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    The Partners Behind Fidelis First

    A partner-led firm built on disciplined underwriting, operational rigor, and long-term alignment with the investors we serve.

    Joe Kessi, Founder & Principal at Fidelis First
    Founder & Principal

    Joe Kessi

    Three decades of disciplined residential real estate, built on transparency and investor alignment.

    Joe Kessi is the founder of Fidelis First and the architect of the firm's disciplined, data-driven approach to residential real estate investing. His career spans more than 25 years and over 1,000 transactions across acquisitions, entitlements, development, and exits — primarily focused on the West Coast residential market.

    Joe began his career with his first fix-and-flip in Seattle before college, and has since led work across single-family flips, subdivisions, condominium conversions, midrise developments, brownfield remediation, hospitality, and LEED-certified construction. That breadth of experience underwrites Fidelis First's ability to navigate complex residential projects others overlook.

    Joe is also the creator of the BOGO Method, a proprietary framework for identifying inefficiencies in residential land that produce a built-in margin of safety. He teaches the method through Fidelis First's investor community and continues to lead underwriting and sponsor strategy across the firm's portfolio.

    • 25+ years in residential real estate
    • 1,000+ career transactions
    • Creator of the BOGO Method
    • Focus: West Coast single-family & small-lot subdivisions
    Alex Pham, General Partner at Fidelis First
    General Partner

    Alex Pham

    Operational rigor, institutional underwriting, and disciplined capital strategy.

    Alex Pham is General Partner of Fidelis First, leading firm operations, underwriting discipline, and capital strategy. He works directly with investors, sponsors, and project teams to ensure every transaction is structured, executed, and reported with institutional rigor.

    Alex's background combines deep deal-level analysis with the operational systems required to scale a residential investment platform. He oversees due diligence frameworks, project pipeline review, and investor communications — making sure each opportunity entering the Fidelis First portfolio meets the firm's underwriting and margin-of-safety standards.

    His focus is alignment: ensuring that the way Fidelis First sources, underwrites, and reports on deals reflects the same standards the partners hold for their own capital. That alignment is the foundation of the firm's relationship with its investors.

    • Leads firm operations & investor relations
    • Underwriting & due diligence oversight
    • Capital strategy and structuring
    • Focus: alignment, transparency, repeatable process
    How We Operate

    Shared principles, applied to every deal

    Discipline

    Every deal pressure-tested before capital is committed.

    Alignment

    Sponsor capital invested alongside investors, on the same terms.

    Local Expertise

    Deep operating knowledge of West Coast residential markets.

    Transparency

    Third-party administration and investor portal access across the portfolio.

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    Join experienced investors who trust Fidelis First for disciplined, tax-efficient real estate opportunities across the West Coast's growth markets.

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    "Fidelis First gave us confidence in every step of the process — from underwriting to distributions."

    — Accredited Investor, Portland OR
    Disciplined Underwriting
    Structured Execution
    Investor Reporting
    Tax-Efficient Structures

    Investment opportunities are available to accredited investors only and are provided through formal offering materials. All investments involve risk, including loss of principal.

    Want to speak with the team directly? Contact Fidelis First

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    Fidelis First is a real estate investment and development firm with 20+ years of experience focused on disciplined underwriting, structured execution, and investor-aligned opportunities.

    info@fidelisfirst.com503.310.7921
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    Investment Disclosure: This website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offering will be made privately to accredited investors pursuant to confidential offering documents and will be subject to the terms and conditions therein. Past performance is not indicative of future results. Publicly displayed figures are targets or illustrative and are not guarantees.

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