Maurice Philogene
Lt. Colonel and Federal Agent Retired, IT Services Executive and Real Estate Investor
Background
Maurice Philogene has dual-track careers in consulting and public service, and is an entrepreneur/investor and founder of JMP Investment Group. He is a 22-year Executive at Accenture, a global consulting firm. In October 2019, he retired from the US Air Force after 23 years as a Lt. Colonel/Federal Agent responsible for criminal and counterintelligence investigations worldwide. He continues public service as a midnight patrol officer for a county police department. As part of entrepreneurial ventures, Maurice began investing in real estate is 2002, compiling a sizable portfolio of single family homes before transitioning to multi-family asset classes in 2014. He’s been purchasing apartment complexes and mobile home parks since.
JMP Investment Group
JMP Investment Group focuses on investing and operating value-add apartment complexes, mobile home parks, and other multi-family and commercial real estate assets across the United States. JMP currently has holdings in Massachusetts, Tennessee, West Virginia, Virginia, Washington DC, Pennsylvania, and Maryland. JMP also has holdings in high end restaurants and lounges in the Washington DC area.
Real Estate Track Record
Real Estate Track Record Summary
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General Partner for 6 multi-family acquisitions since 2018.
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Part of team repositioning of 104-Unit multi-family, purchase price of $4.5M and sale at $6.2M, a 27% increase in just 18 months later.
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Led acquisition and repositioning of hard to acquire boutique multi-family asset in University of Maryland area. Raised rents from $1100 to $1550, driving 42% additional equity in just over 14 months. Full 8% preferred being returned to investors as scheduled.
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Owner/operator of numerous mobile home parks over 100 pads across 50+ acres.
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General Partner for 35-unit multifamily in Knoxville purchased in January 2020
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300+ acquisitions & dispositions over 15 years