Approach Intelligence Strategy Philosophy Research Team Investor Inquiry
e= 2.71828182845...
Dallas, Texas

Where Conviction
Meets Precision.

272 Holdings is a commercial real estate private equity firm built on cycle discipline — knowing when to deploy, when to exit, and when the most valuable thing we can do with capital is protect it.

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Flagship Fund · Target
$600M+
Qualified Institutional Investors · By Introduction Only
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Our Approach
01

Informed Capital.
Decisive Action.

Most commercial real estate firms pick markets based on headlines. They see a city trending, allocate capital, and compete with everyone else chasing the same thesis at the same time. That's not how we operate.

At 272 Holdings, every allocation decision is preceded by a rigorous macro intelligence process. We deploy capital where our proprietary data platform signals that macro market conditions align with what we're seeing at the individual asset level — and we move before the consensus catches up.

The result is a portfolio built on informed conviction, not popular opinion — one that has consistently demonstrated the ability to identify entry points, execute with discipline, and exit at the right moment.

01
Data Before Conviction
No allocation is made on instinct alone. Every target market is evaluated through our proprietary intelligence platform before capital is committed — scoring macro indicators, supply/demand dynamics, and capital flow signals to identify where the real opportunity exists.
02
Entry is Everything
We are obsessive about basis. A great asset at the wrong price is a bad investment. Our underwriting methodology stress-tests every deal against conservative base cases — deals must work on day-one economics without relying on market tailwinds to bail out the thesis.
03
Relationship-Driven Deal Flow
The best deals don't come from listing services. They come from relationships built over years with operators, brokers, and capital partners who bring opportunities before they're widely known. We operate as a relationship aggregator across best-in-class operating partners in every market we target.
04
Know When to Stay Out
Discipline means saying no as often as yes. When our platform signals deteriorating macro conditions or a market approaching overextension, we reduce exposure — often well ahead of consensus recognition. This has been as important to our track record as knowing when to get in.
Proprietary Intelligence
02

The 272 Market
Intelligence Platform

We built something most CRE firms don't have: a proprietary, AI-driven market intelligence platform that continuously scores and ranks commercial real estate markets across dozens of weighted macro indicators — giving us a systematic edge in knowing where to deploy capital and when to pull back.

272 Market Intelligence Platform — Signal Output
Illustrative · Actual Output Proprietary
Deploy Signal
Elevated Watch
Active Monitor
Deploy
Market A
Deploy
Market B
Watch
Market C
Monitor
Market D
Watch
Market E
Monitor
Market F
Monitor
Market G
Monitor
Market H
Monitor
Market I
Monitor
Market J
Monitor
Market K
Monitor
Market L
Illustrative representation only — actual signal output, market identities, and scoring methodology are proprietary and confidential
// 01
Macro Signal Scoring
We continuously score markets across weighted macro indicators — population growth, employment diversification, supply pipeline, capital flow trends, rent growth trajectories, and distressed seller activity — producing a dynamic signal ranking that updates as conditions evolve.
Proprietary
// 02
Deal-Level Underwriting Engine
Individual deals are stress-tested across base, conservative, and upside scenarios with hard minimum thresholds on every key metric. If the deal doesn't work in our base case without underwriting rent growth or cap rate compression, it doesn't get done.
Proprietary
// 03
Cycle Awareness Engine
The platform doesn't just tell us where to invest — it tells us when to slow down. By tracking leading indicators across credit markets, construction activity, and institutional capital flows, we identify market cycle inflection points early enough to act, not react.
Proprietary
Investment Strategy
03
What We Buy

Opportunistic by Nature.
Disciplined by Design.

We allocate across commercial real estate where our underwriting, operator network, and market intelligence give us an identifiable edge. Our core focus areas reflect where we have the deepest conviction and relationships today — but we are not structurally constrained.

When our platform identifies compelling risk-adjusted returns in adjacent sectors, we have the flexibility and expertise to act. Asset class selection follows market signal — not the other way around.

