Icarus Investment Group

Icarus Investment Group is a real estate investment firm focused on creating passive income streams for investors while enhancing communities through strategic property investments. Founded in 2012 by David Pezzola, the firm has acquired over 2,600 units, revitalizing neighborhoods in American cities by providing affordable and reliable housing options. The company's mission is to eliminate misconceptions about urban areas by embracing technological advancements and global trends to offer quality housing solutions.

The firm's investment strategy centers on identifying undervalued properties in emerging markets, particularly in cities with high potential but existing public misconceptions. By acquiring properties at low costs relative to rental income, Icarus aims to generate positive cash flow rapidly after acquisition. This approach not only benefits investors but also contributes to the revitalization of communities by improving housing quality and affordability.

Icarus Investment Group's portfolio includes a diverse range of multifamily and commercial properties across the United States. Notable investments include the acquisition of Madison Terrace, a 96-unit multifamily community in Chicago, which involved the assumption of a $6.8 million CMBS loan held by Fannie Mae. The firm's commitment to innovation and community improvement has established it as a significant player in the real estate investment sector, with a focus on long-term value creation for both investors and residents.