JMG Capital Investments Timeline
- 2004 - 2006
- 2006 - 2012
- 2018 - 2019
2000 - Event 12000
JMG was started in Walnut Creek, CA in early 2000 purchasing 11-70 unit apartments in Northern CA. We then expanded to Bakersfield and Fresno, CA building a sizeable portfolio that was managed by JMG.
2004 - 2006 - Event 22004 - 2006
JMG sold all CA assets as the real estate market was reaching a plateau and the desire to move the operations to a more favorable, safer, and investment friendly market. After studying several regions’ business climate, tax, and demographics for the company to relocate to, we landed in the Midwest, specifically Indiana.
2006 - 2012 - Event 32006 - 2012
The first properties we purchased were in Indianapolis due to its diverse demographics and workforce. This heavily populated area and diverse workforce made these selections a good choice. These types of properties also fit into JMG philosophy of investing into C grade value add complexes in B grade neighborhoods. Since that time, JMG has purchased 3,072 units, all within Indiana.
2012 - 2017 - Event 42012 - 2017
JMG now has 15 properties with 2167 units across Indiana. Recognizing the need to grow, we needed to devise a game plan to support “how to grow”. Step 1 was to start developing a plan then start implementing this strategy. By late 2017, a business plan was implemented with 3 key components: 1) Grow the management team. 2) Start moving away from friends and family investors to JV and LP’s. 3) Bring legal services in house to speed up acquisitions, contracts, etc.
2018 - 2019 - Event 52018 - 2019
Now the management team is complete with the addition to Jerry Goodreau (DIR Investor Relations) and Robert Milford (VP Acquisitions). We are already seeing positive results from our business plan and have added several new JV and LP investors. Currently building better 3rd party applications to help manage our investors and allowing investors to access their portfolio to view updated investments. Streamlining the buying, selling, managing, and refinancing our investment portfolio will continue to improve, making a more positive investor experience.