In the Press
Ricky Beliveau, owner of Volnay Capital, has been featured in numerous press outlets. Check each out below
Boston’s Next Generation of Developers: V10 Development
V10 Development brings exciting, place-making projects to under-appreciated communities. By working closely with local officials and residents, V10 understands what drives success and organizes the resources necessary to realize these dreams. In 2019, John Tocco and Ricky Beliveau formed this company to bring leading-edge development to untapped markets with significant potential. Since its founding, V10 Development has imagined, designed, entitled, and constructed signature projects that have become landmark features of their respective neighborhoods and spur tremendous spin-off development and investment.
The CRE Deal Room with Adam Dunn: Episode 7
“Pref. equity is everywhere […] And I was like why doesn’t this exist for the small guys? […] And so about a year ago me and t he head of Origin started doing it with our own capital and we kind of tested the market for a year and we were shocked with the demand”
The Cove development in Worcester has awarded $7.7M…
The project, undertaken by Boston developer V10 Development and Worcester’s Churchill James, had the 20% goal for contracts with women business enterprises and minority business enterprises set by the City of Worcester’s Responsible Employer and Inclusionary Participation Policy at the time, said Worcester Chief Development Officer Peter Dunn, speaking at the Worcester Redevelopment Authority’s June 8 meeting. However, the project does not benefit from a tax-increment exemption from the City, so it does not face penalties for the goals. […] When complete, the Cove will feature 171 residential units and 16,000 square feet of commercial space at 89 Green St. When construction began in November, V10 said the complex was slated to open in August 2024
Empowered Returns
“It just comes back to team. You can’t run all of the business and be 100% committed to any of them. You need to have people working on each one that allows me to step back and look at the big picture”
“You have Volnay Capital which builds condos and buys rentals. You have EVO Real Estate Group which sells and leases our product. We have the Management Company that manages our own and others as well as generates leads for EVO And now we have EVO Origin Funding which is actually able to invest capital into developers’ projects who list through EVO.”
Real Estate Addicts
It’s been about 3 years since we checked in with our good friend Ricky Beliveau and a lot has changed at Volnay Capital. We discuss the transition from smaller scale multi-family residential to developing much larger 100+ unit buildings and where we see the real estate market going.
Behind the Rise
On this episode of Behind The Rise, we welcome one of Boston’s biggest real estate developers, Ricky Beliveau. Ricky is the owner of Volnay Capital, Evo Boston, V10 Development, and Evo Origin Funding. At only 35, Ricky has built quite the real estate empire and the future is only brighter. He and his companies are set to build The Cove in Worcester which will come in at 300 units as well as SKY Everett which is set to be 385 units and will be the tallest residential building in Everett and the second-largest building in the city behind the $2.6 billion Encore Boston Harbor project. This episode is a masterclass when it comes to all things real estate and we hope you get a ton of value
Design Development
“Ricky's newest venture is Evo Origin Funding, a pre-equity investment shop. This business is aimed at helping real estate developers and entrepreneurs access the funding they need to bring their projects to life. With a team of experienced professionals, Evo Origin Funding provides customized funding solutions to meet the unique needs of each client.”
Is the Sky Just the Start?
“A single college course at Northeastern University got Ricky Beliveau hooked on real estate. By graduation, he already had a six-month plan to buy his first multifamily property. […]Six years later, he’s a partner with former Encore Boston Harbor head of government relations John Tocco in a company working to build the Sky Everett 21-story luxury apartment tower, a 230-unit apartment building next door called 128 Spring St. and 171-unit apartment building called The Cove overlooking the new Worcester Red Sox stadium.”
The Deal Scout - Land Entitlements with Ricky Beliveau
“We look at deals based on total ROI […] so on a development deal we’re looking for something we’re able to generate a 20% return”
#82 Real Estate Addicts - Ricky Beliveau, Volnay Capital + V10 Developments
“It’s been about 3 years since we checked in with our good friend Ricky Beliveau and a lot has changed at Volnay Capital. We discuss the transition from smaller scale multi-family residential to developing much larger 100+ unit buildings and where we see the real estate market going.”
VOLNAY CAPITAL … CHANGING THE GAME!
Volnay Capital is a real estate development firm in Boston that has now become a major player in the development landscape with over 1,000 units in development. We caught up with them last month about what they are currently working on and possible expansion to the west coast.
#14 - Ricky Beliveau, Stick and Bricks and Money of Real Estate
“I always recommend, if you’re going to invest in real estate […] my best real estate investments are in areas I know the most”
Episode 49 - Million Dollar House Hacks with Ricky Volnay
Ricky has an incredible story of how he started house hacking multi-family properties in Boston's Mission Hill neighborhood shortly after college.
