NORTHWEST’S PREMIUM PRIVATE REAL ESTATE EQUITY GROUP
REAL ESTATE SYNDICATION FOR THE NEXT CENTURY
OUR STORY
FUNDRE
FUNDRE is a registered trademark of REAGUS CORP (Abbreviation for Real Estate Acquisition Group of United States). Established in 1995 as a startup real estate syndicate determined to play in the big boy’s league with limited capital and experience. The focus has always been on the Pacific Northwest and Mountain West regions, and the small towns where major players are least interested in investing. Our niche is acquisition of distressed commercial properties, rural land for development purposes, rezoning of semi-commercial properties as mixed use, adding value to the asset and the neighborhood, and exiting within a span of three to five years, realizing profits for our stakeholders in the process. Our strategy is utilization of our own capital and that of our partner companies without involving outside financial institutions. 2025 marks thirty years in business with over $1.2 Billion in current real estate assets in our portfolio. We have survived the great real estate bubble of 2008 and understand the dynamics of financial capital and that of the underlying real estate asset. We are the path finders, treading on grounds that are usually considered high risk or are considered as ventures that are “more trouble than its worth”.
OUR PROJECTS
COMMERCIAL PROPERTIES
RETAIL STORES & STRIP MALLS
RETAIL STORES & STRIP MALLS
Office Buildings, IT Data Centers, Medical Clinics, Warehouses & Logistical Hubs, Motels, Gas Stations, Truck Stops, Industrial Facilities, Restaurants and Mobile Home Lots are our assets of interest in Pacific Northwest and Mountain West.
RETAIL STORES & STRIP MALLS
RETAIL STORES & STRIP MALLS
RETAIL STORES & STRIP MALLS
We acquire closed retail strip malls and shopping centers that have for one reason or another lost their luster and have become a financial liability for the current owners. Our expertise is in adding value to such dead assets for a quick turn around.
APARTMENT COMPLEXES
RETAIL STORES & STRIP MALLS
APARTMENT COMPLEXES
We acquire multi unit apartment buildings in college towns that have high vacancy rates due to the neglect and structural damages. We are expert in rehabbing the residential complexes and making them attractive again for the tenants.
OUR RECENT NOTEWORTHY ACQUISITIONS
SDC COLUMBIA IT DATA CENTER
KELLY PARCEL GRAND TETON PARK
SDC COLUMBIA IT DATA CENTER
We have acquired 249,000 Sq. Feet of data center space in Wenatchee, Washington. The facility is professionally managed by Sabee Data Center Properties LLC.
BUTTE PLAZA MALL
KELLY PARCEL GRAND TETON PARK
SDC COLUMBIA IT DATA CENTER
Once shuttered down Butte Plaza Mall in Butte, Montana has been acquired by us recently and is being turned back into a vibrant shopping center once again.
KELLY PARCEL GRAND TETON PARK
KELLY PARCEL GRAND TETON PARK
KELLY PARCEL GRAND TETON PARK
The so-called Kelly Parcel in Grand Teton National Park has been acquired with the help of local conservationist groups to preserve the natural habitat and develop it for tourism purposes.
ASSETS ACQUIRED IN LAST QUARTER OF 2024
SLEEP INN, PASCO, WASHINGTON
WHISPERING HILLS APARTMENTS, PULLMAN, WASHINGTON
WHISPERING HILLS APARTMENTS, PULLMAN, WASHINGTON
Acquired in October 2024
WHISPERING HILLS APARTMENTS, PULLMAN, WASHINGTON
WHISPERING HILLS APARTMENTS, PULLMAN, WASHINGTON
WHISPERING HILLS APARTMENTS, PULLMAN, WASHINGTON
Acquired in October 2024
PORTNEUF MEDICAL CENTER, POCATELLO, IDAHO
WHISPERING HILLS APARTMENTS, PULLMAN, WASHINGTON
PORTNEUF MEDICAL CENTER, POCATELLO, IDAHO
Acquired in October 2024
76 GAS STATION, SALEM, OREGON
THE KRUEGER BUILDING, BOZEMAN, MONTANA
PORTNEUF MEDICAL CENTER, POCATELLO, IDAHO
Acquired in November 2024
