Corporate Profile

About Ram

Ram is an affiliated group of companies and partnerships that acquire, develop, manage and finance retail and multifamily properties in the Southeast. The group also selectively acquires debt secured by retail and residential properties. Ram manages three private equity real estate funds. Since 1996 the company has deployed in excess of $1.7 billion in real estate transactions.

Our Communities

Place making requires connecting in a sensitive way to the communities where we build. Occasionally we have the opportunity to reshape entire neighborhoods. More frequently we deal with infill sites, where we create an environment that is distinctive, but at the same time fits with the neighborhood. We take our commitment to community seriously and encourage our employees to do the same.

Our Mission

We are committed to making places that are socially responsible, economically vibrant and environmentally sustainable.

Our Team

Peter Cummings, Chairman

Peter Cummings is responsible for advising on asset strategy, as well as investor and community relations for the Company.  Mr. Cummings was educated at Yale University (B.A. 1968) and the University of Toronto, where he received an M.A. in English Literature in 1969.  In 1988, he completed the Owner/President Management Program at the Harvard Business School.  Mr. Cummings worked as a journalist in Fairfield County, Connecticut and Montreal, Canada prior to moving to South Florida in early 1975.  Since that time, he has been active in real estate development and management in Florida, Michigan, Texas and North Carolina. For full bio click here. ”[+

Expand” swaptitle=”[-] Contract” trigpos=”below”] In 1978, he founded Southern Realty Group, Inc. (predecessor entity to Ram) for the purpose of developing Martin Downs, a master planned community in south Florida that is now home to over 10,000 residents. Since 1992, he has managed the real estate portfolio of the Max M. Fisher Family and currently serves on The Fisher Group’s Investment Committee.  Mr. Cummings has been involved in a broad spectrum of community affairs.  He served as Vice President and board member of the Jewish Federation of Palm Beach County (1980-1984); was a member of the Economic Council of Palm Beach County (1983-1988); is a founding member and past chairman of the Economic Council of Martin County; and is a founding member of the Martin County Council for the Arts.  He currently serves as a board member and Chairman Emeritus of the Detroit Symphony Orchestra; board member of the New York Philharmonic, the League of American Orchestras, USA Artists and served on the board of Comerica Bank from 1997 through 2008.

Casey Cummings, Chief Executive Officer

Casey Cummings is responsible for new investments, joint venture relationships and the overall strategic plan for the Company.  He joined Ram in 1991 and served in a variety of capacities over the course of his first ten years with the Company, including acquisitions, leasing, development and property management.  He was appointed President in 2001 and assumed the additional role of Chief Executive Officer in 2010.  Mr. Cummings holds a B.S. degree in Business Administration from Boston University’s School of Management.  He is a board member of the New World Symphony in Miami Beach and the University of Florida’s Bergstrom Center for Real Estate Studies. For full bio click here. ”[+

Expand” swaptitle=”[-] Contract” trigpos=”below”]Mr. Cummings is a member of the Urban Land Institute (ULI) and the International Council of Shopping Centers (ICSC), where he is a frequent guest speaker.  He is past Chairman of the Board of Directors of the Economic Council and The Pine School, and has previously served on the Library Foundation, United Way Volunteer Center, and Public Art Advisory Boards in Martin County, Florida.

Jim Stine, Chief Investment Officer

Jim Stine has management responsibility for the origination of new real estate investments on behalf of the Company.  Prior to joining Ram in 2010, Mr. Stine spent 25 years with Stiles Corporation, where he served as Chief Investment Officer, coordinating the focus and objective of the firm’s real estate development, leasing, asset management and property management departments.  Formerly President of Stiles Capital Group, he was responsible for asset management activities, including arranging and executing all project financing, as well as the acquisition and disposition of assets from the company portfolio.  For full bio click here. ”[+

Expand” swaptitle=”[-] Contract” trigpos=”below”]Originally Vice President of Project Finance at Stiles, Mr. Stine successfully negotiated and closed in excess of $1 billion in real estate transactions.  Mr. Stine is an active member in the Urban Land Institute (ULI), the National Association of Industrial and Office Properties (NAIOP) and the International Council of Shopping Centers (ICSC).  Additionally, he currently serves on the Advisory Board of the University of Florida’s Bergstrom Center for Real Estate Studies (UFCRES), as well as the University of Florida Broward County Regional Development Committee.  He is a past member of the Board of Directors of Children’s Place at Homesafe as well as Leadership Palm Beach.  Mr. Stine is licensed in mortgage brokerage and real estate sales in the State of Florida.

Karen Geller, Executive Vice President and General Counsel

Karen Geller is responsible for legal representation, risk management, due diligence and oversight of SEC compliance for the Company.  Ms. Geller graduated from Florida International University in 1990 with a B.A. degree in Accounting.  Prior to attending law school, Ms. Geller worked in the legal field in various capacities, including a role in the City of Miami Beach’s Legal Department.  In 1998, Ms. Geller graduated from the University of Miami with her J.D. degree.  After attending law school, Ms. Geller joined Gunster, Yoakley & Stewart, P.A., specializing in all aspects of commercial real estate acquisitions and financing. For full bio click here. ”[+

Expand” swaptitle=”[-] Contract” trigpos=”below”]Ms. Geller joined Ram in 2005 as Vice President and General Counsel.  During her time at Gunster, Ms. Geller handled several real estate transactions on behalf of Ram.  Ms. Geller is a past member of Soroptimist International of Stuart, a business women’s organization that concentrates its volunteer efforts on promoting the economic and social development, education and human rights of women, locally and internationally.

