The Gelt Playbook: Acquisition

Gelt focuses on buying properties in secondary cities like Salt Lake City, Seattle, Reno, and Portland. They avoid major cities where properties don't cash flow well. They typically look for buildings built between the 1970s and 1990s, as they often require renovation and offer larger units. Gelt has been raising an average of $25 million in equity for their deals, with around 200 investors contributing an average of $100,000 each.