Our Core Focus: Institutional Expertise in Luxury Real Estate

 

DRluxuryhomes is a strategic real estate investment partnership specializing in the acquisition, enhancement, and repositioning of multi-million-dollar residential properties. Our strength lies in our unique suitability for transactions demanding complex capital structures, including Seller Financing.

We offer an institutional-grade counterparty, combining deep global finance expertise with proven, on-the-ground development execution across the U.S. and select international luxury markets.

 

The DR Luxury Advantage

 

We are equipped to handle high-stakes transactions that other buyer groups cannot, offering:

• Financial Reliability: A history of navigating complex capital stacks (senior debt, structured equity) ensures we are a stable and trusted partner for lenders and vendors carrying financing.

• Disciplined Underwriting: We view every asset through a rigorous financial lens, ensuring sound risk management and long-term value creation.

• Execution Mastery: Our in-house development and management expertise allows us to flawlessly execute the enhancement strategy required to maximize the asset's underlying value.

 

Our Leadership: The Dual Power of the Partnership

 

 

Richard Provost: Capital & Structured Finance

 

Richard brings nearly three decades of experience in institutional lending and structured real estate finance, with past roles at Wells Fargo Private Bank and Deutsche Private Bank. He has structured financing for high-profile, five-star resorts globally, including Ritz-Carlton Maui and CityCenter MGM Las Vegas. His role centers on capital sourcing, deal structuring, and aligning transactions with institutional, private, and vendor lender expectations.

 

Stephen (Steve) Ruggiero: Development & Execution

 

Steve is an award-winning operator and developer, leading one of Canada’s largest custom homebuilders (Kimberley Development Group) with extensive expertise in high-end residential project management. Recognized as a seven-time Builder of the Year, Steve oversees the acquisition strategy, development opportunities, and the on-the-ground execution required to enhance the underlying value of each asset. He currently has 30+ custom homes under construction and significant operational capacity.

 

Proven Track Record

 

The partners’ combined portfolio demonstrates a track record of success in significant, complex acquisitions:

• Over 300 property transactions and sales globally over 25 years.

• Involvement in the acquisition of StoneGate Ski Resort (Big White, BC).

• Ownership interests in luxury properties including 210 North Kalaheo Ave, Kailua, Hawaii ($38M) and 1520 Tiehack Road, Aspen, Colorado ($10M).

• Active ownership/partnership interests across multiple US and Canadian markets.