GET TO KNOW
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 successfully transition into a vertically integrated real estate company. Our current scope of services encompasses ground-up development of multi-family real estate projects, commercial construction—including quick service restaurants—property management, construction, and investment services.
At Paradigm, we take pride in our ability to foresee and navigate market changes and are dedicated to delivering top-tier results for our clients and investors. Through 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
ZACH DOUGLAS
PRINCIPAL + MANAGING PARTNER
RICK MICHAELIS
GENERAL MANAGER + MANAGING PARTNER
TED KARRAS
BRAND AMBASSADOR + MANAGING PARTNER
IVAN RUIZ
VP of Sales & Construction
GREG WOOD
SR. PROJECT MANAGER
EDDIE MARTINEZ
PROJECT MANAGER
ZACH MARSH
PROJECT MANAGER
HANK HEBEL
INTERNAL PROJECT MANAGER
Charles Ellis
Architect
Hunter Lewis
Construction Support Specialist
Zach, with a solid foundation in finance and real estate investment, seamlessly navigates the realms of acquisition, entitlement work, and development, while fostering client relations. With expertise spanning wealth and asset management, along with extensive experience in real estate investment and contracting, Zach brings over a decade of versatile knowledge to his endeavors.
Rick Michaelis, a third-generation builder, boasts over a decade of expertise in restoration and construction management, complemented by a background in zoning, permitting, variance work & city planning. Known for his adept problem-solving skills and exceptional management of both people and project schedules, Rick is a trusted figure in the construction industry.
Ted Karras, celebrated as a two-time Super Bowl champion and starting center for the Cincinnati Bengals, embodies the essence of a Man of the People and Operational Titan. Beyond his football accolades, Ted is a Philanthropist, savvy marketing guru and private equity investor, overseeing a diverse portfolio of over 20 commercial, industrial, and residential properties since 2018.
IVAN RUIZ, with over a decade of construction and management experience, specializes in exterior work & materials including, stick framing, roofing, siding and hardscape development, all while fluently navigating bilingual communication channels. Ivan’s expertise in land preparation and construction management makes him an invaluable asset in the industry.
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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