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Formica Investment Group (FIG)

FIG centers on the acquisition of Multifamily apartment buildings through private equity funding, delivering stable returns to our investors.

Our Mission

To work closely with investors to acquire income-producing apartment buildings in stable and growing markets as a more robust and profitable investment alternative to the stock market while improving our residents’ experience.

Our Strategy

The most critical factors to the success of a real estate investment deal are the market, the team, and the deal, respectively.

We are firm believers that you must know the market where you invest. For this reason, we only seek investments in areas that we fully understand.   

The next most crucial factor is the team, we, as your deal Sponsor, dedicate all our resources to the optimal management of the asset and the successful execution of the business plan assessed during the acquisition phase.

Finally, the deal, we spend countless hours looking for deals, we then underwrite and analyze each one of them with conservative criteria and assumption forecasts.  We tend to under-promise, and over-deliver to be able to preserve capital to allow us to navigate through any black swan events.


A good market is the single most crucial factor in a real estate investment.  You can have a good deal in a lousy market, and there’s nothing you can do to make that property generate better returns.  Now, with a good market, you can have an average property, and you can still perform.  So, we stick to markets that are thriving and growing, as this is the foundation for a successful investment.  It is essential to carefully analyze the economic trends as well as the supply and demand balance within each market. We currently focus on investing in apartment buildings located in Columbus, Ohio, and Indianapolis.  From time to time, we may partner with experienced operators that we trust to provide market insight in other areas with sustained growth such as Oklahoma, Alabama, South Carolina, Georgia, and Northern Florida.

Property Type

We focus on class B and C multifamily properties with 50 or more units with value-add opportunities.  With room to drive up the value of the property to create healthy returns for our investors.  We work hand in hand with Partners and Advisors in seeking, vetting, and acquiring the right apartment building for the right market.  One that meets our criteria, and we can confidently forecast a steady cash flow and appreciation during the hold period of 5 to 7 years.

Asset Management

We operate the asset for optimal returns to our investors and improve the experience for our residents by completing capital repairs laid out in the business plan revised during the acquisition process.  We also stay vigilant for unforeseen black swan events that may require a strategy revision for capital preservation.

Property Management

We oversee and work in hand with our Property Management partner.  They are responsible for the everyday operations of the property: dealing directly with prospects and tenants, marketing, pricing rent, vetting tenants, collecting rent, handling maintenance and repair issues, responding to tenant complaints, and pursuing evictions.


We work closely with investors, offering educational information about Real Estate Investing as passive investors so that they can make better investment decisions confidently.  We provide transparent reporting, an open channel of communication, property tours, and the predictability of the returns.  Our investors are an essential part of our team.

Property Owners

We are constantly connecting with other apartment building owners on both sides of the spectrum, buyers and sellers.

We offer helpful information on real estate trends and our local market to help us all make timely and educated decisions regarding our real estate portfolios.

The beauty of meeting and getting to know other apartment building owners is that we get to grow our network and multiply the possibilities of buying and selling our next real estate deal in a convenient and efficient manner.

Skin in the Game

We invest in our own deals.

The Team

Davide Formica

Davide Formica

Managing Partner

Davide has been investing in real estate at various levels since becoming a landlord in 2014. Since then, he has continued acquiring additional multifamily throughout Columbus, Ohio.
As an owner and operator, Davide learned all the intricacies and challenges that come with property management and has gained invaluable experience that would serve him well as he began to underwrite large multifamily deals and collaborate with other experienced investors and sponsors in 2019.
In early 2020 Davide founded Formica Investment Group (FIG) to identify value-add multifamily deals in healthy markets and acquire them by partnering with experienced operators and passive investors. Since then, he and his team have acquired over 200 apartment doors throughout Columbus, Ohio.
Davide graduated from Saint Xavier University with a master’s degree in Internet Information Systems, and from The University of Findlay with a bachelor’s in Computer Science and Business. He enjoys spending time with his wife and two children cooking, traveling, and dreaming about real estate.

Yair Swissa

Yair Suissa

Swiss Group, Managing Partner

Yair began his real estate career in 2008, acquiring single-family homes rental portfolio in Indianapolis. At the end of 2009, Yair settled in Columbus, Ohio expanding his business.
He continued to acquire single homes and multifamily renovating and renting them.
Over the years, he created a Property Management division and an in-house Construction company.
Today the Swiss Group companies serve a growing group of passive global investors; and oversee the acquisition of new properties, production of real estate construction services, and management of a growing multifamily portfolio exceeding 200 doors.

Eran Swissa

Eran Suissa

Swiss Group, Managing Partner

Eran began his real estate career in 2008, acquiring single-family homes and renovating and managing a growing rental portfolio in Indianapolis.
In 2009 Eran settled in Columbus, Ohio expanding his business under the Swiss Group. He continued to acquire multifamily properties while incorporating an in-house Property Management and a Construction company.
Today the Swiss Group focuses on acquiring new properties and serves a growing group of passive global investors, production of real estate construction services, and management of a growing multifamily portfolio exceeding 200 doors.

Laura Destro Formica

Strategic Advisor

A dynamic and engaged leader with real estate experience since 2006 with a focus on operations, management, sales, marketing, and people and culture. An experienced operator with a strong track-record for recruiting and developing teams, and implementing organizational strategy to increase efficiency and produce results. A strategic thinker with a passionate vision for maximizing performance across multiple business units through cross-functional collaboration. A driven and committed teammate who is focused on continued growth and learning, and bringing their full self to work every day.

Our team is strategically aligned with many seasoned Multifamily apartment building sponsors with decades of combined experience.

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