David Drumheller is the principal of JDM Ventures, a multidimensional New York real estate operations/management consulting firm serving multifamily property investment clients across the Greater New York area. With 12 years of experience in the multifamily real estate space and boundless passion for the field, David has set his sights on serving clients through his own company to meet the growing demand by multifamily owner-operators for assistance with strategic real estate acquisitions, fundraising, deal execution, and operations.
The decision to launch his entrepreneurial venture was born from the insight and experience gained at each position he held as he worked his way up the ranks of the real estate industry, acquiring a deep understanding of client needs and the complexities of various facets of the business. However, David's journey to the top was a relatively short one, driven by his unique blend of executive skills and the ability to assume multiple roles to make sure the business runs smoothly.
David began his career in 2008, as a property manager for a large multifamily investment firm that purchased distressed assets and through doggedness and a healthy balance sheet, improved and preserved these assets for the existing resident core for many years to come. His unique combination of determination, real estate shrewdness, and an innate skill for strategic analysis launched him quickly to the role of director of operations, where he oversaw a team of 10 property managers and a portfolio of 3,000 plus units.
In 2017, David decided to take on a new challenge and joined Fairstead/GFB Management as the Director of Operations & Property Management. At Fairstead, he assumed the responsibility of building a management infrastructure from scratch, as they previously outsourced all of their property management. In this hybrid role of director of operations and property management, David successfully implemented new systems and technology while building and managing a team of 40 people. Nevertheless, this would prove to be one of the most formidable roles of his career and one in which his combination of skill and grit would shine.
As David explains, “This was one of the most challenging positions, initially, because I was thrown into a role that did not previously exist, and guidance was lacking. It was either sink or swim. I succeeded through perseverance and humility."
After more than a decade in an impressive career, David decided to leave the world of C-suite employee to spend more time with his kids, focus on building his own company, and devote more time to other responsibilities, such as his role on the board of Boys & Girls Club of Northern Westchester and his passion for supporting other causes such as the ASPCA.
As he cultivates his emerging business venture, David shares this: “I’ve always consulted, for the last eight years, for multifamily owner-operators, whether they’re new to business or want to know more of the nuances, and I will continue to do so indefinitely. While simultaneously venturing into many other projects and industries."
32 Agnew Farm Road, Armonk, NY 10504