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Daniel and Joseph Scherban once proudly called themselves opportunistic investors and their investor facing site made no mention of the people who they exploit for profit.
Then, in March 2025, their tone took an abrupt turn. Why March?
Read below to learn more.
Daniel and Joseph Scherban once proudly called themselves opportunistic investors and their investor facing site made no mention of the people who they exploit for profit.
Then, in March 2025, their tone took an abrupt turn. Why March?
Read below to learn more.
Rowin Capital Then
Rowin Capital Then
When real estate investors Daniel and Joseph Scherban first bought the Pleasant View Apartments in Easthampton Massachusetts the website for their private real estate investment firm looked much different.
Rowin Capital Now
Rowin Capital Now
After facing some pushback and negative publicity about their predatory strategies the Scherban no longer publicly identify themselves as "opportunistic investors". However, their treatment of their tenants and their unbridled pursuit of profits at the expense of vulnerable people continues.
Rowin Capital -then and now
Rowin Capital -then and now
2021
When real estate investors Daniel and Joseph Scherban first bought the Pleasant View Apartments in Easthampton Massachusetts the website for their private real estate investment firm looked much different.
In 2021, Rowin Capital prided itself on being a private real estate investment firm, "focused on value-add and special situations investments. We work tirelessly to source new opportunities, while maintaining transparent communication with partners and investors."
Their investment strategy was to achieve "superior risk-adjusted returns by identifying properties that contain unrecognized value. We reposition properties that are encumbered by mismanagement, litigation or liquidity constraints. We deploy capital only after rigorous underwriting and diligence indicate that the asset’s intrinsic value provides a margin of safety against downside risk."
View the Rowin Capital About Us and Investment Strategy information from December 18, 2021
2022
March of 2022, no changes.
2024 and until January 2025- "We are opportunistic investors"
In November of 2024 Daniel and Joseph Scherban purchased two multi-unit apartment complexes in Massachusetts, one in Great Barrington and the other in Easthampton.
The Scherban brothers raised rents 35% and told tenants they would face a 52% increase if there did not agree within 16 days.
From the Rowin Capital Website
Our Investment Strategy
Rowin Capital acquires well-located properties that can be repositioned in order to maximize value. We are opportunistic investors, with a focus on uncovering overlooked opportunities and structuring transactions creatively. We target assets where mismanagement, illiquidity, or legal and regulatory constraints create room for high upside.
We are flexible in our approach and our capital generally has no predetermined hold period. Leveraging deep industry relationships, we access unique investment opportunities and act quickly and decisively in any situation.
Click here to see the 2024/2025 Rowin Capital web page
(this page was last archived on January 20, 2025)
Daniel and Joseph Scherban allowed their property management company to deal with the tenants and provided their residents with no way of contacting or engaging them. Once their identities were known they refused to meet with tenants.
They did not agree to speak with tenants about their concerns until March 26, 2025.
The image to the right shows that on March 18, 2025 their website was updated. By this date they still had not met with tenants.
Rowin Capital 2021
Rowin Capital 2021
Rowin Capital is a private real estate investment firm focused on value-add and special situations investments. We work tirelessly to source new opportunities, while maintaining transparent communication with partners and investors. We are able to execute quickly when we find an opportunity that fits our investment thesis. We welcome any information on new investments.
Rowin Capital 2024/2025
Rowin Capital 2024/2025
A Private Real Estate Investment Firm
We specialize in value-add and distressed real estate investments across the United States
Rowin Capital March 2025
Rowin Capital March 2025
A Private Real Estate Investment Firm
We specialize in acquiring and operating well-located properties across the United States
Rowin Capital 2021
Rowin Capital 2021
Investment Strategy
Investment Strategy
Rowin Capital has achieved uperior risk-adjusted returns by identifying properties that contain unrecognized value. We reposition properties that are encumbered by mismanagement, litigation or liquidity constraints. We deploy capital only after rigorous underwriting and diligence indicate that the asset’s intrinsic value provides a margin of safety against downside risk.
Rowin Capital 2024/2025
Rowin Capital 2024/2025
Our Investment Strategy
Our Investment Strategy
Rowin Capital acquires well-located properties that can be repositioned in order to maximize value. We are opportunistic investors, with a focus on uncovering overlooked opportunities and structuring transactions creatively. We target assets where mismanagement, illiquidity, or legal and regulatory constraints create room for high upside.
