About Apperson Way Capital

A long-term view of housing, value, and place.

Apperson Way Capital is a real estate investment firm focused on housing markets where affordability, community need, and investment opportunity intersect.

Institutional discipline. Local execution.

Apperson Way Capital combines institutional real estate and finance experience with hands-on acquisition, construction, valuation, and local operational capabilities.

Professional headshot of Tim Arick, Founder and Principal

Founder & Principal

Tim Arick

Senior leader of Apperson Way Capital, bringing 40 years of real estate and finance experience across banking and structured finance, impact-driven capital, underwriting, valuation, acquisitions, development, and residential execution.

Read more

With deep Northern Indiana roots, Tim focuses on applying institutional discipline to overlooked workforce housing markets.

Professional headshot of Stephen Faux

Acquisitions

Stephen Faux

Sources and evaluates workforce housing opportunities aligned with a disciplined acquisition strategy, ensuring investments meet rigorous underwriting standards.

Professional headshot of Casey Arick

Project Execution & Construction

Casey Arick

Leads project execution and value-add initiatives with a focus on cost control and capital preservation throughout development and rehabilitation.

Professional headshot of Mark Dlug

Valuation

Mark Dlug

Brings 25+ years of residential valuation expertise in Indiana, supporting disciplined pricing and risk-aware acquisitions across portfolio investments.

Professional headshot of Beth Dlug

Operations & Process Management

Beth Dlug

Northern Indiana native with a long career in local government, providing operational structure, IT-driven systems, and strong local network support across projects.

Relationships that support the work.

Trusted relationships with contractors, vendors, property managers, and local service providers support execution across our target markets.

Built for the work behind the thesis.

We focus on the purchase basis and downside before projecting upside. Each opportunity is evaluated through the realities of the asset, the market, and the work required to operate it well.

Our approach is grounded in local market knowledge, disciplined underwriting, and hands-on execution from acquisition through long-term ownership.

A measured, practical investment philosophy.

01

Disciplined acquisition

We begin with a clear view of purchase basis, property condition, and downside risk.

02

Hands-on execution

We stay close to the work of rehabilitation, development, stabilization, and operations.

03

Long-term alignment

We invest with a patient ownership perspective and an emphasis on durable outcomes.

Residential neighborhood representing attainable Midwest housing

Housing that supports the everyday economy.

Growing and underserved Midwest communities need quality, attainable housing for the people who keep local economies moving.

We seek to create durable value for investors while improving the housing stock of the communities in which we invest.

Connect

Learn more about Apperson Way Capital.

Connect with our team to learn more about Apperson Way Capital and our long-term approach to workforce housing.

Connect With Us
Apperson Way Capital

A disciplined, long-term approach to workforce housing across Indiana and the Midwest.

Apperson Way Capital | © 2026 Apperson Way Capital. All Rights Reserved.