Our History

In 1921, Maxwell Cummings leased 440 Saint Catherine Street in Montreal. He signed a $400 per month lease with the intention of opening a shoe store in half the space and subleasing the balance. Maxwell found a restaurateur to take half of the building for $400 per month. He never opened the shoe store and, instead, leased out the balance of the space at a handsome profit. That was the start of Maxwell’s real estate career. Over the next several decades, he and his sons Robert and Jack, participated in the development of residential and commercial projects in Canada and the United States. Three generations later, the company developed Martin Downs, transforming 2,600 acres of dairy-farm land in South Florida into a vibrant community, now home to more than 10,000 people. Four generations later, Ram and its principals have created several million sq. ft. of commercial and multi-family residential property, ranging from urban mixed-use development in Detroit to retail development in Houston to luxury apartments in South Florida. Almost a century later, Maxwell’s commitment to quality and community still shapes the Company.

Ram Realty Partners

Ram Realty Partners III LP (RRPIII)

Ram Realty Partners III LP (RRP III) continues Ram’s value-added strategy of acquiring retail and residential properties that required repositioning and better management in large markets in the southeastern United States. RRP III held its final closing in June 2013 with total equity capital commitments of approximately $150 million. A diverse group of new and existing institutional investors and family offices committed to Fund III, including Ram’s management team. RRP III is currently being actively invested, with 10 assets as of April 2014.

Ram Realty Partners II LP (RRPII)

Ram Realty Partners II LP (RRPII) is a closed-end private equity real estate fund which targeted the acquisition and development of commercial, multifamily, and mixed-use real estate in the southeastern United States. In addition, RRPII pursued the acquisition of surplus corporate real estate and non-performing commercial real estate loans. RRPII held its final closing in August of 2008 with total equity capital commitments of approximately $200 million. The Fund was fully invested by the end of 2011. Its investors included Ram’s management team, high net worth family offices, insurance companies, foundations, and pension funds.

Community Reinvestment Partners LP (CRP)

Community Reinvestment Partners LP (CRP) is a closed-end private equity real estate fund launched by Ram in 2004. The purpose of the fund was to acquire and improve shopping centers in moderate and low-income census tracts within the State of Florida. In addition to Ram principals, the investors in this fund were commercial banks (which received Community Reinvestment Act credits for their investments) as well as other institutions with a social agenda. The fund concluded its investment period in the third quarter of 2007 having acquired over $200 million of qualified property. Notice: Users should not construe the contents of this website as advertisement. Past performance is not indicative of future results.

Ram Realty Services

Ram Realty Services (RRS) is a full-service property and asset management Company with a southeastern US focus. The Company provides leasing and management services for the Ram portfolio of residential, retail and mixed-use properties. The company currently employs more than 100 people in all aspects of real estate management and development. Ram is headquartered in Palm Beach Gardens, Florida and has regional offices in Fort Lauderdale and Tampa, as well as Chapel Hill and Charlotte, North Carolina.

Ram Development Company

Ram Development Company (RDC) is a developer of retail, multifamily and mixed-use projects on behalf of investment partnerships, all of which include RDC principals. The Company acquires well-located shopping centers and multifamily assets with redevelopment potential, which it enhances and manages in conjunction with its affiliate, Ram Realty Services. The Company also develops new multifamily communities, both mid-rise and garden style; new multi-tenant shopping centers; and mixed-use urban infill projects.

Strategic Acquisition Criteria

The Company

Ram is pursuing the acquisition, development, and redevelopment of commercial, multifamily and mixed-use real estate throughout the Southeast. Target markets include South Florida, Tampa Bay, Orlando, Raleigh/Durham, Charlotte, Nashville and Atlanta. Secondary markets, preferably coastal locations or college towns, will also be considered. The strategy includes ground-up development, adaptive re-use, and the acquisition and redevelopment of existing assets. Ram has been continuously acquiring and developing real estate since 1978. During the past 15 years, the company has deployed over $1.5 billion of capital into its real estate ventures.

Retail

      • Investment Strategy: Value-add and opportunistic; renovation and major redevelopments preferred
      • Product Type: Neighborhood, Community, Power Centers and Mixed-Use
      • Target Deal Size: $10,000,000 to $50,000,000 (minimum of 75,000 square feet)
      • Portfolio Acquisitions: Ram also acquires multiple-property portfolios

Multi-Family

      • Investment Strategy: Value-add and opportunistic; renovation and major redevelopments preferred
      • Product Type: Garden style or mid-rise communities
      • Target Deal Size: $10,000,000 to over $50,000,000 (minimum of 100 units)
      • Portfolio Acquisitions: Ram also acquires multiple-property portfolios

Special Situations

      • Retail and multifamily loans, both non-performing and sub-performing. These loans will be considered only if they are whole loans and first mortgages.
      • Deal Size: $5 million to $50 million in a single asset, up to $250 million for a portfolio acquisition.

Contact

        Please direct all acquisitions and development inquiries to acquisitions@ramrealestate.com.