LEHI TECH CENTER, LEHI, UTAH
THE KRUEGER BUILDING, BOZEMAN, MONTANA
THE KRUEGER BUILDING, BOZEMAN, MONTANA
Acquired in November 2024
THE KRUEGER BUILDING, BOZEMAN, MONTANA
THE KRUEGER BUILDING, BOZEMAN, MONTANA
THE KRUEGER BUILDING, BOZEMAN, MONTANA
Acquired in December 2024
ASSETS ACQUIRED IN THIRD QUARTER OF 2024
WATER STREET APARTMENTS, SHERIDAN, WYOMING
WATER STREET APARTMENTS, SHERIDAN, WYOMING
WATER STREET APARTMENTS, SHERIDAN, WYOMING
Acquired in July 2024
RETAIL STRIP MALL, MILWAUKEE, OREGON
WATER STREET APARTMENTS, SHERIDAN, WYOMING
WATER STREET APARTMENTS, SHERIDAN, WYOMING
Acquired in August 2024
MOTEL 6, COOS BAY, OREGON
WATER STREET APARTMENTS, SHERIDAN, WYOMING
MOTEL 6, COOS BAY, OREGON
Acquired in September 2024
ASSETS ACQUIRED IN SECOND QUARTER OF 2024
MEDICAL CENTER, MEDFORD, OREGON
COMMERCIAL OFFICE BUILDING, IDAHO FALLS, IDAHO
COMMERCIAL OFFICE BUILDING, IDAHO FALLS, IDAHO
Acquired in April 2024
COMMERCIAL OFFICE BUILDING, IDAHO FALLS, IDAHO
COMMERCIAL OFFICE BUILDING, IDAHO FALLS, IDAHO
COMMERCIAL OFFICE BUILDING, IDAHO FALLS, IDAHO
Acquired in May 2024
RESTAURANT CLUSTER, MCCALL, IDAHO
COMMERCIAL OFFICE BUILDING, IDAHO FALLS, IDAHO
RESTAURANT CLUSTER, MCCALL, IDAHO
Acquired in June 2024
ASSETS ACQUIRED IN FIRST QUARTER OF 2024
OFFICE BUILDING, LEWISTON, IDAHO
OFFICE BUILDING, LEWISTON, IDAHO
OFFICE BUILDING, LEWISTON, IDAHO
Acquired in January 2024
MEDICAL PLAZA, MURRAY, UTAH
OFFICE BUILDING, LEWISTON, IDAHO
OFFICE BUILDING, LEWISTON, IDAHO
Acquired in February 2024
OFFICE PLAZA, PASCO, WASHINGTON
OFFICE BUILDING, LEWISTON, IDAHO
OFFICE PLAZA, PASCO, WASHINGTON
Acquired in March 2024
MEET OUR DIRECTORS
Steven E. Ownbey, President & CEO
Steven E. Ownbey, President & CEO
Steven E. Ownbey, President & CEO
With more than 40 years of experience in putting real estate deals together, first as a Commercial Real Estate Broker and then as a savvy investor, Steven has seen it and done it all. Steven founded REAGUS CORP in 1995 as a two-man set up.
Jerome B. Strong, COO
Steven E. Ownbey, President & CEO
Steven E. Ownbey, President & CEO
Jerome started his real estate career as Steven’s assistant and protege back in 1993. It was Jerome who encouraged Steven to leave the rat race and embark on the quest of becoming an independent real estate investment syndicate in 1995.
Eric T. Holman, CFO
Steven E. Ownbey, President & CEO
Eric T. Holman, CFO
Eric is a CPA and a graduate of prestigious University of Oregon. Eric specializes in keeping the organization in compliance with complicated laws and regulations and ensures that due diligence is fully conducted in every transaction.
RAISING CAPITAL
HOW DO WE RAISE CAPITAL?
For starters, we don’t raise capital from general public. We don’t have any public offerings. Capital for all our acquisitions is solely provided by a select number of Accredited Equity Partners that are carefully scrutinized and are expected to have a net worth of at least $100 Million with ready cash liquidity of $10 Million at any given time. At present, we have SIX Accredited Equity Partners in the United States and abroad.
PARTNERSHIP OPPORTUNITIES
We are always seeking new equity partnership opportunities within the Continental United States and abroad. The criteria has been mentioned above. To explore the partnership opportunities further, we encourage you to contact us for a private discussion to see if this opportunity is right for both of us.
UPCOMING PROJECTS
At present, we are working on three highly lucrative projects in Sun Valley, Idaho, Jackson Hole, Wyoming and Coos Bay, Oregon. We are bullish on Pacific Northwest, however we are planning to expand to Dakotas in 2025. We are always searching for new opportunities.
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