Salterstone Capital PartnersSingle-family · BRRRR · Multifamily

Three strategies.
One disciplined
approach.

Salterstone Capital Partners pursues residential real estate through Section 8 single-family rentals, the BRRRR strategy, and multifamily communities. Different paths to acquiring and operating homes. A shared focus on careful underwriting and long-term stewardship.

Rental homesHousing needs. Local operations.
Rehabilitation & refinanceImprove assets. Reinvest capital.
Apartment communitiesSmall properties to 300+ units.
01 · Our strategies

Residential real estate,
from homes to communities.

We evaluate each strategy on its own economics, financing requirements, operating demands, and risks. We pursue opportunities that fit our underwriting standards rather than limiting the company to one property type.

01

Section 8
single-family rentals

Acquire rental homes intended for tenants participating in the Housing Choice Voucher program, with attention to local housing demand, inspection requirements, and sustainable property operations.

Explore single-family rentals
02

The BRRRR
strategy

Buy, rehab, rent, refinance, and repeat. Pursue properties where rehabilitation and rental stabilization may support a refinance and the redeployment of available capital.

Explore BRRRR
03

Multifamily
communities

Evaluate Class C, Class B, and Class A apartment properties, including communities of 300 or more units, where acquisition pricing, financing, and operations support the business plan.

Explore multifamily
Strategy 01 · Section 8

Individual homes.
Long-term housing needs.

Our single-family strategy focuses on acquiring homes for Section 8 tenants, with an initial geographic focus spanning approximately four states.

We retain flexibility to pursue opportunities in additional states when local conditions, property economics, and operating resources support expansion.

What we evaluate

  • Purchase price, property condition, and the cost of required repairs.
  • Local housing authority requirements, inspections, and rent approval.
  • Tenant demand, leasing timelines, and ongoing property management.
  • Financing costs, maintenance, vacancies, and operating reserves.

Voucher assistance can pay part of an eligible tenant’s rent. It does not eliminate operating risk or guarantee full rent collection, occupancy, or property-level returns.

Strategy 02 · BRRRR

Improve the property.
Build the next opportunity.

We implement the BRRRR strategy in selected states, acquiring properties where rehabilitation and rental operations can support long-term ownership.

A plan from purchase to refinance

Each project begins with acquisition and renovation underwriting. After rehabilitation and rental stabilization, we evaluate refinancing based on the property’s appraised value, cash flow, and available lending terms.

Any capital recovered may be redeployed into additional properties. Refinancing may return some, all, or none of the original capital; appraisal results, interest rates, and lender requirements determine the outcome.

01 · BuyUnderwrite the acquisition.
02 · RehabExecute the renovation plan.
03 · RentStabilize rental operations.
04 · RefinanceEvaluate permanent financing.
05 · RepeatRedeploy available capital.
Strategy 03 · Multifamily

From smaller properties
to 300+ unit communities.

Multifamily remains a core strategy. We evaluate Class C, Class B, and Class A communities, with flexibility to pursue smaller apartment properties and communities of 300 or more units.

Class CClass BClass A
Representative garden-style apartment community

Representative image; not a Salterstone-owned property.

Underwritten property by property

Our analysis considers in-place rental income, renovation needs, operating expenses, debt service, local supply and demand, and the assumptions required to execute the business plan.

Community size and property class guide the operating plan. They do not replace disciplined evaluation of purchase price, financing, and downside scenarios.

Real estate results depend on market conditions, expenses, financing, and execution. Property-level performance is distinct from the payments or returns of any company-issued investment instrument.

02 · Our approach

One standard.
Applied to every acquisition.

01 · Source

Select the opportunity.

Evaluate properties in markets where housing demand, acquisition pricing, and local operating support fit the strategy.

02 · Underwrite

Test the assumptions.

Assess rents, expenses, repairs, reserves, financing, and downside scenarios before committing capital.

03 · Execute

Follow the business plan.

Coordinate acquisition, rehabilitation where needed, leasing, and financing around the property’s specific requirements.

04 · Operate

Manage for the long term.

Monitor property performance, maintenance, liquidity, and opportunities to refinance or adjust the operating plan.

04 · The Founder

An owner's discipline,
an operator's experience.

Tim Shealy
Founder · General Partner
Tim Shealy
United States · Nationwide
Single-Family & Multifamily Strategies
Value-Add Repositioning
Long-Term Capital Stewardship

Tim Shealy is an entrepreneur and real estate investor with hands-on experience owning and operating rental properties across multiple market cycles. He built his career around a simple conviction: dependable returns come from disciplined process, not market timing. That operator's rigor — a systems-driven mindset built on reliability, downside protection, and margin for error — shapes every decision Salterstone makes today.

