Track Record

Track record built through value-add execution.

Rafik Moore and Brait Capital have spent over two decades acquiring, improving, and operating commercial real estate assets across the U.S.

$321M+
Assets Under Management
70+
CRE Assets
4M+
Square Feet
27%
Historical Average IRR
21+
Years in Real Estate
Timeline

Two decades of value-add execution

  1. 2003

    Rafik begins his real estate investment journey.

  2. 2008

    Royal Commercial Capital evolves around commercial real estate finance.

  3. 2009

    Specialized management and investment divisions form around single-family and multifamily.

  4. 2012

    Commercial real estate investments expand with office warehouse assets.

  5. 2014

    First retail asset enters the portfolio.

  6. 2015

    Caspian Group is established around brokerage and commercial property management.

  7. 2022

    Brait Capital brand is formed around value-add real estate investing.

  8. Today

    $321M+ AUM and 70+ CRE assets across the United States.

Active Holdings

Currently owned and operated

Milwaukee Tech Center — 7400 Florist Ave W, Milwaukee, WI 53218ActiveIndustrial

Milwaukee Tech Center

7400 Florist Ave W, Milwaukee, WI 53218
Size165,000 sq. ft.
Purchase
$4,500,000
Linden Plaza — 2042-2144 East Grand Ave, Lindenhurst, ILActiveRetail

Linden Plaza

2042-2144 East Grand Ave, Lindenhurst, IL
Size83,099 sq. ft.
Purchase
$4,000,000
Kennebec Industrial — 3600 Kennebec Dr, Eagan, MN 55122ActiveOffice

Kennebec Industrial

3600 Kennebec Dr, Eagan, MN 55122
Size57,496 sq. ft.
Purchase
$2,000,000
Edina Court — 7401 Bush Lake Rd, Edina, MN 55439ActiveOffice

Edina Court

7401 Bush Lake Rd, Edina, MN 55439
Size56,000 sq. ft.
Purchase
$1,800,000
Welcome Square — 6301 Welcome Ave N, Minneapolis, MN 55429ActiveIndustrial

Welcome Square

6301 Welcome Ave N, Minneapolis, MN 55429
Size47,000 sq. ft.
Purchase
$2,850,000
Second Street Business Center — 2800 2nd Street North, Minneapolis, MN 55411ActiveIndustrial

Second Street Business Center

2800 2nd Street North, Minneapolis, MN 55411
Size153,000 sq. ft.
Purchase
$8,300,000
Olympic Plaza — 2914 London Rd, Eau Claire, WI 54701ActiveRetail

Olympic Plaza

2914 London Rd, Eau Claire, WI 54701
Size72,212 sq. ft.
Purchase
$2,500,000
Princeton Mall — 116 N Rum River Dr, Princeton, MN 55371ActiveRetail

Princeton Mall

116 N Rum River Dr, Princeton, MN 55371
Size43,300 sq. ft.
Purchase
$1,000,000
Hubbard Industrial — 2231 Hubbard Ave, Decatur, IL 62526ActiveIndustrial

Hubbard Industrial

2231 Hubbard Ave, Decatur, IL 62526
Size63,000 sq. ft.
Purchase
$2,465,000
Sunset Plaza — 2910-2982 Court St, Pekin, IL 61554ActiveRetail

Sunset Plaza

2910-2982 Court St, Pekin, IL 61554
Size65,354 sq. ft.
Purchase
$2,200,000
Decatur Industrial Park — 3463 Rupp Parkway, Decatur, IL 62526ActiveFlex

Decatur Industrial Park

3463 Rupp Parkway, Decatur, IL 62526
Size198,500 sq. ft.
Purchase
$4,700,000
Thunder Bay Plaza — 1-49 Little Canada Rd E, Little Canada, MN 55114ActiveRetail

Thunder Bay Plaza

1-49 Little Canada Rd E, Little Canada, MN 55114
Size25,000 sq. ft.
Purchase
$1,700,000
Selected sold deals

Sample of completed transactions

Monticello Retail Center — 500 Cedar St, Monticello, MN 55362SoldRetail

Monticello Retail Center

500 Cedar St, Monticello, MN 55362
Size27,876 sq. ft.
Purchase
$800,000
Sold
$3,304,000
Grand Industrial — 9124 Grand Ave S, Bloomington, MN 55420SoldIndustrial

Grand Industrial

9124 Grand Ave S, Bloomington, MN 55420
Size31,153 sq. ft.
Purchase
$1,400,000
Sold
$2,800,000
34 Plaza — 5406 S 34th Ave, Minneapolis, MN 55417SoldRetail

34 Plaza

5406 S 34th Ave, Minneapolis, MN 55417
Size18,577 sq. ft.
Purchase
$900,000
Sold
$1,600,000
Cliff Industrial — 1051 Cliff Rd E, Burnsville, MN 55337SoldIndustrial

Cliff Industrial

1051 Cliff Rd E, Burnsville, MN 55337
Size18,000 sq. ft.
Purchase
$1,175,000
Sold
$1,800,000
Oakland Industrial — 2837 Oakland Ave, Minneapolis, MN 55407SoldIndustrial

Oakland Industrial

2837 Oakland Ave, Minneapolis, MN 55407
Size18,826 sq. ft.
Purchase
$1,000,000
Sold
$1,450,000
Xerxes Plaza — 8400 Xerxes Ave N, Minneapolis, MN 55444SoldRetail

Xerxes Plaza

8400 Xerxes Ave N, Minneapolis, MN 55444
Size22,400 sq. ft.
Purchase
$1,450,000
Sold
$2,060,000
Lessons learned

Discipline compounds

The properties that perform best over time tend to share a few traits: a clear plan when the asset is acquired, conservative assumptions on income and expenses, capital structure that fits the business plan, and a team that does the work after closing. Rafik's track record reflects that discipline, not market timing.