Now Offering Elias CRE Fund

Elias CRE Fund is dedicated to sourcing, acquiring, and managing a diversified portfolio of stabilized and value-add assets across the U.S., with a focus on the Southeast and Midwest. We leverage deep industry expertise, relationship driven deal flow, and a vertically integrated management approach to unlock value, mitigate risk, and provide transparent, institutional-quality execution for our investors.

Investment decisions are guided by detailed market analysis, downside risk mitigation, and alignment of interests between the General Partner and investors.

Our Approach

The Elias CRE Fund focuses on acquiring and managing real estate assets within established property sectors supported by durable demand fundamentals and long-term demographic trends. The Fund targets Advance mwhere disciplined underwriting, operational improvement, and active management can drive value creation across market cycles.

Below is our chosen asset Classes

Industrial & Advanced manufacturing

The Elias CRE Fund’s industrial strategy focuses on real estate supporting advanced manufacturing, defense-adjacent production, and mission-critical supply chains that are increasingly central to domestic economic and national security priorities. The Fund targets industrial assets positioned to support modern manufacturing processes, automation, and high-spec production requirements, where long-term demand is driven by reshoring, technological advancement, and strategic resilience.

A key differentiator of the Fund’s approach is its ability to identify and evaluate opportunities within the defense and security-oriented manufacturing ecosystem without reliance on traditional military contracting exposure. This includes facilities aligned with advanced manufacturing, aerospace support, precision fabrication, and next-generation industrial capabilities that serve defense supply chains indirectly through commercial and dual-use applications.

The Fund’s strategic insight in this sector is strengthened by the leadership background of its Chief Executive Officer, Austin Moore. With over 25 years of service in U.S. Air Force Special Operations and senior leadership roles within U.S. Special Operations Command, Austin brings firsthand experience operating in high-stakes, mission-critical environments where reliability, execution, and resilience are paramount. His experience advising foreign military partners, overseeing complex operations, and leading under conditions of extreme operational scrutiny informs the Fund’s disciplined approach to asset selection, risk assessment, and operational feasibility within defense-adjacent industrial markets.

Across industrial investments, the Fund prioritizes:

  • Facilities capable of supporting advanced manufacturing and automation

  • Locations proximate to skilled labor pools and strategic infrastructure

  • Assets aligned with domestic supply chain resiliency and scalability

  • Operational flexibility to adapt to evolving production and technology requirements

By combining institutional real estate underwriting with deep operational insight into mission-critical systems and resilience-driven environments, the Elias CRE Fund seeks to create a differentiated industrial portfolio positioned for long-term relevance and value creation.

Multifamily & Workforce Housing

The Elias CRE Fund’s multifamily strategy is designed to align with long-term demographic and employment trends driven by the expansion of advanced manufacturing, industrial production, and defense-adjacent supply chains. As manufacturing capacity reshoring accelerates and industrial hubs expand, the Fund sees sustained demand for workforce and attainable housing proximate to employment centers, logistics corridors, and strategic infrastructure.

The Fund targets multifamily assets that serve essential workforce populations, including skilled manufacturing labor, technical operators, and support personnel critical to industrial and supply chain operations. These investments are evaluated based on market-level job growth, affordability gaps, and the ability to improve housing quality while maintaining accessibility for working households.

The multifamily strategy is led by Phil, a General Partner of the Fund who oversees all multifamily investment activity. Phil brings extensive experience in the acquisition, operation, and management of multifamily assets, with a focus on disciplined underwriting, operational execution, and long-term asset stewardship. Under his leadership, the Fund applies a hands-on approach to property management, expense control, and capital improvement planning to enhance asset performance while preserving affordability.

Across multifamily investments, the Fund emphasizes:

  • Workforce and attainable housing in markets experiencing industrial and manufacturing job growth

  • Assets with operational inefficiencies or capital improvement opportunities

  • Locations with strong employment fundamentals and constrained housing supply

  • Strategies that balance resident affordability with durable long-term value creation

By integrating multifamily investment decisions with broader industrial and manufacturing trends, the Elias CRE Fund seeks to address critical housing needs while creating resilient, community-oriented assets positioned for long-term relevance and stability.

Self-Storage

The Elias CRE Fund’s self-storage strategy is designed to complement and reinforce the Fund’s industrial and multifamily investments by targeting assets supported by population mobility, workforce formation, and manufacturing-driven economic expansion. As advanced manufacturing and industrial activity scale across targeted markets, the resulting labor mobility, household formation, and business activity create sustained demand for flexible storage solutions.