We are flexible in our approach and our capital generally has no predetermined hold period. Leveraging deep industry relationships, we access unique investment opportunities and act quickly and decisively in any situation.
Rowin Capital March 2025
Rowin Capital March 2025
The investment strategy that proudly identifies them as "opportunitst investors" has been replaced with a mission.
Our Mission
Rowin Capital acquires exceptional properties and seek to manage them to the highest standards. We are dedicated to customer service and to providing well-maintained homes for our residents. Our intense focus on quality management has yielded superior returns for our investors.
Our commitment to excellence permeates every facet of our operations. Years of experience have earned us the trust and goodwill of residents, employees, and our business partners.
Dean Howard, who was living in a Scherban owned property, overcame homelessness and was working full time. He had an accident and was out of work causing him to get behind on rent. He was served with a notice to quit after he caught up on missed rent.
Dean Howard, who was living in a Scherban owned property, overcame homelessness and was working full time. He had an accident and was out of work causing him to get behind on rent. He was served with a notice to quit after he caught up on missed rent.
Mr. Dean Howard
(image New Haven Independent)
Eviction withdrawn after rent catch-up
Eviction withdrawn after rent catch-up
After breaking both of his feet and fracturing his kneecap in a scooter crash on Whalley Avenue, Dean Howard fell behind on rent — and got hit with an eviction lawsuit.
His Stamford-based landlord has now withdrawn the case, after Howard caught up on what he owed with the help of his employer, his dad, and a state assistance program.
A very likely incomplete list of the real estate holdings of Daniel and Joseph Scherban real estate investors and principals of Rowin Capital, a private real estate investing firm.
A very likely incomplete list of the real estate holdings of Daniel and Joseph Scherban real estate investors and principals of Rowin Capital, a private real estate investing firm.
Properties Daniel and Joseph Scherban own
(keep checking back for more)
Properties Daniel and Joseph Scherban own
(keep checking back for more)
22 Nashawannuck Street Easthampton Massachusetts
Holding company: Pleasantview Residences LLC, purchased November 2024
A 32 unit apartment building formerly exceptionally affordable and very well maintained.24 Silver Street Great Barrington Massachusetts
Holding company: Beech Tree Residences LLC, purchased November 2024Summerview Square Norwalk Connecticut
Holding company: 15 West Main Street LLC, purchased October 2022
63 units in 20 different buildings. A press release called this a "joint venture between Penny Lane, a real estate investment firm based in Stamford, CT, a Rowin capital, an investment fund based in New York." These are both companies owned by the Scherban brothers.
Woodbridge Crossing New Haven Connecticut
Holding company: Rent New Haven LLC, purchased December 2018
21 units at the corner of Frederick and Fowler Streets in New Haven
32 Strawberry Lane Stamford Connecticut
Private residence: purchased October 28, 2019
A 4 bedroom, 5 bathroom , 3,660 square foot home
Fun fact: this private residence cost $590,000. Of that price $500,000 was financed through the Scherban family trust and was sold for $500,000. Then in January 2020 the borrower was released from the obligation so, either it was paid off within 3 months or they were just released from the obligation to pay.
Interestingly, if I gave you 500K there would be some steep tax implications as that is well above the annual gift exclusion. But if I "lend" you 500K without any expectation that you will pay me back I can skirt those tax implications. Nice loophole.
You skirt having to pay taxes. Taxes which help fund things like healthcare, food programs, educational programs, and housing assistance while also
capitalizing on vulnerable and low/moderate income people who need those things.
32 Strawberry Lane Stamford Connecticut
Private residence: purchased October 28, 2019
A 4 bedroom, 5 bathroom , 3,660 square foot home
Fun fact: this private residence cost $590,000. Of that price $500,000 was financed through the Scherban family trust and was sold for $500,000. Then in January 2020 the borrower was released from the obligation so, either it was paid off within 3 months or they were just released from the obligation to pay.
Interestingly, if I gave you 500K there would be some steep tax implications as that is well above the annual gift exclusion. But if I "lend" you 500K without any expectation that you will pay me back I can skirt those tax implications. Nice loophole.
You skirt having to pay taxes. Taxes which help fund things like healthcare, food programs, educational programs, and housing assistance while also
capitalizing on vulnerable and low/moderate income people who need those things.
More to come!
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