272 Underwriting Discipline Screen
Going-In Cap RateMinimum Threshold ✓
Debt Service CoverageStress-Tested ✓
Day-One Cash-on-CashRequired ✓
Stressed Scenario IRRHard Floor ✓
Specific thresholds shared with qualified LPs only
CORE
Multifamily
Value-add repositioning of institutional-quality apartment communities in high-growth suburban submarkets. We buy occupancy, buy proven demand, and execute capital programs that compress cap rates on exit. Built on the conviction that housing supply deficits in our target markets are structural — not cyclical.
Value-Add
CORE
Industrial
Last-mile logistics, small-bay industrial, and light manufacturing serving the distribution infrastructure of high-growth metros. Industrial demand is driven by structural tailwinds — e-commerce, nearshoring, supply chain diversification — that operate independently of the rate cycle. We target infill locations where new supply is physically constrained.
Core-Plus / Value-Add
CORE
Class A Office
Selective acquisition of suburban Class A office product in markets where flight-to-quality dynamics are creating sustained demand at pricing well below replacement cost. Strong day-one cash flow at a steep discount to replacement cost — not a contrarian bet, but a data-driven one, made only when our platform signals the specific market conditions that justify it.
Cash Flow / Value-Add
TACTICAL
Hospitality
Branded hotel investments through experienced operating sponsor partnerships, structured to optimize our risk-adjusted position in the capital stack. We do not invest in hospitality without an operating partner with deep brand relationships and a proven track record of value creation.
Opportunistic
TACTICAL
Necessity Retail
Grocery-anchored neighborhood centers and daily-needs retail strips generating recession-resistant income with long weighted average lease terms and institutional-credit tenancy. These assets are systematically mispriced by a market that conflates e-commerce disruption with necessity-based formats. We see that as opportunity.
Income-Focused
TACTICAL
Credit & Special Situations
Mezzanine loan acquisitions and distressed debt at discount to par, targeting current-pay yield with embedded equity optionality. When credit markets are dislocated, we buy the debt. When the math works, we convert to ownership. This flexibility allows us to capture returns across the capital structure — not just the equity.
Opportunistic
The Philosophy of 272
04
e≈ 2.71828...

The Mathematics
of Compounding

272 Holdings takes its name from Euler's number — e ≈ 2.72 — the mathematical constant that governs continuous compounding growth. It's not a coincidence. It's a declaration of how we think about building value.

In mathematics, e describes what happens when growth is continuously reinvested — it doesn't add, it multiplies. The same principle governs how we build the 272 platform: disciplined capital, compounding relationships, and an intelligence advantage that deepens with every deal.

In CapitalDisciplined reinvestment and compounding returns outperform episodic capital chasing cycles every time.
In IntelligenceOur data platform compounds with every market cycle — each signal we track makes the next decision sharper.
In RelationshipsTrust built over years with operators, brokers, and partners compounds into preferential deal access that cannot be replicated by capital alone.
Track Record
05

Three Ways to
Be Right.

Most investors are measured on when they got in. The 272 track record is defined by something harder — a consistent ability to be right at every stage of the cycle: entering at the right moment, maximizing returns through disciplined hold, and exiting with precision before the market turned.

In
Getting In
We have a demonstrated history of identifying entry points before they become consensus — acquiring assets in markets with strong fundamental signals at prices others weren't willing to pay because they hadn't done the same analysis. Off-market sourcing, relationship-driven access, and disciplined underwriting at the basis level.
Out
Getting Out
Knowing when to exit is a skill that most capital allocators significantly underweight. We have exited investments at the right moment — capturing returns that materialized well above underwritten targets — by maintaining the same data rigor on disposition timing that we apply to acquisition.
Avoid
Staying Out
The third edge — and arguably the most overlooked — is the discipline to not invest when the signals say don't. We have avoided markets and asset classes at precisely the right moments, preserving capital and positioning for the next cycle while others absorbed the losses. Our platform made those calls early.
Flagship Fund
272 Holdings Fund I

272 Holdings is selectively accepting LP commitments for its flagship institutional fund — designed to capitalize on what we believe is one of the most compelling commercial real estate entry points in a decade. Built on the same investment discipline, market intelligence platform, and operator relationships that define our track record. Serious institutional inquiries are welcome.

Fund Target
$600M+
Institutional · Qualified Investors Only
Research & Intelligence
06

Market Intelligence,
Published.

272 Holdings produces proprietary market intelligence reports that distill our platform's data-driven insights into actionable analysis. These reports reflect the same rigorous, cycle-aware methodology we apply to every investment decision — now available to qualified investors and industry participants.

Q1 2026
Dallas–Fort Worth Commercial Real Estate Market Analysis
A comprehensive assessment of DFW's commercial real estate market across all major asset classes — evaluating macro fundamentals, supply-demand dynamics, capital market conditions, and sector-specific opportunities for institutional deployment.
Subscribe to 272 Intelligence

Receive our market research and intelligence reports directly.

We respect your privacy. Reports are distributed to qualified investors and industry participants only.

Leadership
07
KN
Founder · GP · Managing Member
Founder & Managing Member
Kramer
Nelson
Founder, GP & Managing Member — 272 Holdings

Kramer Nelson is the Founder, GP, and Managing Member of 272 Holdings. A seasoned investor and dealmaker, Kramer has spent his career at the intersection of commercial real estate, private equity, and institutional capital markets — executing transactions across multiple asset classes and market cycles.

