About BlackRidge

Concrete apartment facade with geometric balconies against a flat sky

Our Story

BlackRidge grew out of two paths that were already moving in the same direction.

BlackRidge grew out of two paths that were already moving in the same direction.

BlackRidge grew out of two paths that were already moving in the same direction.

Ryan was working on multifamily acquisitions and operations when he saw a gap in the market for owners who needed serious leasing support without handing over full property management. Around that same time, he connected with Collin, who had grown up around real estate through his family and had years of exposure to renovation projects, fix-and-flips, and property operations.

Ryan was working on multifamily acquisitions and operations when he saw a gap in the market for owners who needed serious leasing support without handing over full property management. Around that same time, he connected with Collin, who had grown up around real estate through his family and had years of exposure to renovation projects, fix-and-flips, and property operations.

The two started building the leasing business together while continuing to stay involved in the investment and operating side of real estate. After working closely together for a few months, it became clear that their strengths complemented each other well and that their long-term goals were closely aligned.

Ryan naturally gravitated toward acquisitions, finance, systems, and business development. Collin gravitated toward property operations, renovation projects, team leadership, leasing execution, and the marketing of the units themselves.

The overlap was strong enough to share the same vision, and the differences were useful enough to make the partnership stronger. From there, BlackRidge became the platform for both sides of the business: multifamily investing and third-party leasing.

Principals

Ryan Leonard, Principal at BlackRidge
Ryan Leonard, Principal at BlackRidge
Ryan Leonard, Principal at BlackRidge

Ryan Leonard

Ryan Leonard

Ryan Leonard

Principal

Ryan focuses on acquisitions, underwriting, finance, business development, and the systems behind BlackRidge. He spends much of his time in the numbers and in the processes behind the business — evaluating opportunities, shaping investment and asset-level strategy, and figuring out how the company can operate more effectively.

His multifamily experience includes leading the acquisition and repositioning of a 16-unit property and acquiring and operating a 51-unit property alongside Collin in the Milwaukee area.

Acquisitions · Underwriting · Finance · Asset Strategy · Business Development · Systems

Collin Gudgeon, Principal at BlackRidge

Collin Gudgeon

Collin Gudgeon

Collin Gudgeon

Principal

Collin focuses on the day-to-day execution behind BlackRidge, including property operations, renovations and capital projects, leasing execution, unit marketing, and team leadership. He manages and trains the people involved in the day-to-day work and spends much of his time close to the properties themselves — identifying what needs to get done and carrying it through.

His experience includes managing renovation and construction projects, preparing units for market, and operating a 51-unit multifamily property alongside Ryan in the Milwaukee area.

Operations · Renovations · Capital Projects · Team Leadership · Leasing · Unit Marketing

Team

Team

Nick Khan

Nick Khan

Leasing Operations

Leasing Operations

Nick is at the center of the day-to-day leasing operation at BlackRidge. He works directly with prospects, stays on top of follow-up, prepares applications for owner review, and helps make sure each listing keeps moving.

He’s also an important part of where we’re headed. As the leasing business grows, Nick will take on a larger role in building and leading the teams that support our clients and properties.

Nick is at the center of the day-to-day leasing operation at BlackRidge. He works directly with prospects, stays on top of follow-up, prepares applications for owner review, and helps make sure each listing keeps moving.

He’s also an important part of where we’re headed. As the leasing business grows, Nick will take on a larger role in building and leading the teams that support our clients and properties.

How We Work

A few things we try to stay consistent about.

A few things we try to stay consistent about.

A few things we try to stay consistent about.

01

01

Take ownership

Take ownership

Care about the result, not just whether the task got passed along or technically completed.

02

02

Question the default

Question the default

We try not to let “how it’s usually done” decide the answer. We get into the details, challenge assumptions, and look for the best solution rather than the easiest one.

03

03

Put relationships before transactions

Put relationships before transactions

We want people to trust how we operate, not just the result of one deal or one lease. We communicate clearly, follow through, and try to build relationships that last beyond the immediate transaction.

04

04

Be useful

Be useful

Give people something valuable: a clear recommendation, a solved problem, better information, or less to worry about.

Let’s talk multifamily.

Let’s talk multifamily.

Let’s talk multifamily.

Whether you want to talk about a property, leasing, an acquisition opportunity, or simply get to know us, we’d be glad to connect.

Multifamily investment and leasing.

Southern & Southeast Wisconsin

Office

Brookfield, Wisconsin

© 2026 BlackRidge. All rights reserved.

© 2026 BlackRidge. All rights reserved.

Owners and operators. Milwaukee + Madison.

Owners and operators. Milwaukee + Madison.