THE FOUNDERS · MMXXVI
Michael Rand and Michael Raben. Two operators who walk every investor from A to Z — together. Same seat at the table as you.
Michael Rand · Founder & Principal
A U.S. Air Force veteran whose service was spent protecting priority level-one assets, Michael brings the operational discipline of that work to every property he underwrites. The habits that keep a perimeter secure — patience, preparation, refusal to skip a step — are the same habits that keep a portfolio alive.
A licensed real estate professional and licensed home inspector across South Florida and Ohio, he walks every property himself — underwriting not just the numbers, but the building. He spent years on the origination side of the market watching where disciplined operators found their edge, then co-founded Next Play Capital to bring that discipline to a private book.
He sources, underwrites, and operates every deal alongside Michael Raben. Same seat. Same capital. Same outcomes.
A top-producing realtor who has walked investors from A to Z across every type of real estate play — from first-home buyers to portfolio-scale operators, from ground-up new construction to short-term rentals to commercial value-add. If an investor has done it, he has helped someone do it.
Michael partners with Michael Rand on every deal — sourcing, underwriting, operating, hand in hand. Same seat. Same capital. Same outcomes.
Most investment firms are committees. A founder sources, an analyst underwrites, an asset manager operates, an IR person talks to LPs. Each handoff introduces distance between the investor and the deal. Each one adds fees.
We are two. Every property is sourced, underwritten, and operated by one of us — and then reviewed, challenged, and approved by the other. Every investor hears from one of us directly, every time. No committee. No layer of introduction.
It is the way private real estate used to be run, before the industry forgot why. And it is the reason our investors know exactly whose decision it was — and exactly whose capital is next to theirs.