Self-storage assets benefit from their role as critical supporting infrastructure for both workforce housing ecosystems and small- to mid-sized industrial users, including contractors, manufacturers, and service providers operating within defense-adjacent and advanced production environments. The Fund targets self-storage opportunities in markets experiencing employment growth, residential development, and constrained supply, where operational improvement and institutional execution can enhance performance.

The self-storage strategy is led by Craig Karasin, who brings decades of executive leadership and operating experience across consumer, retail, and storage platforms. Craig is a founding member of a national self-storage cooperative and a partner in multiple storage businesses, with a track record of scaling operations, optimizing revenue management, and building institutional-quality platforms. His experience in brand development, consumer engagement, and operational discipline informs the Fund’s approach to asset selection, pricing strategy, and portfolio oversight within the self-storage sector.

Across self-storage investments, the Fund emphasizes:

  • Assets serving growing workforce and manufacturing-driven markets

  • Facilities positioned near multifamily housing and industrial corridors

  • Opportunities for operational enhancement and revenue optimization

  • Scalable platforms capable of supporting long-term portfolio growth

By integrating self-storage into a broader real estate ecosystem that includes industrial production and workforce housing, the Elias CRE Fund seeks to create diversified, resilient assets that support both economic growth and long-term value creation.

200+ Years Combined Experience

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$60B+ Assets Overseen

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$10B+ Transactions

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Multi-Cycle Institutional Leadership

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200+ Years Combined Experience ✳︎ $60B+ Assets Overseen ✳︎ $10B+ Transactions ✳︎ Multi-Cycle Institutional Leadership ✳︎

Experience and metrics reflect the prior professional activities of members of the General Partnership and do not represent the performance of the Elias CRE Fund.

Meet the General Partners

  • Austin Moore

    General Partner

    Austin Moore brings more than 25 years of leadership experience across special operations aviation, executive management, and financial organization building. His background includes leading complex, mission-critical operations in high-stakes environments and founding multiple financial and mission-driven organizations. Austin’s experience centers on disciplined decision-making, organizational scaling, and execution under uncertainty, with a track record of building high-performing teams and resilient platforms.

  • Michael Jones

    General Partner

    Michael Jones brings more than three decades of experience across investment banking, financial leadership, and institutional operations. His background includes senior executive roles supporting complex transactions, balance-sheet management, and strategic growth initiatives across real estate and financial services platforms. Michael has been directly involved in structuring, executing, and overseeing large-scale transactions, with a track record rooted in disciplined financial governance and institutional execution.

  • Bill Henak

    General Partner

    Bill Henak brings more than four decades of experience across commercial banking, equipment finance, and institutional lending platforms. His track record includes founding and scaling financial organizations, leading national lending businesses, and overseeing large, diversified credit portfolios through multiple economic cycles. Bill’s background reflects deep expertise in credit discipline, capital structuring, and operational leadership, with a consistent focus on long-term value creation and risk management.

  • Trish Kelly

    General Partner

    Trish Kelly brings more than four decades of experience across commercial banking, real estate finance, and institutional risk management. Her track record includes senior leadership roles overseeing large, diversified lending platforms, credit committees, and complex balance-sheet operations through multiple market cycles. Trish’s background reflects deep expertise in underwriting discipline, enterprise risk oversight, and capital stewardship, contributing seasoned institutional perspective to long-term investment decision-making.

  • Dave Kuplic

    General Partner

    Dave Kuplic brings more than three decades of experience across institutional asset management, investment oversight, and risk governance. His track record includes senior executive leadership roles overseeing large, diversified investment platforms and fixed-income portfolios through multiple market cycles. Dave’s background reflects deep expertise in portfolio construction, fiduciary decision-making, and institutional risk management, providing disciplined perspective to long-term investment strategy and oversight.

  • Addison Moore

    General Partner

    Addison Moore brings experience across real estate investment analysis, underwriting, and transaction execution, with a track record spanning stabilized assets and development-oriented opportunities. His background includes hands-on involvement in financial modeling, diligence, and deal structuring, as well as exposure to brokerage and capital markets environments. Addison applies a disciplined, analytical approach to investment evaluation, with a focus on institutional-quality underwriting and long-term value creation.

  • Phil Deguire

    General Partner

    Phil DeGuire has extensive experience across multifamily acquisitions and operations, with a track record of executing value-focused strategies through disciplined underwriting and active asset management. His background includes hands-on involvement in workforce and attainable housing investments across diverse markets.

  • Craig Karasin

    General Partner

    Craig Karasin brings a long-standing track record in self-storage and consumer-oriented real estate, with experience spanning platform development, operations, and portfolio growth. He has been directly involved in building and scaling self-storage businesses, optimizing revenue management, and improving operating performance across multiple market environments. His background includes founding and partnering in storage platforms and applying disciplined, institutional processes to create durable, scalable assets.