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Larry Murray, Founder

Larry Murray is the founder of Ivory Wolf Properties, LLC and serves as one of its managing members. As a firefighter, he has been fighting fires and rescuing people for over 30 years. Currently, he holds the position of Captain at a busy fire station in Montgomery County, Maryland.  Besides his dedication of helping those in time of need, Larry is passionate about multifamily real estate investments. He is committed to helping investors create passive income while at the same time providing quality housing for hundreds of people renting the properties.


As a former Marine and member of the Air National Guard, Larry knows the value of hard work. He also will give 100% to anything he commits to as recognized by the Montgomery County Government when he was awarded the prestigious Gold Medal “for an Act Involving Extreme Personal Risk Above and Beyond the Call of Duty.”

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 Paloma Murray, Co-Founder

Paloma Murray is a life-long learner and is always looking for ways to grow and help others. In 2020, she established a multi-family real estate investment firm with Larry Murray in order to offer renters quality housing and help hard-working professionals attain financial freedom through passive investment.  


Paloma graduated summa cum laude from the Conservatory of Music of Puerto Rico where she majored in flute performance. She then pursued graduate studies at the Peabody Conservatory of the Johns Hopkins University where she earned a degree in Music Education. After working several years as a music educator in the public school system, she attended the University of Maryland School of Law where she obtained a Juris Doctor degree and was admitted to the Bar of Maryland in 2015. She is also a licensed Maryland real estate broker. Paloma is fluent in Spanish and is currently studying Portuguese.

Rod Khleif, Senior Advisor

Rod Khleif is an entrepreneur, real estate investor, multiple business owner, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. As one of the country’s top real estate trainers, Rod has personally owned and managed over 2,000 properties.

Rod is Host of the Top-Ranked iTunes Real Estate Podcast which has been downloaded more than 9,000,000 times – “The Lifetime Cash Flow Through Real Estate Investing Podcast.” Rod is the author of “How to Create Lifetime Cash Flow Through Multifamily Properties” considered to be an essential “textbook” for aspiring multifamily investors.

As an accomplished entrepreneur, Rod has built several successful multi-million dollar businesses. As a community philanthropist, Rod founded and directs The Tiny Hands Foundation, which has benefited more than 85,000 community children and families in need. Rod has combined his passion for real estate investing and business development coaching with his personal philosophy of goal setting, envisioning, and manifesting success to become one of America’s top real estate investment and business development trainers.

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Ivory Wolf Properties, LLC is a privately-held real estate investment firm specializing in the acquisition and repositioning of multifamily properties. 

Our firm focuses on value-add properties in emerging markets in order to provide long-term cash flow and high-yield returns to our investors.



1. Why should I invest in multifamily?


Multifamily properties are some of the best real estate investments available. These properties are always in demand, generally appreciate in value, provide predictable income from rents, and are the least volatile real estate asset during recessions.

2. What is an accredited investor?


In order to qualify as an accredited investor, an individual must have earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, or has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence).


3. What if I do not qualify as an accredited investor?


You may still be able to invest with us as a non-accredited investor. Please contact us for more information.


4. What is the minimum investment amount?


The typical minimum investment is $50,000, although this amount might vary depending on the project.


5. Can I invest with my pre-tax retirement funds?


Yes, you may use a Self-Directed IRA or other Qualified Retirement Plan to invest. We strongly recommend that you discuss the tax implications of using these funds with your CPA before you invest.


6. What is a syndication?


A multifamily real estate syndication (value-add property) is an arrangement in which a General Partner combines money from investors (Limited Partners), purchases and repositions the property while providing a return to the Limited Partners who have a passive role in the project. A syndication allows for the combination of resources such as time, money, knowledge, and labor to acquire a property that would be impossible to do alone.


7. How long is the investment term?


The average investment term is 3-10 years depending on the project.


8. When will I receive my return?


Returns are usually sent out in quarterly distributions.


9. When will I receive updates about my investment?


We like to update our investors monthly but you are always welcome to call and speak to one of us if you have a question.


10. Can I visit the property?


Absolutely! Investors can visit the property before investing and during the investment term.



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Interested in investing or would like more information about our process? Call or fill out the form below. We will be in touch with you shortly. 

We respect your privacy and will never release your information to a third party user.




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