We buy under-managed Michigan apartments and run them like the assets they could be.
EJM Investment Properties is a West Bloomfield, Michigan owner-operator of value-add apartment communities. Careful underwriting, hands-on operations, and our own capital in every acquisition.
How we invest
Value-add multifamily rewards operators who underwrite conservatively and execute patiently. Every EJM acquisition is held to the same four commitments.
Underwrite the downside first
Every model starts from rent that is actually collected, not just billed. The deal has to work on what the property does today, stress-tested, before we credit a dollar of upside.
Create value by running it better
Our returns come from operations, not hoping the market rises: rents brought to market, collections tightened, costs controlled, and units upgraded as they turn. See the math
Our own capital in every deal
We invest our own capital as general partners in every acquisition, so our interests are tied to each property’s long-term performance. Debt is sized to the property’s real cash flow so it can survive a bad year.
Local and hands-on
We live and work in Michigan, so we are on site, know each submarket street by street, and hold our property managers closely accountable. The people you talk to at EJM are the people making the decisions.
Our properties
Replay each acquisition since 2024, or select any community on the map for photos and details.
The portfolio today
Click any property to see photos and details
Portfolio figures are as of September 2026 and are provided for informational purposes only. Past performance is not indicative of future results.
How value is created
An apartment building is worth a multiple of the profit it earns each year. Run it better and the profit goes up, and the building’s value rises with it. Move the sliders below to see how small changes add up.
A hypothetical building
Advanced: how buyers price the building
How much more the building is worth
- Higher rents
- More rent collected
- Lower costs
- Extra profit per year
Illustrative arithmetic for a hypothetical property, not a projection or offer for any EJM investment. It ignores capital costs, financing, fees, timing, and risk, all of which materially affect investor returns.
How we own each property
Each EJM property is owned by its own limited liability company, with EJM serving as general partner and responsible for every stage of its life.
- 1
Find
Identify under-managed Michigan apartments and underwrite the rent actually collected.
- 2
Acquire
Form a new LLC for the property, arrange bank financing, and close.
- 3
Improve
Renovate units as they turn and address deferred maintenance.
- 4
Operate
Oversee the property manager, budgets, collections, and reporting.
- 5
Refinance or sell
Decide on a refinance or sale once the property has stabilized.
Each property is held in its own LLC, so its finances, debt, and records stand on their own.
General partner from start to finish, investing its own capital in every acquisition.
Equity from EJM and a limited group of partners, plus a bank mortgage sized to actual cash flow.
Leadership
Matthew Kash
“We underwrite what a property actually collects, and we put our own capital behind that judgment.”
Matthew founded EJM Investment Properties in 2024 to bring institutional underwriting discipline to small and mid-size multifamily across Michigan.
Together with two partners, he leads every stage of the work: sourcing and acquisitions, underwriting and capital structure, lender relationships, and ongoing asset management. The team is deliberately small and hands-on, so everyone we work with deals directly with the people making decisions.
EJM partners with experienced co-general partners and property managers on individual transactions, while retaining responsibility for strategy, oversight, and reporting.
What we buy
If you have a property that fits, we will give you a fast, candid answer. We are equally comfortable with marketed listings and quiet, off-market conversations.
Submit a property- Location
- Michigan, with a focus on mid-Michigan and other secondary markets
- Size
- 30 to 80 units, single buildings or small portfolios
- Profile
- Under-managed properties with below-market rents, weak collections, or expense inefficiency
- Condition
- Deferred maintenance is welcome when the fix is priced in
- Process
- Quick underwriting on the actual rent roll and T-12, with a clear yes or no
FAQ
What does EJM do?
EJM Investment Properties acquires and operates value-add apartment communities in Michigan. We look for well-located properties that are under-managed, then improve them through better operations, targeted renovations, and disciplined cost control.
What does “value-add” mean?
A value-add property is one that performs below its potential, often because of below-market rents, weak rent collection, high operating costs, or deferred maintenance. The work is closing that gap: upgrading units as they turn, tightening management, and running the property the way it should be run. The value-add math section shows the general idea.
What kinds of properties does EJM buy?
Apartment communities of roughly 30 to 80 units in mid-Michigan and other secondary markets, as single buildings or small portfolios. We are comfortable with deferred maintenance when the cost to fix it is priced in. See what we buy for the full criteria.
Why Michigan?
Michigan’s secondary markets offer apartment buildings at a much lower cost per unit than the largest coastal metros, with rental demand anchored by employers such as state government, universities, health systems, and manufacturing. We live and work here, which means we can be on site, know the submarkets street by street, and hold our property managers closely accountable.
Does EJM manage its properties directly?
We work with experienced third-party property management firms for day-to-day operations, while EJM remains responsible for strategy, budgets, capital improvements, and oversight. We are closely involved in each property’s performance and visit our communities regularly.
I’m a broker or owner. How do I submit a property?
Use the contact form and choose “A broker or owner,” or email matthew@ejmprop.com. A current rent roll and trailing twelve-month operating statement (T-12) let us give you a quick, candid answer.
I’m a current investor. Where do I find my account information?
Log in to the investor portal for your documents, distributions, and property updates. For anything else, contact Matthew Kash directly.
Contact us
Whether you would like to learn more about EJM and how we operate, you are a broker or owner with a property that fits our criteria, or you are a current partner with a question, we would be glad to hear from you.
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