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PARADIGM

OVERVIEW

Established in 2019 by industry veterans Zach Douglas, Ted Karras and Rick Michaelis, Paradigm was born out of a unique confluence of factors, including the fast experience of its founders, prevailing economic conditions, and emerging real estate trends. The initial business model centered on the acquisition, renovation, and sale of distressed single-family properties during the challenging period between 2019-2023.

Over the years, Paradigm has demonstrated an astute awareness of shifting real estate patterns and has continuously adapted to updated economic data. This adaptability has allowed us to succesfully transition into a vertically integrated real estate company. Our current scope of services encompasses not only ground-up development of multi-family real estate projects, but also property management, construction and investment services.

At Paradigm, we take pride in our ability to foresee and navigate market changes and we are dedicated to delivering top-tier results for our clients & investors. Through our meticulous attention to detail, extensive market knowledge, and innovative strategies, Paradigm continues to stand at the forefront of the real estate industry in the Midwest and beyond.

MEET THE TEAM

PARADIGM MANAGEMENT

RICK MICHAELIS

ZACH DOUGLAS
PRINCIPAL + CO-OWNER

RICK MICHAELIS

RICK MICHAELIS
GENERAL MANAGER + CO-OWNER

Ted Karras

TED KARRAS
BRAND AMBASSADOR + CO-OWNER

Ivan

IVAN RUIZ
VP of Sales & Construction

David Leurck

DAVID LEURCK
VP of Sales & Consultant

CORE VALUES

Dedicated to developing exceptional real estate projects throughout the Midwest.

CORPORATE MISSION

Our mission is to deliver exceptional returns for our investors by focusing on value-driven single, multi-family, & commercial real estate investments and developments.

GUIDED BY A PRUDENT, ENTREPRENEURIAL PHILOSOPHY, WE FOCUS ON:

  • Midwest markets, leveraging our expertise as local multi-family & commercial property specialists;
  • Infill markets showcasing robust long-term demand;
  • Supply-restricted, high-barrier markets where limited supply results from a slow approval process and a scarcity of developable land;
  • Premium new construction spaces that attract a diverse tenant base while minimizing re-tenanting costs and operational expenses;
  • Superior in-house construction quality;
  • Locally-sourced opportunities with privileged access to off-market or lightly-marketed development prospects.

WHY THE MIDWEST?

  • Among the nation’s largest, fastest-growing, and most sought-after real estate markets;
  • Exhibiting consistently low vacancy rates and high rental rates compared to the majority of national markets over time;
  • Generating rental income from a stable and predictable tenant base over time;
  • Comprising a vast, intricate development market that challenges less-focused or less-experienced developers;
  • Our team’s home base, enabling a deep understanding of the local market dynamics.

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Phone

(317) 674-5031

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