Since 2011, the principals of IPIRG, Rick Gelmetti and Ken Weiner have been working together to purchase multifamily properties in Phoenix. Each partner has been in commercial real estate for 35+ years. Their investment groups have purchased 16 separate properties and sold 9 of them, leaving an active portfolio of 7 properties. Their track record shows returns averaging 25.6% IRR. The IPIRG management team will focus on multi-family properties in the central core of urban areas, primarily marketing to working families and young professionals.