WELCOME TO
UPGRADE PARTNERS CAPITAL

We specialize in bespoke investment solutions tailored for high net worth and accredited investors seeking to safeguard and enhance their portfolios. Our unique approach combines the security of investing in a customized fund with the personalized choice of selecting multifamily asset deals on a deal by deal basis. 
AUM Co-Gp/LP
$ 0 MM+
Units In Portfolio
0 +
Currently Invested In
0 Deals

Browse UPC's Portfolio

Click the logos below to learn more about recent deals we’ve completed.

Knollwood Crossing Portfolio

368 units built in 2000/2001

Rise Oak Creek Apartments

176 units built in 1984

Key City Capital

Fund 3

Revive Apartments (UC)

32 units Built 1951/ Renovated 2023

Flats on Main Apartments
(sold)

Sold for 40% return in less than 1 year

Tremonton Fourplex (SOLD)

4 units, Built 2001. Bought with seller financing: Bought for $250,000 in 2017. Sold for $745,000 in 2024

UPC's Quality Control

UPC does an in depth 15 points inspection for each deal they present to their sponsors.

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Background and Compliance

Conduct a thorough background check, including SEC violations.

Investigate any past capital calls or paused distributions, understanding the circumstances around these events

Experience and Track Record

Confirm the current Assets Under Management (AUM) and verify if they’ve gone full cycle on at least 5 deals.

Examine the sponsor’s track record: number of exited deals, average return on these investments, and if they’ve met or exceeded expectations

Background and Compliance

Assess if they are vertically integrated with in-house property management and construction capabilities.

Evaluate the size of their team, preferring a team of 10+ to support various company aspects.

Investment and Distribution Policies

Determine their cash flow distribution frequency (monthly or quarterly) and the timeline for distribution after investment deployment, with a preference for 3-6 months.

Investment and Distribution Policies

Check if they are local to the deals they acquire and if the sponsors have significant skin in the game.

Portfolio Health

Review their current portfolio size, any past foreclosures, defaults, and their approach to mitigating these risks.

Underwriting and Due Diligence

Determine their cash flow distribution frequency (monthly or quarterly) and the timeline for distribution after investment deployment, with a preference for 3-6 months.

 

Financial Metrics and Projections

Analyze the buy-in cap rate versus the exit cap rate, preferring an exit cap rate
increase of +10 basis points for each year held.

Compare existing and pro forma operating expense ratios to overall market
averages.

Operational Efficiency

Evaluate the Economic Occupancy of the property, preferring deals with
90%-95%+ occupancy rates.

Identify the fees taken by sponsors.

Asset Class and Condition

Determine the asset class being acquired, with a preference for A or B class, and the vintage of the property, preferring properties built in 1980 and newer.

Location and Market

Confirm that comprehensive market research has been conducted and that the property meets or exceeds market expectations.

Check the property’s location in terms of state, city, neighborhood, landlord-friendly policies, and crime grade.

Walkability

How walkable is the property?

Is it close to restaurants, hospitals, major job hubs, Starbucks?

Loan-to-Value and Interest Rates

Verify the current Loan-to-Value (LTV) or Loan-to-Cost (LTC), preferring to stay
below 70%, and whether the interest rate is fixed or variable, with a preference for fixed rates for at least 5 years.

Interest Terms

If variable interest, check the term and whether a rate cap was purchased.
Inquire about any Interest-Only terms on the loan.

Debt Service Coverage and Equity

Analyze the Debt Service Coverage Ratio (DSCR) and investigate if there is any
preferred equity in the deal.

What Separates UPC?

We are a customizable fund!

FeaturesBenefits
Tailored and Flexible Investment SolutionsSpecialized for High Net Worth and Accredited Investors
Specialized for High Net Worth and Accredited InvestorsOffers exclusive access to high-quality investment opportunities with the potential for high returns, not readily available to the general public.
Strategic Partnerships with Top-tier Apartment SponsorsUtilizes expert insights and rigorous due diligence, minimizing risks and maximizing returns through professional vetting of deals and sponsors nationwide.
Enhanced Returns through Scalable Capital and Reinvestment OpportunitiesCapital scalability and the option to reinvest earnings leverage economies of scale and compound growth, boosting overall financial growth and returns.
Significant Tax Advantages and Consistent Cash FlowCombines tax-efficient investment strategies with investments focused on generating quick, consistent cash flow, optimizing net gains and improving liquidity.

Meet Our Team

Get to know the leadership team behind Upgrade Partners Capital.

Joe Rinderknecht​

Joe specializes in underwriting and asset management from his experience over the last 5 years learning from and working side by side with seasoned investors underwriting 100’s of Residential and Commercial properties.

He is the founder of United Investment Properties, which focuses on acquiring value-add multifamily properties along the Wasatch Front. Their strategy is to maximize revenues while providing a safe & valuable living space for their residents.

Along with graduating in 2018 with a BS in Finance and minored in real estate and entrepreneurship Joe is also the owner of a 506(c) Non-Profit called Tiny’s Tribe that strives to help families who have been in life-changing accidents. In his free time Joe enjoys fishing, traveling & ranching with his wife and two children.

Brandon Nye​

Over the past 15 years Brandon has grown into an exceptional sales leader and manager by amassing over $150MM in sales throughout his career. His natural passion to inspire others, drive his ability to successfully build and lead teams in the execution of their goals.

Brandon started his real estate investing in 2010 with single family rental properties and has now transitioned into a multi-family real estate investor.

Brandon and his wife Katherine are influential members of the Cove Church in Morrisville NC and have two children, Sydney and Brody.

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