PRIVATE INVESTMENT COMPANY
We acquire multifamily property for long-term ownership.
388 Holdings is a private, family-held investment company focused on multifamily real estate. We acquire, deal, and operate with a long-term view.
Our aim is simple: own good properties, care for them well, and create lasting value for the people who invest with us and the people who live in them.
ACQUISITION CRITERIA
What we’re looking for.
ASSET TYPE
Multifamily
PROFILE
Class B/C · 15-50 units · Value-add
MARKETS
Middle Tennessee · Nevada · Southwest
Deferred maintenance, operational improvement, below-market rents, or other identifiable paths to stronger performance.
OPPORTUNITY
Conventional acquisition · Assumable debt · Seller financing · Subject-to financing · Joint venture structures
STRUCTURES
We aim to provide a clear initial response within five business days of receiving complete financials.
RESPONSE TIME
Have something that fits?
Send the offering memorandum, trailing twelve months, and current rent roll.
OUR APPROACH
Built for long-term ownership.
388 Holdings invests its own capital with a long horizon. We believe good investments begin with disciplined buying, straightforward dealing, and responsible ownership.
We are comfortable passing on opportunities that do not fit. A property has to make sense on its own merits, without relying on aggressive assumptions about future rents, financing, or exit values.
Buy Selectively
A property should be better because we own it. We take maintenance seriously, invest thoughtfully, and aim to provide residents with clean, well-kept homes and responsive service.
Own Responsibly
We value honesty, clear communication, and keeping our word. If circumstances change, we address them directly. We want sellers, brokers, partners, vendors, and residents to know where they stand with us.
Deal Straightforwardly
HOW WE WORK
From first call to first rent check.
We answer clearly.
01
We review opportunities directly and aim to give brokers and owners a clear initial answer within five business days of receiving complete financials.
We value straightforward dealing throughout the process. If something material changes, we address it directly. We do not manufacture issues during diligence simply to create leverage at the closing table.
We underwrite ourselves.
02
Send us the offering memorandum, trailing twelve months, rent roll, and relevant property information. We work from the actual numbers, ask questions directly, and visit the property before closing. If the opportunity fits, we move quickly to an LOI outlining the principal economics and terms of the proposed transaction.
We structure thoughtfully.
03
Every property is different. We consider conventional financing, seller carryback notes, assumable debt, and joint venture arrangements when appropriate.
The goal is a structure that works for the property and the people involved.
We take care of what we own.
04
Our interest in a property does not end at acquisition. We remain actively involved in operations, capital planning, maintenance, and long-term performance. We want our properties to be places residents are glad to call home.
PARTNERS
Two ways to work with 388.
Brokers & Property Owners
Bring us a property.
If you have a multifamily property in one of our target markets that fits our criteria, we want to hear about it.
You will deal directly with the people making the investment decision. We value clear information, quick communication, and straightforward transactions.
Capital Partners
Invest alongside us.
We build long-term relationships with a small group of capital partners who share our approach to ownership, discipline, and time horizon.
We invest our own capital alongside our partners and evaluate opportunities one property at a time.
WHO WE ARE
A family company, by design.
388 Holdings is family-owned and operated. Edward Derderian serves as Managing Director and works alongside the next generation of the Derderian family, with each member bringing a distinct role to the acquisition, operation, and long-term care of the properties we own.
Edward Derderian, Managing Director & General Partner
Fisher Derderian, Director of Acquisitions & Investment Strategy
Maxine Derderian, Director of Real Estate & Transactions
Jon Derderian, Director of Technology & Systems
Jef Derderian, Director of Nevada Operations
Sam Derderian, Director of Property Operations & Logistics