Privately held and based in San Diego, Bone Investment Management, LLC delivers real estate investment opportunities to private equity investors by acquiring and operating thoughtful, clean, safe multifamily communities.

We operate on the premise that commercial real estate investments should deliver immediate, dependable, growing cash flows rather than relying on cap rate compression or unpredictable inflationary assumptions to generate returns.

Our investment structure creates a unique long-term alignment between operator and investor. We understand that enduring relationships based on mutual success are the foundation of our thriving business.

Stu Bone - Founder, CEO

Stu Bone is the Principal of Bone Investment Management, LLC. He is the Manager of all special purpose entities created to hold individual assets. Headquartered in San Diego, we deliver real estate investment opportunities to private equity investors by acquiring and operating thoughtful, clean, safe multifamily communities. Founded in 2014, the firm currently owns and operates over $200,000,000 worth of multifamily real estate in the western US. 

Mr. Bone is accountable for all operations of the company, including oversight of all acquisitions, fundraising, asset management, accounting and investor relations for all assets under management at Aultas. 

Prior to founding the company, Mr. Bone sourced and directed multifamily property acquisitions at Virtu Investments. He joined Virtu in 2004 and left in 2014. Prior to that, Mr. Bone advised Virtu and other commercial real estate investors at Steelhead Capital, a real estate capital markets advisory firm. Mr. Bone has directed the acquisition and/or financing of over $1 billion in commercial property transactions.

Michael Swain, CPA

In his 30 years as a Chief Financial Officer and Certified Public Accountant with extensive experience in commercial real estate accounting, Mr. Swain’s emphasis has been on cash management, account reconciliations, bank relations, cash flow, investor reporting, budget preparation and supervision of accounting staff.

Mr. Swain facilitates Bone’s accounting operations in a variety of aspects including accounting oversight of contracted management companies, property accounting, investor distributions, cash management, audit preparation, tax preparation and lender correspondence.

Mr. Swain and Mr. Bone have been working together for 20+ years.