Building communities with integrity…it’s what sets us apart. We are not just entrepreneurs and investors but family men and women who understand the need and want to live in a safe and welcoming community. We strive to provide affordable housing without compromising quality and service.
Meet the Team
We are passionate about real estate! And we aren’t just paper pushers. Behind the suit and tie is active involvement in every property we acquire. We are onsite working alongside our team of contractors, property managers, and resident concierge. But we are also seasoned business men and women who manage the bottom line and work hard for our investors.
Founder & Managing Partner
Tony Castronovo is the founder and managing partner of Novo Multifamily Group, LLC and Novo Investments, LLC, a real estate investment company established in 2014.
Mr. Castronovo is a buy & hold investor with focused real estate experience in both multifamily and single family, including acquisition, construction, operations, and property management.
Mr. Castronovo solely owns and operates a multifamily property in Bryan / College Station, Texas. In the first year after taking over, he was able to drive nearly 70% improvement on Net Operating Income (NOI). This was a major repositioning project where 95% of units were renovated along with significant exterior capital improvements. Mr. Castronovo led a strategic tenant turn and lease-up strategy to replace the entire tenant base within 7 months, driving average rent increases by over 40%, while pushing down operating expenses.
In late 2019, Mr. Castronovo acquired an additional multifamily asset in Bryan / College Station, Texas where he led all aspects of a syndication to raise the necessary capital, perform due diligence, contract negotiations, property renovations, and overall asset strategy & implementation.
Prior to his multifamily experience, Mr. Castronovo owned and operated a portfolio of single-family rental properties yielding strong annual revenues. With his background in construction, he had acquired properties through wholesale transactions and pocket listings, leveraging hard & private money lenders, developing repair estimates, managing contractors to drive property values, then refinancing into long-term notes. He has a track record of driving appreciation through strategic renovations and leading class asset management.
Mr. Castronovo is also a seasoned management consultant (previously with Ernst & Young), utilizing 25 years of experience advising clients on project portfolio investment management. He holds higher education degrees in Engineering and Construction Management.
Mr. Castronovo is revered across numerous investor communities as a mentor and coach for new investors, sharing leading practices and experience. His passion, skills, and drive for multifamily real estate investing and improving local communities is testimony to both his own success and those he mentors.
Find out more
Contact us for more information.