Early Equity Investments in High-Growth Real Estate Markets.

We partner with experienced developers and sponsors at the early equity stage, investing in development and value-add opportunities ahead of late-stage or institutional capital.

Our focus is on projects in high-growth U.S. markets where development, repositioning, or operator execution can unlock lasting value.

Investment Principals

Developer/Sponsor

  • Experienced partners with track record

  • Deep local market knowledge and relationships

  • Strong alignment via meaningful GP commitment

Project/Market

  • Early equity opportunities ahead of institutional capital

  • Attractive locations with demographic/economic tailwinds

  • Risk-adjusted returns via conservative underwriting

Structure/Alignment

  • Clear capital structure with GP–LP alignment

  • Value creation through entitlement, repositioning, or development

  • Downside protection, disciplined leverage

Project Opportunity

  • High-quality sites with early-entry access or mispriced complexity

  • Situations requiring creativity, speed, or certainty of execution

  • Properties with value hidden behind zoning, design, or operational inefficiencies

  • Assets where hands-on leadership can meaningfully reshape the outcome

Investment Criteria

Stage

  • Early-stage development (including pre-development)

  • Value-add opportunities (underperforming or transitional assets)

Sectors

  • Experienced developers & GP funds

  • Focus on multifamily, mixed-use, growth-oriented sectors

Check Sizes

  • $250K–$2M

  • Syndications/groups for larger allocations

Geography

  • High-growth U.S. markets

  • Driven by demographic & economic tailwinds