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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 purchasing his first property, a single-family home, in 2006. Since then, he acquired apartments, 6 or 8 units at a time 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 and acquire larger multifamily deals in 2019. 

In early 2020 Davide founded Formica Investment Group (FIG), with the mission of identifying value-add multifamily deals in healthy markets and acquiring them by partnering with experienced operators and passive investors.  

A true entrepreneur at heart, Davide also owns and operates 1Motoshop, an eCommerce business specializing in motorcycle parts and accessories, its roots tied to his father’s legacy as a motorcycle racer and distributor in Venezuela. The company is celebrating its 12th year in business this year. 

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 Laura and two children cooking, traveling, and dreaming about real estate.

Laura Destro Formica

Managing Partner, Advisor

With over 16 years of experience, Laura Formica has served the real estate industry in a variety of roles, most recently as president of Homestead Living, where she led the management division overseeing 250 team members and over 8,000 units across the student housing, multi-family, and senior-living business units.  

As a key leader in the organization, Laura worked alongside owners and equity partners to build the management company infrastructure from the ground-up, recruiting and leading the teams to implement all company systems, IT, data and reporting, policy and procedures, budget-planning, value-add strategy, and acquisitions.

Laura’s cross-functional expertise is vast, with leadership experience over operations, marketing, acquisitions, and human resources.  With a passion for people, Laura’s goal is to build a team environment where thought-partnership, diversity of thought and experience, and collaboration brings the best ideas to the table, and a shared passion for execution means performance for investors and a fun, inspired culture for all.

Laura graduated from Ohio University with a bachelor’s degree in Organizational Communications, a minor in Business, and a certificate in sales from the Schey Sales Centre.  Laura’s passions include being a mom, and making an impact on people’s lives through real estate investment and management.

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

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