Strategy
We pursue investments that align with our disciplined, fundamentals-based philosophy: acquiring assets we are comfortable holding long term, with strong income characteristics and meaningful potential for value enhancement.
Our Approach
To invest in and actively manage cash-flowing real estate, delivering long-term value for our investors.
To be a global leader in income-producing real estate investments, maintaining a focus on financial resilience and sustainable growth.
Investment Approach
We commit capital only where the fundamentals are sound, acquiring assets below replacement cost with a strong spread to prevailing interest rates and attractive in-place carry.
We create value through operational execution and hands-on asset management, maintaining meaningful ownership alongside our investment partners.
We improve performance through economies of scale, operational efficiencies, and the repositioning of underperforming rents across the portfolios we own and operate.
We build durable cash flow across multifamily, hospitality, and mixed-use, complemented by operating businesses within the 18 Main platform.
Core Principles
Focus on markets and sectors supported by long-term demand fundamentals.
Prioritize assets capable of generating sustainable income.
Create value through operational execution and asset management.
Maintain meaningful ownership alongside investment partners.
Focus on long-duration value creation rather than short-term market cycles.
Where We Invest
We concentrate on U.S. markets with durable demand fundamentals for rental housing, where scale and local operating knowledge translate into measurable performance.
Headquartered in New York, we own and operate across multiple U.S. markets, with a significant concentration in Memphis, Tennessee, alongside multifamily, hospitality, and mixed-use holdings elsewhere in the United States.
Our home market and the base of our hospitality platform, including boutique hotel ownership and operations in Manhattan.
A core investment market, spanning multifamily communities and master-planned mixed-use development across residential, hospitality, and retail.
Income-producing multifamily assets and complementary operating businesses across additional markets in the United States.
Investment Criteria
$15 million and above.
Locations with strong demand fundamentals for rental housing.
Acquisitions below replacement cost.
Assets with a strong spread to prevailing interest rates, offering positive leverage and attractive in-place carry.
Opportunity to improve performance through economies of scale, operational efficiencies, and underperforming rents.
Properties we believe in and are prepared to own across cycles.
Get in touch
See the assets we own and operate, or start a conversation with our team.