Ricky Leung

Ricky Leung is a seasoned real estate operator and investor with over two decades of transactional experience across brokerage, valuation, and private equity-style investing. Currently serving as Managing Partner of RJW Capital, a private real estate investment firm, Rick leads the firm’s acquisition strategy and investor relations platform, focused on income-producing residential assets in high-growth, supply-constrained university markets.
At RJW Capital, Rick spearheaded the buildout of a vertically integrated investment model—from sourcing and underwriting to deal execution, leasing, and active asset management. He developed and implemented a proprietary, data-driven acquisition framework modeled after institutional best practices (Blackstone, Starwood Capital) while maintaining the agility of a high-volume broker-operator. His team uses market intelligence tools, rental yield modeling, and scenario-based valuation (gray sky / blue sky / fail case) to underwrite student housing and SFR opportunities with precision.
Rick has raised and deployed seed capital across fund-backed and syndication deals, coordinating with legal, accounting, and operations teams to structure equity partnerships that align risk and return. In tandem, he manages investor communications, develops marketing materials, and oversees performance tracking against IRR and NOI targets.
As a real estate sales associate at First Team Real Estate and principal of ACM Enterprise, Rick brings a unique hybrid of institutional insight and on-the-ground dealmaking. He has closed millions in residential sales volume, representing buyers and sellers across Southern California’s most competitive submarkets. His experience spans luxury listings, multifamily investment sales, and new development advisory. Rick consistently ranks among the top-performing agents in his region by volume and client satisfaction.
Prior to launching RJW Capital, Rick built a distinguished 25-year career as a Certified Residential Appraiser, providing third-party valuation services to major financial institutions and appraisal management companies. He brings a forensic understanding of market value, risk, and compliance—skills that have proven invaluable when evaluating acquisitions, negotiating contracts, and supporting debt financing.
A bilingual professional fluent in Mandarin and Spanish, Rick excels at navigating complex, multicultural transactions. He also holds an MBA from USC Marshall School of Business, where he concentrated in real estate finance and entrepreneurial leadership.
Whether managing a direct-to-seller sourcing campaign, leading a high-stakes negotiation, or presenting returns to LPs, Rick blends institutional-grade strategy with broker-level hustle—offering the rare ability to think like a fund manager and close like a top agent.