A Partnership You Can Build On

Silstone Partners delivers strong, risk-adjusted returns to our investors by identifying undervalued multifamily opportunities and executing with institutional discipline.

Why invest with us?

Disciplined, Data-Driven Investing

We combine institutional underwriting standards with local market intelligence to identify undervalued multifamily opportunities. Our disciplined approach helps protect downside while targeting compelling risk-adjusted returns.

Alignment Through Partnership

We don’t just source deals — we operate them. Through hands-on asset management and strategic value-add initiatives, we create durable income and long-term value, even in volatile market environments.

Hands-On Execution That Drives Results

As co-investors in every deal, our capital sits alongside yours — ensuring true alignment. We treat every investment as a long-term partnership, not a transaction, and prioritize transparency, accountability, and consistent communication.

  • Rich Silverstein

    Partner
    rich@silstonepartners.com

    Mr. Silverstein has been involved in multifamily housing since 2004 and has acquired approximately $300 million of multifamily assets and $350 million of hospitality assets. He has transacted with Sentinel Real Estate Corporation, The Blackstone Group, Pinnacle Realty Investments, Woodmen of the World Insurance Company, Capmark, Lehman Brothers, Bear Stearns, and a variety of high-net-worth individuals.

    He previously oversaw 1,500 housing units that participated in affordable housing programs, including HUD Project-Based Section 8, Voucher-Based Section 8, Low-Income Housing Tax Credits, bond-financed deals, and municipal tax relief programs.

    His prior roles include Vice President of Hospitality Acquisitions at Waterton Associates and Vice President of Midwest Acquisitions at Crescent Heights of America. He previously served on the CJE Senior Life Real Estate Committee and served on the Board of Friends of Yemin Orde.

    His properties have been recognized by the Ronald McDonald House, Jane Addams Hull House, and the Cook County Sheriff’s Department for positive community contributions.

    Before transitioning to real estate, Mr. Silverstein practiced corporate and securities law for a decade. He holds a J.D. from the University of Pennsylvania and a B.A. from the University of Illinois.

  • Jack Stone

    Partner
    jack@silstonepartners.com

    Mr. Stone brings nearly a decade of multifamily investment experience, advising both private capital and institutional clients on acquisitions and dispositions.

    He serves on the Government Affairs & PAC Committee for the National Multifamily Housing Council (NMHC), the leading multifamily trade association, which helps shape federal housing policy and guides advocacy efforts on behalf of multifamily owners, developers, and investors nationwide.

    Mr. Stone is also co-host of the No Cap Podcast, a media platform focused on exploring the trends, strategies, and market forces shaping the real estate investment landscape. The show features in-depth conversations with industry leaders nationwide, including CEOs and founders of some of the country’s most prominent real estate firms.

    Before entering the multifamily space, Mr. Stone practiced corporate litigation and real estate law at an international firm. He holds both a B.S. and J.D. from the University of Texas at Austin.

Experience

Our team has extensive experience managing and partnering on multifamily properties across multiple states and market cycles.

We have delivered an average net internal rate of return of 26.1% and a 2.4x equity multiple to our investors, with a consistent track record of capital preservation.

Representative transactions:

Lake Forest Apartments

199 units
Grand Rapids, MI

Regents Park

1,025 units
Chicago, IL

Cambridge at River Oaks

230 units
Kansas City, KS

Las Lomas Apartments

233 units
El Paso, TX

Crowne Plaza Chicago O’Hare

2,346 units
503 rooms

Why Invest in Multifamily?

  • Housing is a basic need. Multifamily benefits from consistent renter demand across economic cycles, supported by demographic trends, affordability constraints, and urbanization.

  • Stabilized multifamily assets can provide steady, predictable income through rental collections—making them a favored asset class for investors seeking passive cash flow.

  • Multifamily leases are typically short-term, allowing rents to reset more frequently. This makes it easier to capture inflationary rent growth and protect purchasing power over time.

  • Real estate offers significant tax advantages, including depreciation, 1031 exchanges, and potential access to long-term capital gains treatment—enhancing after-tax returns.

  • Multifamily offers low correlation to traditional equities and fixed income, providing a powerful diversifier in a broader investment portfolio—especially in uncertain markets.

  • With the rise in rates and shortage in home inventory, an average mortgage payment costs 38 percent more per month compared to average rent.

We specialize in sourcing and evaluating high-quality multifamily investment opportunities with strong value-add potential. Our strategy is focused on identifying assets that offer attractive risk-adjusted returns, allowing us to protect investor capital while driving long-term growth.

Our Process

Creating Value

We address deferred maintenance items such as roofing, electrical, and plumbing systems to stabilize the asset.

We implement high-impact energy efficiency upgrades to improve performance and reduce costs.

We execute targeted enhancements such as unit renovations and amenity upgrades to elevate the resident experience and strengthen our competitive positioning.

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