Frank Bachant
Partner
Frank Bachant is the Managing Partner of Tier One Equity LLC. He entered the commercial real estate space in 2020, building on nearly three decades of experience in IT, telecommunications, and sales. He is currently partner in 180 doors of multifamily real estate and assisted living.
He earned his undergraduate degree in Computer Information Systems from Florida Gulf Coast University, and at just 20 years old, he founded a highly successful IT and telecom corporation, where he continues to serve as president. Frank is also a GSA/SAM-certified federal contractor, further demonstrating his ability to meet the highest standards of trust, compliance, and execution in complex environments. Earlier in his career, he led top-performing sales efforts within Hewlett Packard’s marketing division—laying the foundation for a career defined by calculated risk-taking, relationship-first leadership, and an unwavering commitment to follow through.
Over the years, Frank has led high-performing teams and managed thousands of complex projects. He has successfully closed hundreds of telecommunications contract deals and earned a reputation for delivering results in high-stakes, technical environments. That operational discipline now powers his work in real estate—fueling his expertise in deal sourcing, due diligence, capital raising, investor relations, and asset management.
Frank focuses on building strategic, lifetime relationships with aligned partners. The firm’s investments aim to produce steady income and build generational wealth—while unlocking potential tax benefits through the power of multifamily real estate.
Max Shah
Partner
Max Shah is a relentless real estate investor, developer, and serial dealmaker with a powerhouse portfolio of 3,000+ units across multifamily, senior living, assisted living, self-storage, RV parks, short-term rentals, single-family rentals, hotels, gas stations, retail, and large-scale developments.
Beyond real estate, he has executed multiple business acquisitions across diverse industries, cementing his reputation as a strategic operator who builds empires, not just portfolios.
As founder of ROS Capital, Max is known for creative deal structuring, sharp market foresight, and AI-driven strategies that consistently deliver dominant results. With a background in IT and AI, he has mastered the art of analyzing, automating, optimizing, and scaling—turning complex operations into streamlined, high-growth ventures. Respected, connected, and unapologetically results-driven, Max Shah doesn’t just play in markets—he redefines them. Every deal is strategic. Every move creates impact. And every success pushes the boundaries of what’s possible in real estate and business
Jake Stemmerich
Partner
Jake Stemmerich is a multifamily real estate investor and principal with a strong track record of acquiring and operating apartment assets. He has successfully closed six acquisitions in the Pittsburgh market, where he is known formaintaining high-quality units and fostering strong resident relations.
Jake leads underwriting and financial analysis, applying a disciplined, conservative approach to evaluating risk and executing clear business plans.
His background in project management ensures organized execution, timely decision-making, and alignment across all stakeholders. In addition to his own acquisitions, Jake works with investors nationwide to underwrite opportunities and acquire assets within defined buy boxes.
His combination of hands-on operating experience and analytical rigor positions his team as a reliable, execution-focused buyer for multifamily sellers.
Eric Upchurch
Partner
Eric Upchurch is an experienced real estate investor, operator, and Army Special Operations veteran with over 17 years of direct investment experience across U.S. markets. He has been involved in over $170 million in commercial real estate transactions, with deep expertise in sourcing, due diligence, capital raising, risk capital deployment, investor relations, asset management, and serving as a Guarantor/Key Principal.
As a General Partner, Eric has invested in 4,964 multifamily units and as a Limited Partner in an additional 4,621 units, giving him a comprehensive perspective on capital stewardship and operational excellence. He is an Accredited Investor, a Certified High Performance Coach, and an Amazon #1 bestselling co-author of Military House Hacking. His investment experience spans multifamily apartments, mobile home parks, residential fix-and-flips, storage facilities, development, private lending, tax lien investing, self-directed IRAs, and student housing.
Eric is the Co-Founder of Active Duty Passive Income (ADPI), the largest military real estate investing community in the world with over 80,000 members. Through ADPI, he has helped thousands of military members and veterans build long-term wealth through real estate education and community support.
Committed to giving back, Eric also serves on the National Fundraising Board for Veterans Community Project, a non-profit organization dedicated to ending Veteran homelessness across America.
He holds a Master’s Degree in Aeronautical Science and brings a unique combination of operational discipline, leadership, and mission-driven focus to every partnership.