Khanda Capital

Khanda CapitalKhanda CapitalKhanda Capital

Khanda Capital

Khanda CapitalKhanda CapitalKhanda Capital
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Founders and Leaders

Amir Khan, CFA

Ronak Khichadia

Amir Khan, CFA

Managing Member/Partner


 Amir brings structuring, business and investment management experience. At Khanda, Amir's focus is on deal negotiations, structuring, pricing and modeling. Amir also seconds Rick and helps oversee project designs and design teams, entitlement and construction management of Khanda’s assets. 


From 2016 to 2022 he was a Direct Lender to institutional CRE projects requiring Construction and Bridge financing, and focused on underwriting, portfolio management and structuring functions. From 2011 to 2016 he was the Founder and President of R3 Management - a self and family-funded distressed real estate investment firm. 


Prior to R3, Amir was Partner and Portfolio Manager at 3V Capital Management, a billion- dollar distressed credit hedge fund where he managed all the ABS, MBS and Aircraft portfolios. Amir was the COO and Global Head of Sales and Trading at Libertas Partners (the precursor to Knight Fixed Income) from 2004-2007 and DebtTraders from 2001-2004. At these firms, Amir built out highly successful global sales and trading businesses in areas such as Aircraft backed securities, Distressed corporate debt, Emerging Markets Debt and High Yield Bonds. Amir was a trader focused on Emerging Markets at Goldman Sachs, NY, Merrill Lynch, HK and at UBS, Singapore. Amir is a CFA charter-holder, with an MBA from University of Delhi and a B. Tech. in Chem Engg. from the IIT​ ​Delhi,​ ​India.

Rick Beasley

Ronak Khichadia

Amir Khan, CFA

Managing Member/Partner


Rick is the Director of Development

Activities at Khanda. He is actively involved with the project designs,

entitlement and construction management of the Khanda’s assets. He is responsible for overseeing design

teams, shepherding the projects through jurisdictional agencies, supervision of construction drawings,

preparation of construction budgets and schedules and providing the on-site construction management of

sitework and building improvements required to produce a finished, occupied asset.


Rick is also the President of

Summerset Senior Communities (“Summerset”). Summerset

develops and operates assisted living and memory care facilities in California and Nevada.


Beasley is a licensed Professional Civil Engineer in California with a background in business management,

development, land planning, design and construction management. Over the last 38 years, Beasley has

designed and overseen the successful development and construction of thousands of units throughout

California and Nevada. These units include multi-family projects, senior multi-family communities, along

with single family residential developments and commercial centers.

Prior to joining Khanda and forming Summerset, Beasley had worked as a Civil Engineer and Construction

Manager to a number of large development and building companies. The companies included Lennar

Homes, Beazer Homes, Kaufman & Broad, Reynen & Bardis, Morrison Homes, Richland Properties and

Del Webb Communities. A representative sample of projects designed, managed or constructed by

Beasley are shown below:

 A $106 million Multi-Family and Residential development in West Sacramento, California

 A $167 million Mello-Roos infrastructure project in Roseville, California

 A $211 million Commercial and Retail center in Woodland, California

 A $2.4 billion Mello-Roos infrastructure and Residential development in Lincoln, California 

Ronak Khichadia

Ronak Khichadia

Jan C. Holtfreter

Managing Member/Partner


Ronak has deep experience in deal origination, trading and capital markets, including acquisitions, growth management and related activities. Ronak is focused on Deal Sourcing, Restructuring Advisory mandates and creating JV partnerships with financial investors for Khanda as well as Structuring, negotiating and managing all the financing for Khanda's projects. He seconds Amir in Deal negotiations and in pricing and structuring transactions. From 2017 to 2022 Ronak was in partnership with Amir and focused on Origination of CRE project financing opportunities. From 2012 to 2016, Ronak was a co-founder and CIO at GRK Partners, a mortgage-backed securities hedge fund. From 2007 to 2011, Mr. Khichadia served as the Global Head of Mortgage-Backed Securities and Asset-Backed Securities at Knight, having played a critical role in the acquisition of Libertas by Knight. Ronak also spearheaded the acquisition of Urban Financial, a reverse mortgage originator, and grew it into the single most profitable component of Knight’s fixed income business (in 2013, Urban was sold at a significant profit, to Blackstone Group). Prior to joining Libertas, Khichadia worked at both buy-side and sell-side firms and received a B.S. in Economics​ ​and​ ​Accounting​ ​from​ ​Norwich​ ​University​ ​Military​ ​College​ ​in​ ​1998. 

