takes its name from the James Caird — the lifeboat Sir Ernest Shackleton sailed roughly 800 miles across the Southern Ocean in 1916 to bring his stranded crew home from the Imperial Trans-Antarctic Expedition. Widely regarded as the greatest small-boat voyage in history, it remains a testament to endurance, leadership, grit, and an unbreakable will.

"The spirit of endurance in every investment."

Targeted investment thesis

A diversified strategy across the risk spectrum.

We blend value-add upside with core-plus stability, allocating across four complementary strategies in high-growth Sun Belt and Southeast markets. Target returns are illustrative objectives, not guarantees.

16–19%Target IRR

Repositioning / Value-Add

Acquire under-managed assets below replacement cost and create value through targeted capital improvement and sharper operations.

55–65% of portfolio
12–15%Target IRR

Core-Plus

Stabilized assets in strong submarkets with durable occupancy and in-place cash flow — providing portfolio stability and yield.

20–30% of portfolio
12–15%Target IRR

Ground-Up Development

Selective new development in supply-constrained, high-demand submarkets where fundamentals support durable long-term cash flow.

10–15% of portfolio
20–26%Target IRR

Special Situations

Distressed and lender-driven forced sales, plus complex business plans involving major renovation or operational turnaround.

15–25% of portfolio
How we create value

A disciplined path from sourcing to realization.

01

Acquisition

Source within the buy box through deep broker relationships and market analysis.

02

Underwriting

Conservative, in-depth modeling of value-add and core-plus assets, including capital needs.

03

Negotiation

Structure price and terms in the partnership's favor — reps, credits, cure periods, costs.

04

Due Diligence

Full document review, third-party PCA and ESA, unit-by-unit walks, competitive analysis.

05

Closing & Operations

Coordinated takeover with the management company, then execute the business plan from day one.

06

Disposition

A five-year target hold with BOV-driven timing and a competitive marketing process at exit.

Portfolio

Selected acquisitions.

A focused track record of value-add and GP multifamily investments, acquired with conviction and managed for the long term.

Realized

Westwood @60

Brandon, Florida · Tampa MSA
88
Units
27%
IRR
1.8x
Equity multiple
Current GP investment

Alden Hixson

Chattanooga, Tennessee
156
Units
6.14%
In-place cap
2025
Closed
Under contract

Cedarstone Apartments

Morgantown, West Virginia
36
Units
Value-add
Strategy
2026
Vintage acq.
Team

Principals with skin in the game.

Jack Gerber

Jack Gerber

CEO & Co-Founder

Jack sets Caird's strategic direction and leads acquisitions, underwriting, and market strategy across the Southeast and Sun Belt. He has underwritten over $20 billion in multifamily acquisitions, previously as a Senior Acquisition Analyst at Stoneweg US, and began his career at CBRE in valuation, market research, and capital markets. He holds a bachelor's degree from the University of Tennessee and lives in Tampa with his wife and two children.

Ryan Smyth

Ryan Smyth

Chief Investment Officer

Ryan brings over 17 years across multifamily acquisitions, development, brokerage, and asset management. Over the past decade he has closed more than 4,000 units and nearly $800 million in multifamily across the Southeast and Midwest, with prior roles at Stoneweg US, 29th Street Capital, and Venterra Realty. He holds a master's in real estate development from the University of Maryland and a bachelor's in journalism from West Virginia University, and lives in Tampa with his French Bulldog, Bonnie.

Contact

Let's start a conversation.

For acquisition opportunities, partnership inquiries, or to learn more about Caird Capital, reach out to either principal directly.

Jack Gerber

CEO & Co-Founder
jack.gerber@caird-capital.com (901) 596-3931

Ryan Smyth

Chief Investment Officer
ryan.smyth@caird-capital.com (304) 290-9802
OfficeTampa, Florida