Across his career, Tim has earned his reputation on reliability, thoughtful execution, and solving real-world operational problems — from acquisition and renovation through stabilized operations. He is directly involved in every stage of the Salterstone process: sourcing, underwriting, capital structure, and asset management. Nothing closes without his signature on the model.

As Founder of Salterstone Capital Partners, Tim combines operator-level analysis with long-term capital stewardship. Drawing on experience as both a landlord and an investor, he focuses on single-family rental, BRRRR, and multifamily opportunities supported by durable economic demand, disciplined underwriting, and transparent investor communication.

“The best investments aren't the loudest ones. They're the buildings that quietly do their job, quarter after quarter, for the people who trusted you with their capital.” — Tim Shealy
05 · Multifamily Partner

An institutional bench,
one disciplined standard.

Salterstone is partnered with Justin Brennan for underwriting, lending relationships, legal counsel, and property-management infrastructure. This relationship supports Salterstone’s multifamily strategy.

Justin Brennan
Co-General Partner
Justin Brennan
Multifamily & Syndication
Acquisitions · Operations · Finance
Institutional Underwriting Bench

Justin is a seasoned multifamily investor, blending years of experience across real estate, construction, land planning, and syndication. He helps lead day-to-day operations and strategic direction across the platform that underwrites and operates Salterstone’s multifamily deals.

Justin brings operational, legal, and capital-markets fluency to every transaction. He leads opportunity sourcing, operations setup, market and data evaluation, and finance — the same disciplines now applied to Salterstone’s multifamily strategy. Debt placement, offering-document preparation, and property-management infrastructure all run through the institutional bench he helps direct.

Over the course of his career, he has focused on disciplined growth, conservative leverage, and an operator's eye for the unglamorous details that compound over decades.

“The value of hard work, cash flow, and a slow, disciplined approach to wealth-building is what ensures steady success in good times and bad.” — Justin Brennan
06 · Advisory Resources

Specialized experience.
Practical support.

Professional resources supporting real estate transactions, entity structuring, tax matters, and investor communications.

CPA · Tax Counsel
Khalsa McBrearty Accountancy, LLP

Audit-grade CPA support for syndicated real estate: tax preparation and review, cost-segregation coordination, K-1 preparation where applicable, and financial modeling.

Eric Weingold, securities counsel
Securities Attorney
Eric Weingold

Experienced corporate securities counsel responsible for drafting the Private Placement Memoranda, subscription agreements, and Regulation D filings for securities offerings.

Clint Coons, entity and asset-protection counsel
Entity & Asset-Protection Counsel
Clint Coons

Entity-structuring specialists who design and maintain the holding structures used in real estate ownership — drawing on direct real-estate investing experience, not just theory.

Investor Relations Platform
Syndication Pro

An investor-relations platform for documents, reporting, and account information where applicable to a particular investment structure.

07 · Common questions

A clearer view
of our approach.

Is Salterstone focused only on multifamily?

No. Our strategy includes Section 8 single-family rental homes, BRRRR projects, and multifamily communities. Each strategy is evaluated according to its own acquisition, financing, and operating requirements.

Where do you acquire single-family homes?

Our initial Section 8 focus spans approximately four states, with flexibility to pursue suitable opportunities in other states. We select markets based on property economics, local housing demand, and the availability of operating resources.

Does BRRRR always return the original capital?

No. The amount available through refinancing depends on the completed property’s valuation, rental performance, interest rates, and lender requirements. Some capital may remain invested, and a refinance may be delayed or unavailable.

What types of multifamily properties do you consider?

We consider Class C, Class B, and Class A properties, ranging from smaller apartment buildings to communities with 300 or more units. Each acquisition must fit its proposed business plan and financing structure.

Are property returns the same as investor payments?

No. A property’s rental cash flow or sale proceeds do not establish the payment terms of a separate investment instrument. Any investment’s eligibility, terms, payment provisions, and risks are governed by its applicable offering documents.

What risks do these strategies involve?

Risks include vacancies, repairs, operating costs, tenant and housing authority requirements, construction delays, financing availability, interest rates, appraisal outcomes, and changes in property values. Real estate investments can result in a loss of capital.

08 · Contact

Start a conversation
with Salterstone.

Contact Tim Shealy about the company, its real estate strategies, or a property acquisition opportunity.

Tim Shealy

Founder, Salterstone Capital Partners

tim@salterstonecapital.com(954) 401-8505

3295 Maple Lane
Davie, FL 33328