The Midwest Multifamily Renaissance! W/ Ray Heimann

Ritter on Real Estate

Jul 11 2023 • 33 mins

On today's episode of Ritter On Real Estate, we chat with Ray Heimann. Ray is a real estate investor and co-founder of Terra Capital, an investment firm that focuses on turning small, outdated residential real estate assets into scaled, turnkey portfolios of modern-finish units across the US. He has over a decade of experience working for various investment firms, including JP Morgan, Booz & Company, and Sverica Capital, where he covered US REITs, advised on He is known for his focus on cutting out the noise around what's hot and honing in on strategies that repeatedly drive strong, risk-adjusted returns. Welcome to the show Ray!

Key Points From The Episode:
-Ray's background & upbringing working at a few other firms before co-founding Terra Capital.
-What brought Ray back to the Midwest.
-Ray's investment strategy. What he looks for in a deal.
-Getting around the issue of scaling a firm.
-Why Terra Capital manages all of their assets.

Books Mentioned: Washington: A Life by Ron Chernow

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