About

A Georgia operating platform, not a fund manager.

ARGO is a Georgia-focused real estate investment and operating platform headquartered in Buckhead, Atlanta. Founded in 2023 by three principals to build, own, and operate a vertically integrated multifamily and single-family portfolio across the secondary markets surrounding the Atlanta metro region.

ARGO is the principal-equity joint venture inside a broader operating group that also includes a sister rental platform and Civitas, the outside-capital vehicle through which institutional and accredited investors participate in select acquisitions.

Mission

ARGO exists to make cities, communities, neighborhoods, and properties better — so the people who live in them can build healthier, safer, and more fulfilling lives. The economic returns to investors and to the platform follow the community-first approach.

Operating principles
01

Buy for today's cash flow

Underwriting is anchored to what a property can produce in its current condition under conservative rent and expense assumptions — not to speculative appreciation.

02

Stress-test every input

Every assumption in a model is independently evaluated for conservatism before it is allowed into a decision.

03

Hedge proactively

The deals that win are the ones where optionality is preserved and risk is reduced as conditions change.

04

Every party benefits

Tenants, buyers, investors, lenders, vendors, and partners are all expected to come out of an ARGO deal better than they started.

Vertical integration

The full deal lifecycle, in-house.

ARGO operates a vertically integrated deal lifecycle: acquisition, construction management, lease-up or sale, and refinance or exit.

Core service relationships — general contractor, HVAC and trade subcontractors, property management, title, and legal — are long-standing and operate as extensions of the platform rather than arms-length vendors. This integration reduces execution risk, compresses timelines, and protects margin.

Capital structure

A disciplined three-layer stack.

Principal equity and recourse signatures sit in every deal alongside outside capital. ARGO does not raise blind-pool funds; capital is raised and deployed on a deal-by-deal basis with full underwriting transparency to investors.

01

Principal equity

Equity from ARGO's three founding principals, including signed personal recourse on each project's senior debt.

02

Outside investor equity

Institutional and accredited LP capital sourced through Civitas, the platform's outside-capital vehicle, on deals that call for it.

03

Senior debt

A curated set of bridge, construction, and permanent lenders matched to the business line and the asset's lifecycle stage.

Leadership

Three equal partners. Each principal owns a defined operational lane. Decision rights, capital deployment, and recourse exposure are aligned across the three.

Patrick Denny
Finance & Capital Principal

Responsible for underwriting, capital structure, investor relations, and platform-level financial discipline. Managing Partner of Decar Group with over $4.10B in debt financing arranged, $12B portfolio separation experience, and 31 CMBS deals totaling $28B underwritten.

John Brunstad
Acquisitions & Construction Principal

Responsible for deal sourcing, contractor and subcontractor management, and property-manager relationships. Co-owner of Vicinia Partners, managing 80 properties across Griffin, Georgia, with deep specialization in value-add renovations.

Bill Brunstad
Legal & Entity Principal

Responsible for title work, deal closings, entity formation, and the legal infrastructure of the platform. 40+ years of legal and business expertise, previously on the executive committee at McCullough Sherrill, LLP and a senior partner at Seyfarth Shaw.