Creating socially responsible housing solutions through innovation and diligence.
We see opportunity. Let’s capitalize.
Established in 2009 and based in Grand Rapids, Michigan, Magnus Capital Partners is a privately-held, asset management and real estate investment firm with a focus on innovative, profitable projects.
With a value-added approach and risk-adjusted returns, our investment strategies are based on current conditions and a long-term outlook—for relevancy today and a profitable future.
We are equally committed to our communities. Through our workforce housing platform, HōM Flats (homflats.com), we are building a best-in-class affordable housing solution that promises housing equity. HōM Flats delivers socially responsible housing solutions by following a simple credo:
Be diligent. Do good. Innovate.
Concentrate on urbanization trend in major markets
Address workforce housing shortage and leverage Opportunity Zone legislation
Develop long-term public and private partnerships
Invest alongside local transit infrastructure
Focus on supply constrained submarkets that support densification
Capitalize on shortage of affordable housing near employment centers
Conduct ourselves with integrity, transparency, and professionalism
Partner with high quality people to foster momentum
Protect our reputation as a trusted partner
Creating socially responsible housing solutions.
Magnus is addressing a human issue that exists nationwide: wage growth is not keeping pace with the rise in housing prices and not enough housing exists to keep up with the demand. Through HōM Flats, we deliver high-quality workforce housing solutions that support the needs of our growing communities and demonstrate our strong commitment to the communities we invest in.
Magnus continues to push the envelope on how we approach housing by rethinking what today’s residents are seeking and by offering diverse options, amenities, and price points.
At HōM Flats, we believe in the idea of socially responsible housing. HōM Flats communities seek to enrich the lives of residents through the amenities, services, and programming offered at each property. Each of our HōM Flats properties strives to create a community that is centered around engagement.
Our HōM Flats apartments offer inspired, modern living spaces built for those who expect excellence and feature high-quality design, innovative style, and best-in-class amenities.
We are pleased to introduce our upcoming childcare service, Grō Childcare Academy, an innovative platform that will uniquely address the growing need for high-quality early education in a convenient setting.
The mission of our childcare service is to provide a safe, nurturing atmosphere for the families and communities we serve, where children receive intentional care from best-in-class childcare professionals with a relentless focus on high-quality education.
Founder & CEO
Vishal is the founder and CEO of Magnus Capital Partners. Originally from Michigan, Vishal is responsible for setting the firm’s culture of integrity and focus whilst working with its stakeholders to successfully execute investment opportunities that adhere to these standards. Vishal has directly overseen more than $1.5B of investments to date. Prior to launching Magnus Capital Partners, Vishal co-founded Megalith Capital Management and grew it into a niche investment platform with more than $200M of value add and development properties throughout the US.
He serves on the advisory board of reonomy.com, StreetSmart.io and the East River Skyway initiative. In addition, he is an active member of the Urban Land Institute and education-based charities in India.
Vishal previously held a variety of leadership roles within the investment banking divisions of Goldman Sachs, Credit Suisse and ABN AMRO Bank N.V. He holds a Bachelor of Science in Finance and a Minor in Economics from the University of Illinois at Urbana Champaign College of Business.
Founder & CEO
Lori Pung, CPA
Director of Development
Lori establishes the development strategy for Magnus. This strategy includes leading the underwriting and due diligence process, exploration of development innovations, identifying financing sources and coordinating municipal entitlements. Lori works closely with the Magnus construction and management teams to identify construction and operational cost savings while ensuring a smooth transition as each project moves from development to stabilized operations.
With 27+ years of experience in the housing industry, Lori has worked to develop or preserve more than 8,000 units of housing valued at more than $950M. She analyzes projects to determine the best financing paths utilizing tax-exempt bond loans, agency debt and soft debt sources such as HOME funds. Additionally, capital stacks have included Low Income Housing Tax Credits, Historic Tax Credits, Brownfield Credits, and energy rebates. Lori has experience in the asset management of multiple housing portfolios and is well versed in challenges properties encounter throughout their life cycles. This experience ensures stronger underwriting upfront to support successful future operations and build value toward future refinancing opportunities.
Lori is a C.P.A. licensed in the state of Michigan and holds a Bachelor of Arts Degree in Accounting from Alma College.
Lori Pung, CPA
Director of Development
Jason brings a well-rounded and comprehensive background in Marketing to Magnus Capital Partners. In his role, Jason leads all marketing efforts for Magnus and our HōM Flats brand. He strives for a creative and analytic approach to his marketing efforts, and a drive to be a valuable resource for his team and company.
Jason has extensive prior experience in the biotechnology, manufacturing, and retail industries. Throughout his career, he has demonstrated experience in areas including Content Creation, Marketing Strategy, Customer Experience, Brand Management, Creative Design, and Market Research.
He holds a Bachelor of Business Administration in Marketing Degree and a Master of Business Administration Degree from Saginaw Valley State University. He has also earned a Professional Certificate in Digital Marketing from the University of Vermont, and several other industry-recognized certifications.
|Crain’s Notable Leaders in Commercial Real Estate||Magnus Capital Partners||2023|
|CoStar Impact Awards Regional “Multifamily Development of the Year”||HōM Flats at Felch Street||2023|
|MiBiz Deals and Dealmakers “Real Estate Development of the Year”||HōM Flats at Maynard||2023|
|Crain’s Newsmaker of the Year Finalist – Real Estate||Magnus Capital Partners||2023|
Learn more about Magnus Capital Partners
Magnus Capital Partners LLC
220 Lyon St. NW, Suite 500
Grand Rapids, MI 49503