Cumberland Holdings

Cumberland Holdings is a private real estate investment firm specializing in income-producing multi-family and commercial assets in the Western United States. Founded in 2010 by the Chernoff family, the firm has acquired over 20 properties in California, Oregon, and Washington, with a focus on value-added, multi-family, and mixed-use commercial real estate. Their strategy involves purchasing properties with absentee ownership and poor management, implementing capital improvement plans to enhance curb appeal and marketability. The firm has a track record of successful investments, including the acquisition of City View Apartments in Portland, Oregon, for $5.1 million, which was sold five years later for $13.3 million, generating a 345% return for investors.

Cumberland Holdings targets investments in value-added, multi-family, and mixed-use commercial real estate in several West Coast markets. They seek to purchase properties that suffer from absentee ownership and poor management, developing capital improvement plans to enhance the curb appeal and marketability of properties' preexisting conditions. The firm's leadership includes Graham Chernoff, President, who has a 25-year career in acquisition, finance, renovation, and asset management of over 15,000 apartment units in Western markets. Scott Chernoff, Principal, oversees the commercial property portfolio and investor relations. Josie Chernoff, Chief Operating Officer, manages accounting, risk management, and compliance matters, as well as investor relations concerning financial reporting and tax matters.

The firm has a history of successful investments, including the acquisition of City View Apartments in Portland, Oregon, for $5.1 million, which was sold five years later for $13.3 million, generating a 345% return for investors. In June 2021, Cumberland Holdings acquired the 72-unit apartment and retail complex PaciKc Place in Daly City, California, for $33.6 million. The firm has over 200 active private investors, with more than 70% engaging in multiple investments. Their investment philosophy focuses on generating returns through current cash flow by locating functional real estate in markets with solid tenant demand drivers and significant barriers to new development, achieving predictable risk-adjusted investment returns.