Jan C. Holtfreter

Jan C. Holtfreter

Jan C. Holtfreter

Head of Construction  


Jan is the Head of Khanda’s Construction Division. Jan is actively involved with the construction management of the Khanda’s assets and for 3rd party contracts. He is responsible for overseeing design teams, shepherding the projects through jurisdictional agencies, supervision of construction drawings, preparation of construction budgets and schedules and providing the on-site construction management of sitework and building improvements required to produce a finished, occupied asset.


Hardik Shah

Jan C. Holtfreter

Hardik Shah

Head of Investor Relations  


Hardik is an experienced real estate investment professional with expertise in investor relations, operations, accounting, and legal coordination. He is responsible for all these activities at Khanda. In addition, he manages all relationships with 3rd party operational service providers such as lawyers, title companies, accountants and oversees all administrative activities. Hardik has verifiable experience in supporting capital raising, managing investor communications, and delivering transparent financial reporting.

He oversees operations, budgeting, compliance, and coordinating legal documentation and regulatory requirements to drive efficient execution from acquisition through asset management.

Board of Advisors

Rick Detore

Rick Detore

Rick Detore

Advisor


Rick is a serial entrepreneur, board member and founder of several companies. Mr. Detore has 30 years’ experience creating complex technical solutions for US government and the commercial sectors. He has designed, developed, and implemented critical components, both software and hardware, in support of sensitive, mission critical operations worldwide and has held National Security Clearances. Additionally, he was president and COO of several other high-tech companies which included in part: (1990 through 1997 President of Alliance Avionics, LLC. / Alliance AirCare, LLC; 1997-2000 COO of Aerospace Group; and from 2000-2005 EVP of Galaxy Scientific Corp; 2000-2005 EVP of Galaxy Litebeams; 2005-2007 COO of Galaxy Technology, LLC; 2007-2010 COO of Prime Image, Inc.; and 2011-2016 CEO of GreenTec-USA, Inc.), Mr. Detore led the development of many new products and joint ventures with fortune 500 companies. He launched and closed final negotiations on a $100+ million business sale to a publicly traded company: SRA International, Inc. Mr. Detore has served as an expert adviser to the US Congress, and as a member of a joint Federal Aviation Administration, Arizona State University panel on aviation safety. He is a member of Air Line Pilots Association, Aircraft Owners and Pilot’s Association, Aircraft Electronics Association, and Experimental Aircraft Association. He holds advanced accreditation in aviation and aerospace sciences and has numerous upper-level flight credentials to his name. He holds a number of patents in the high tech area.

Tim Hodges

Rick Detore

Rick Detore

Advisor


Mr. Hodges has over 25 years facility level to C-Suite experience in skilled nursing, assisted living, memory care, home care, and hospice with both publicly traded and private for-profit health care providers. Tim has held positions ranging from Sr. VP of Operations to Chief Marketing Officer. He started in the industry in the early 90's as an Admission Director / Assistant Administrator in a SNF with an Independent Living Unit facility. Tim has opened over 25 purpose built senior living properties in the northeast with average occupancy stabilization (92% occupancy) in a year or less. Amongst his accomplishments, he has successfully overseen operations and marketing of over 60 senior living (ALF, IL and MC), skilled nursing and post-acute care centers in New Jersey, Maryland, Connecticut, Massachusetts, Virginia, Pennsylvania and Maryland for over 25 years. Tim was responsible for a portfolio with annual revenue in excess of $1 Billion.


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