Investment Criteria

• Location New Jersey, New York, Connecticut. Select out-of-market opportunities considered on a case-by-case basis.
• Asset Type Class B and C.
• Vintage Pre-2000 construction preferred.
• Strategy Core-plus and Value-add.
• Equity Check Size Up to $2 million.
• Markets Blue-collar / workforce housing neighborhoods. Proximity to public transportation (train/bus) preferred.
• Environmental No known or unresolved environmental issues.

• Location New Jersey, New York, Connecticut. Walkable downtowns or neighborhood corridors with local demand drivers. Proximity to public transportation (train/bus) preferred.
• Asset Profile Residential with ground-floor retail or commercial.
• Residential Component Majority of income (typically 60%+).
• Retail Component Service-oriented tenants preferred (restaurants, convenience, medical, etc.).

• Strategy Core-plus and Value-add.
• Stabilization Open to both stabilized and lease-up opportunities. Prefer assets with clear path to stabilization.
• Equity Check Size Up to $2 million.
• Complexity Comfortable with leasing risk and operational complexity.

• Structure Preferred equity and structured equity investments. Target Position: Behind senior debt, Senior to common equity.
• Deal Size Flexible; typically aligned with total capitalization and sponsor needs.
• Investment Size Up to $2 million.
• Property Types Multifamily, mixed-use, hospitality and select commercial assets.
• Geography Primarily Northeast U.S. (NJ, NY, CT). Open to strong opportunities in other markets.

• Track Record Experienced operators with proven track record.
• Co-Investment Meaningful co-investment from sponsor.
• Execution Demonstrated execution capability in similar assets.
• Operations Strong reporting and transparency.

Return Requirements