News & Insights

Research & perspectives

Analysis and commentary from 18 Main on residential real estate, sector structure, and the case for institutional aggregation.

Investment thesis

Why multi-let residential is the most mispriced institutional opportunity

The valuation gap over mainstream build-to-rent reflects structural fragmentation, not cyclical risk, and the window is closing.

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Market analysis

The playbook for institutionalising a fragmented residential sector

How a retail-dominated sector was consolidated by a single disciplined operator and exited to the public market.

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Regulatory

Licensing, planning directions, and the structural supply moat

How planning and licensing policy has effectively capped new supply across dozens of councils, and what that means at exit.

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