Strega founder, Wynn exec propose 21-story Everett tower, restaurant - Boston Business Journal
The former owner of Strega has partnered with a former Wynn Resorts exec to build a 21-story residential tower in Everett that would include a top-floor restaurant with views of the Boston skyline.
The Multifamily Wealth Podcast #39
“If you live in an expensive market, this episode with Ricky Beliveau is a must-listen. Ricky shares how he used FHA loans to get started in the business and how it eventually built a large development business and buy and hold portfolio in Boston, MA. We talk about the importance of building "deal flow" vs. just finding deals, why relationships are so important, and how social media helped to grow his business. This is a great episode regardless if you're in the development business - we talk about core ideas that are constants across all niches/asset classes in real estate!”
The Get it Done Podcast; Episode 29
“Ricky Beliveau is a perfect example of hustle. He founded Volnay Capital while working full time in the corporate world. He was able to build his residential real estate portfolio with Volnay to be large enough to quit his job and work full time. Now he owns 4 real estate companies covering all sectors of real estate (ownership, development, brokerage, management). Ricky is a beast and if anyone wants to see how to run a business on social media check him out @VolnayCapital on Instagram.”
yahoo! News; Top Business Professionals to look out for in 2021
“Volnay has over 1,000 units in development which makes them one of the larger development companies in the United States. With more than $60 million in real estate assets, diversification among the real estate sector in developments, rental properties, property management and brokerage, Ricky has taken Volnay Capital to new heights”
REI Podcast; How to Become a Real Estate Developer
“Our guest today is Ricky Beliveau, a real estate investor with millions of dollars of assets and multiple development deals in Boston. In this episode, we talk about what it really means to be a developer, how to move from side-hustle investing to bigger development deals, and why a developer shouldn’t do construction. Learn more about Ricky and his journey at reiclarity.com”
Boston Magazine; Who’s who 2019
“Involved in all areas of real estate, Ricky Beliveau loves a good challenge, including the feeling of being green and having to find a solution to a problem. “When I was getting started in development, it was simple things,” he said. “Now with projects that are 100 units in size, I continuously don’t have the answers and am hunting for knowledge.”
The Real Estate Investing Experience; Episode 43
Scaling a Multifaceted Real Estate Business Step By Step with Ricky Beliveau, Volnay Capital
“When I look at something now, I’m doing a much deeper dive into if this is going to be the right purchase…I was just sort of winging it back [when I started out]. The key is to start to understand how to analyze a deal…that really is your first step”
“I always recommend that you should buy something that needs a cosmetic update to increase value on your first couple of deals. By saying that I mean paint, floors, kitchens, bathrooms. If you can stick to those types of renovations on your first deal or two you are going to get a lot more confidence when heading into the bigger projects.”
Real Estate Investing 365; Episode 042
“I think from a Real Estate perspective, we just need to weather the [COVID-19] storm and be prepared for when the good times come back…in 6-12 months we’ll be moving back up.”
“What we saw then [2010] was the rents continued to climb so the revenues that were coming into the properties were significantly higher…The property values were staying the same while rents climbed. And every year when rents continue to climb but the value of the property stays the same, the cap rate improves.”
Boston Voyager Magazine
"I am most proud of the steady growth of both the company and brand over the past 7 years. We have always emphasized the importance of reputation and quality. We work to ensure that every aspect of our business is done at the highest level of standards possible. This spans ensuring that all of our development projects are done correctly to providing our management clients with the best service possible.”
Wall Street Journal
Bigger Pockets; Episode 215
"I think it was more getting my mind to think about real estate and about the numbers of real estate...it got me thinking about the numbers and about opportunities, whereas before that I wouldn't have been even looking into that situation. It really just opened doors for me"
"In 7 years, it over doubled in value"
Joe Fearless; Episode 1001
" When we started out three years ago, we would be more selective with our demo. We wouldn’t get into the property and take everything down to the studs. We realized that to create the quality product that we want to and build the reputation that we have, you really have to start from scratch. Demo days — it takes us about 2-3 weeks to demo a property. We’ll send in a team of guys and they will take it all the way down to the studs, remove everything and we’ll start from scratch.”
Joe Fearless; Episode 1349
"When you’re using social media you’re able to reach someone who might not know they wanna live in the neighborhood that you’re doing a project in… And when they see the quality of your work, and they see everything, it can trigger them to say “Hey, maybe I do wanna look in that neighborhood.” We’ve had many buyers buy from us who originally would never have considered the neighborhoods where our projects are, and the next thing you know they’re putting an offer in.”