DRI Invests Renovates and Generates Returns

A real estate investor and developer, Vito Dragone oversees the real estate investing, construction, and management of properties purchased by Dragone Realty Investments (DRI). As president of the firm, Vito Dragone invests in multifamily buildings with 200 or more units.

DRI’s investment arm focuses on assets that will generate a return on its investment. DRI Investments focuses on creating partnerships with other institutional investors. By working with others in real estate, DRI benefits from the team’s experience, business relationships, and expertise.

The Verona at Naylor Metro illustrates DRI’s process for investing, renovating, and then generating returns on the investment. The apartment building was once dilapidated and closed down for several code violations.

Through its construction arm Dragone Construction, the firm renovated the building’s exterior, which was in serious disrepair. They renovated the interior to improve its building’s appearance and make the building safe and livable again. The project took two years to complete and cost $18.5 million to renovate.

The 219 one-, two-, and three-bedroom apartment building is completed and leased-up and has a steady occupancy at 95%. For more information on the services that DRI provides in investments like the Verona at Naylor apartments, please visit https://www.dragonerealty.com/services.

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