Private commercial real estate investment firm

Structured
acquisitions.
Durable value.

We acquire and reposition multifamily and commercial assets, and we qualify every side of the transaction before it reaches the table — the buyer, the investor and the lender.

How we qualify Speak with us

What we do

Qualification is the work.

Most deals fail on the people, not the property. Before terms are discussed we put our own file on the table — the same three documents, prepared for the three parties who need to verify us.

01

Buyer qualifications

Prepared for sellers and listing brokers. Units owned and operated, realized dispositions, institutional lenders used, and what the closings actually required — every figure taken from a recorded settlement statement, furnished on request.

02

Investor sponsor profile

Prepared for prospective equity partners. How much was raised, what was returned and over what hold — approximately $11,505,000 of equity assembled across two Las Vegas communities and approximately $21,832,038 returned at disposition.

03

Sponsor profile & credit summary

Prepared for lenders. Borrowing history since 2007, including a $15.68M Freddie Mac loan and an $11.86M securitized facility defeased at sale. No foreclosures, bankruptcies, deeds in lieu or loan modifications. Both Las Vegas facilities carried full-recourse guarantees signed personally.

Track record

Acquired, operated, sold.

Two 216-unit Las Vegas communities, acquired for $36,125,000 and sold for $58,000,000. Both exited profitably, both returned capital to the partners who funded them.

Spanish Oaks Apartments

216 units · 2301 S Valley View Blvd, Las Vegas, NV · held 4 yr 9 mo

Acquired May 2016 for $14,725,000, sold February 2021 for $28,500,000. The sale required defeasing an $11,868,243 securitized facility and retiring a $3,442,494 supplemental loan, executed without delaying closing.

The Arbors Apartments

216 units · 2666 S Decatur Blvd, Las Vegas, NV · held 2 yr 8 mo

Acquired August 2016 for $21,400,000 on a $15,000,000 full-recourse bridge at 7%. The bridge was retired in full four months later and replaced with a $15,680,000 Freddie Mac loan through Berkadia. Sold April 2019 for $29,500,000.

Earlier — Tampa Bay

2007–2014 · Pinellas and Hillsborough counties

Twelve condominiums bought in 2007, built from there to 375 units and homes across Pinellas and Hillsborough counties — communities in Clearwater and St. Petersburg, 42 units in Tampa, 56 homes in Largo — operated through our own management company rather than a third party.

Figures are contract prices from recorded settlement statements, available on request. Prior transactions are described to evidence acquisition, operating and borrowing experience. Past performance is not indicative of future results.

Active acquisitions

Kansas City, Missouri.

Two complementary healthcare assets under active acquisition, both with repositioning and development potential.

7801 Holmes Road

Kansas City, MO 64131 · Waldo / South Plaza

A 102,000 SF, four-story concrete building on 8.9 acres, formerly the Shalom Geriatric Center. Rezoned MPD with approved uses including nursing home, senior housing and medical offices, and residential use up to 21.6 units per acre.

724 NE 79th Terrace

Kansas City, MO 64118 · North Kansas City

A 32,238 SF skilled nursing facility on 4.03 acres in the metro's premium healthcare corridor. Holds the last known viable Certificate of Need for a skilled nursing facility in the Kansas City metro, with active 75-bed rights and a pathway to 150 beds.

Why healthcare, why here

Adaptive reuse · Class B · Certificate of Need

A third of the population within a mile of the North Kansas City site is over 55. A certificate of need is not something a competitor can simply apply for, and a rezoned 8.9-acre parcel is not something a competitor can simply build.

Platform · Shulgin Group™

We buy real estate and we build the software that finds the capital.

Shulgin Group operates in two lines. The first is commercial real estate acquisition, repositioning and disposition. The second is software: we build AI-powered deal-intelligence platforms for real estate and lending. Each client receives a dedicated engine that automates lender outreach and correspondence, runs instant underwriting, and integrates deeply with their CRM — sourcing capital at institutional scale, against a network of more than 2,300 lenders.

Shulgin Lending

Deal-intelligence platform · Smart Lender Search

Bridge, hard money, traditional, hedge funds, family offices, healthcare and hospitality lenders in one searchable network. Per-deal access or a monthly plan where we run the entire lender correspondence and log every set of terms to your CRM. shulginlending.com

Shulgin Command Center

Pipeline and operations

The internal system that runs acquisitions, outreach, underwriting and reporting across the platform. command.shulgingroup.com

Investor Link

Investor relations

Where prospective equity partners review the sponsor profile and current opportunities. investwithnik.com

Contact

Bring us the asset.

Multifamily and commercial across Texas and the Midwest. Send the address and the rent roll — we come back with a position, not a brochure.

Nikolay Shulgin

Nikolay Shulgin

Acquisitions

What you send here reaches me, not a queue. If you would rather check the fit before writing, what we buy is set out in full in the buy box.

By selecting the options above, you authorize Shulgin Acquisition Group Inc. to send text messages with offers and other information, possibly using automated technology, to the number you provided. Message frequency will vary. Msg & data rates may apply. Reply HELP for help or STOP to cancel. See our Privacy Policy and Terms and Conditions.