Tom Staub

Background

About Tom Staub

Tom's journey in the real estate began in 2010, identifying an opportunity to leverage distressed single-family assets across Indiana, Alabama, and Ohio. Over the next four years, Tom acquired a substantial property portfolio. Through renovations, tenant placements, and property stabilization efforts, he achieved an impressive average of 16% cash-on-cash returns. Tom's engagement in speaking at events and conferences about single-family housing trends attracted a network of investors who were drawn to his vision and investment strategies, leading to the formation of an asset management division within his business. This new division focused on private money lending, real estate flipping, and multifamily syndication, marking the beginning of a decade of growth, pivots, and learned lessons. By 2015, Tom noticed a shift in the market dynamics. The single-family rental space was becoming saturated, compressing profit margins and prompting a pivot towards larger projects with bigger margins in Ohio, particularly in Cleveland. Tom and his father embarked on their first syndication project in Cleveland, quickly followed by a successful exit from a project in Huntsville, Alabama, within 15 months. However, as the market continued to evolve with margins in the syndication model beginning to tighten by 2017, Tom's focus shifted towards land development, beginning in Arizona. In Arizona, Tom embarked on a ground-up development of an 80-acre community near Williams, Az. Despite the learning curve and the anticipated risks, the team's strategic investments paid off, leading to a successful exit that nearly tripled their equity investment in 18 months. Their success in Arizona catalyzed further expansion, including acquiring additional land for development and venturing into the Texas market in 2019. By 2024, the Red Oak team, under Tom's leadership, boasted operations in both Arizona and Texas, with over single-family lots under development or planning, two master communities underway and an ambitious target is to develop 10 master communities by 2030. Red Oak diversified its operations by establishing ViewPoint Engineering, an engineering firm servicing both Arizona and Texas, with Red Oak constituting only 20% of its total revenue. Tom's forward-thinking approach and commitment to staying ahead of market trends and fostering a vision across all teams has positioned Red Oak as a leading competitor in the real estate development space, consistently delivering solid returns to investors across various projects.