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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 syndicated real estate 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 on 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, 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 opportunity.  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, acquiring the right apartment building for the right market.  One that meets our criteria, and we can confidently forecast a steady cashflow 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 a passive investor 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.

Skin in the Game

We invest in our own deals.

The Team

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

Davide Formica

Davide Formica

Managing Partner

Davide has been investing in real estate at various levels since 2014 when his first home became his first rental. He continued investing in multifamily properties, successfully growing his portfolio in Columbus, Ohio. He has self-managed his rental properties gaining invaluable experience from the ground up in handling all the challenges of owning and managing rental properties. Davide focuses on finding value-add apartment building deals in healthy markets and acquiring them by partnering with experienced operators and passive investors.

Davide holds a master’s degree in Computer Science and a bachelor’s in Computer Science and Business. Davide has worked as a Web Developer and IT professional for a Futures Trading company in Columbus, OH, that later was acquired by Schwab. He went on to become an entrepreneur in 2011, founding and successfully expanding an import/export/e-commerce business.

Laura Destro Formica

Laura Destro Formica

Managing Partner, Advisor

With over 14 years of multi-family experience, Laura is highly skilled in operations, marketing, and overall management of multi-family, student housing, and senior housing assets.  As an advisor for Formica Investment Group, Laura assists in every aspect of the process, from underwriting to due diligence, to the day-to-day management and operations of each asset. 

Laura is currently the Vice President of Operations for Homestead Companies, overseeing 11,222 student housing beds and 4,528 multifamily units nationwide.

Jim Biggs

Key Principal, Strategic Advisor

Jim has over 20 years of experience in real estate and licenses in Florida and Illinois at various levels, from realtor to insurance and Series 6 Securities. He has served in a multitude of real estate realtors, owners, and investors associations. Today Jim controls and has invested in over 1000 units. As an advisor to Formica Investment Group, Jim brings valuable insight and guidance regarding finance, deal structure, and community development.
Jim is a founding partner in Jiroma Enterprises, focused on multifamily commercial real estate investing.

Jim is a founding partner in Jiroma Enterprises, focused on multifamily commercial real estate investing.

Julie Anne Peterson

Julie Anne Peterson

Commercial Loan Officer, Advisor

With 30 years of real estate transaction experience, Julie Peterson does not just source funds; she consults with her clients to help solve their immediate needs. She works with all types of income-producing real estate and at all levels of the “capital stack”. Julie’s clients are real estate entrepreneurs who are dependent upon the many relationships they establish, and the relationship with their capital is no different.

Julie is currently a Commercial Loan Officer with Old Capital – a premier provider of commercial Capital solutions and advisory services for commercial real estate investors of Multifamily, Retail, Office, and Industrial.

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