Real estate acquisitions and development
We buy what owners are ready to release. We help build what communities still need.
Wind Chime Capital is a real estate acquisition and development company. We purchase residential portfolios, multifamily buildings, hotels and land from owners who are ready to move on, and we partner with developers and mission organizations to bring new housing out of the ground. One side of the business creates a clean exit. The other creates supply.
Why one company does both
Most firms pick a side. We think the two halves belong together. The capital, diligence and structuring discipline that lets us close a complicated portfolio without surprises is the same discipline a ground-up project needs from day one. Owners get a buyer who can actually perform. Development partners get a capital partner who has done the unglamorous work.
Wind Chime Capital is headquartered in Northern California and owns in Ohio and Alabama. We review portfolios nationwide where the numbers and the structure make sense.
Wind Chime Capital has been operating since 2022. The company owns or manages 150 doors across California, Ohio and Alabama, spanning residential portfolios, multifamily and hospitality, and partners on an 87-unit ground-up build with Brookline Development.
How we work
We underwrite before we negotiate.
Before we talk price we ask for the rent roll, the trailing twelve months of operating statements, the leases, the current tax bills, the insurance loss runs, and whatever deferred maintenance the owner already knows about. We would rather hear about the roof from the seller than find it ourselves in week three. The number we give is the number we close at, because the work was done before the number was said.
We structure around the seller, not around a template.
An all-cash offer is the worst outcome for a lot of long-term owners, because it triggers the entire gain in one tax year. So the structure is part of the negotiation, not an afterthought: cash where cash is right, seller financing, taking existing debt subject-to, an installment sale, or a combination. We ask what the owner needs the money to do before we decide how to pay it.
We close what we sign.
We do not retrade a signed number. We do not go quiet during diligence and come back with a list of reasons the price moved. If something genuinely changes, the owner hears it from us immediately and in writing.
What we do
Land and development partnerships
Entitled and unentitled land, held, improved, or contributed into development partnerships. We partner with developers and mission organizations on new construction. Our current project is an 87-unit ground-up build with Brookline Development.
Residential portfolios and multifamily
Residential portfolios of twenty doors and up, bought as a single transaction and as-is — scattered-site or concentrated, occupied or vacant. And twenty to fifty unit multifamily with value-add potential, held long term for cash flow and forced appreciation rather than flipped.
Hotels and motels
Hospitality properties acquired and operated, including ones that need repositioning before they perform.
Who we work with
How the deals get funded
Acquisitions are capitalized with a combination of our own balance sheet, seller financing, institutional debt, and member capital through our investment club. Club projects are shared with members through definitive documents.
Riza Hernandez
Founder & Principal Partner
Yola Labrador
Acquisition Manager
Tom Smith
Underwriting
Marcie Bennett
Sales Manager
Wind Chime Capital is led by founder Riza Hernandez and a team that has sat on both sides of these transactions.
Meet the teamGet in touch
Questions, introductions, or a property worth discussing.