Advisory Board Member


Frederic Scarola

Scarola Photo Managing Partner, Covenant Capital Group
4515 Harding Road, Suite 210
Nashville, TN 37205
(615) 250-1630
Email (rscarola at covenantcapgroup.com)

  • Board member since: 2005
  • Location: Beyond Florida.
  • Bio: FREDERIC A. SCAROLA Frederic A. Scarola (Rick), Managing Partner (45) - is responsible for setting investment strategy, acquisitions, creating proprietary deal flow and disposition. During the past 20 years, Rick has been involved in the acquisition and disposition of apartment properties for a number of companies. Rick is a principal and investor in both Covenant Apartment Fund II, LLC and Covenant Apartment Fund I assets, a Managing Member of Covenant Apartment Investors III and Covenant Apartment Investors IV and a founder and principal of Covenant Capital Group. From 1998 to present, Rick has invested in 7,500 apartment units in 39 separate transactions with a value in excess of $300 million. Rick was directly responsible for identifying, evaluating, negotiating and/or executing these transactions for apartment communities located in the Southeast or Midwest. Rick was previously an Executive Vice President with Brookside Properties, Nashville, Tennessee. From 1992 to 1996, under exclusive advisory agreements, Rick acquired apartment properties for Mid-America Apartments Communities, Inc., New Plan Excel Trust, and Graystone Properties. Rick previously worked for Insignia Capital Advisors and predecessor organizations from 1985 to 1998 where he managed the sale of apartment communities. These transactions involved 250 apartment communities with a value of over $2 billion.
  • Board activity:
    • member, -current
  • Support: Mentor to MSRE student 2005-2006