Deals Acquired
Assets Under Management
27.5%
IRR*
*Realized Investments Only
We buy & operate small (3-75 unit) apartment buildings in Southern New Hampshire. We do so on behalf of our investors, who share in the tax benefits, cash flow, and appreciation.
Our Thesis
What You Pay >
What you Buy
Buying at great prices results in great deals. That’s why we buy small multifamily, directly sourced from the seller. We routinely buy assets priced 10%-30% below market comps, making it hard to lose.
We Go Where We Have Advantages
Real estate investing is about advantages. Through our operating partners, we are vertically integrated & have a significant local footprint in terms of relationships, contractors, and unit count. We’ve collectively closed 50+ deals of this type, and directly own 300+ units alongside our partners & investors.
We Don’t Fight The Market
While we’re not market-dependent, we don’t ignore the impact of the greater market forces on our future returns. Despite strong demand from the Northeast, New Hampshire is a supply constrained market. It is difficult to build here. This is a tailwind that drives outperformance.
Alignment Matters
We structure deals where our incentive comes largely after our investors win. We’re light on up-front & on-going fees, as we prefer to bet on our success.
Example Deals:
Lakeside Landing
45 unit acquired June 2023
$2M in equity creation & 7.5% distributions
Exit Plan: Cash-out refinance & Hold
Thoreau Way
12 unit acquired in July 2022
27.5% IRR, 10 month hold Sold
Sterling Realty Apartments
72 unit acquired December 2024
Distributions started, Y1 performance on track
Exit Plan: Cash-out refinance & Hold
NH Small Multifamily Portfolio
27 units acquired in March 2024
Partial 20% Cash-Out Refinance Completed, Distributions at 5%
Exit Plan: Partial Sale, Partial Refinance & Hold
Are You Seeking Cash Flowing Multifamily?
Get Immediate access to our data room on the NH Multifamily Fund III by clicking here.