What defines Kramer's track record is not just the returns generated, but the consistency of timing — a demonstrated ability to identify the right entry points, execute with discipline through the hold period, and exit at moments of maximum value before the market shifted. That pattern — across both investments made and markets deliberately avoided — is the foundation on which 272 Holdings is built.

Prior to founding 272 Holdings, Kramer co-founded Delos Capital Advisors and began his career at Highland Capital Management (now NexPoint Advisors, $16.5B AUM), one of the largest US alternative investment platforms, where he developed deep expertise across real estate investment, credit strategies, and institutional capital markets.

Current
272 Holdings — Founder, GP & Managing MemberDallas, TX · Commercial Real Estate Private Equity · Flagship Fund
Prior
Delos Capital Advisors — Co-FounderWealth management
Early
Highland Capital Management (now NexPoint Advisors)$16B+ AUM alternative investment platform · Real estate, credit strategies, and institutional capital markets
JM
RE Private Equity Analyst
Real Estate Private Equity Analyst
John
Moody
Real Estate Private Equity Analyst — 272 Holdings

John Moody is a Real Estate Private Equity Analyst at 272 Holdings LLC. He earned his BBA in Accounting from the University of Louisiana Lafayette B.I. Moody III College of Business, as well as his Master of Science in Finance degree from the SMU Cox School of Business. His previous work experience includes a Private Equity Analyst Internship at Acadian Capital Group, where he analyzed over 100 deals which translated to over $300MM in deployed capital across real estate, oil & gas, SaaS, industrials, and more.

He also worked as a Summer Analyst at Spero Management, a family office where he assisted in development and built a five-year operating budget for a successful start-up. Furthermore, he participated as a Research Analyst for both the SMU Cox School of Business and the B.I. Moody III College of Business.

John grew up in a business-oriented family, which allowed him to gain informal experience in deal formation, due diligence, and business problem-solving. This foundation led him to launch JBM Ventures LLC in 2021, where he has had 3 successful exits in healthcare and real estate. He is committed to taking the lessons learned through these experiences and apply them towards the growth and success of 272 Holdings.

Current
272 Holdings — RE Private Equity AnalystDallas, TX · Commercial Real Estate Private Equity
Prior
Acadian Capital Group — PE Analyst Intern100+ deals analyzed · $300MM+ deployed capital
Education
SMU Cox School of Business — MS FinanceULL B.I. Moody III College of Business — BBA Accounting
RP
RE PE Analyst
Real Estate Private Equity Analyst
Reiss
Plauché
Real Estate Private Equity Analyst — 272 Holdings

Reiss Plauché is a Real Estate Private Equity Analyst at 272 Holdings, based in Dallas, TX. He earned his Master of Science in Finance from the SMU Cox School of Business, where he was a Merit Scholarship recipient, as well as his Bachelor of Science in Finance and Economics from the University of Alabama Honors College, Culverhouse College of Business, graduating with honors as a President's List and Dean's List recipient.

His previous experience includes an M&A Analyst role at Seiler Tucker, a boutique advisory firm based in New Orleans, where he supported more than five sell-side transactions representing over $100M in total transaction value across industries including Industrial Services, Insurance, and E-Learning. In this role, he built fully integrated financial models, prepared Confidential Information Memorandums, managed data rooms, and coordinated end-to-end deal execution with legal teams and buyers. He also worked as an Equity Research Analyst Intern at Johnson Rice & Co., where he analyzed publicly traded energy companies with a focus on Exploration & Production.

Reiss grew up with a strong foundation in finance and business, which led him to pursue a career at the intersection of advisory and investment. He is committed to applying the transaction experience and analytical skills developed across his M&A and equity research background toward the growth and success of 272 Holdings.

Current
272 Holdings — RE PE AnalystDallas, TX · Commercial Real Estate Private Equity
Prior
Seiler Tucker — M&A Analyst5+ sell-side transactions · $100M+ total value
Prior
Johnson Rice & Co. — Equity Research Analyst InternE&P sector analysis · Publicly traded energy companies
Education
SMU Cox School of Business — MS Finance (Merit Scholar)University of Alabama Honors College — BS Finance & Economics
Investor Inquiries
08

The Conversation
Starts Here.

272 Holdings Fund I is open to qualified institutional investors, family offices, and sovereign wealth funds. If our approach resonates, we'd like to have a conversation. Fund materials and detailed track record are shared directly with serious prospective LPs.

Direct
+1 (214) 927-6875
Headquarters
Dallas, Texas

This is not an offer to sell securities. Fund materials provided to qualified institutional investors only under applicable securities law. 272 Holdings LLC · 272 GP HoldCo LLC · Dallas, Texas.