Addressing the affordability crisis

The United States needs 7.3 million more homes. The workforce housing crisis continues to expand, with an estimated shortage of 7.3 million homes for lower income citizens, up 8% since 2019.

We develop high-quality homes at scale through converting hotels to apartments.

$106K+

Annual income needed to afford a median-priced US Home

Homes needed in the United States

Cost of mortgage vs rent in 2025

Sources:

Sage is the market leader in hotel conversions. Our team has launched 24 conversions with 13 on track for completion in 2025!

Projects completed for 50% of replacement cost due to existing infrastructure and depressed hotel values.

Our units live like new and typically rent for $300-500 less per month than similar Class A apartments

We complete conversions in 6-18 months

Repurposing existing structures significantly reduces construction waste compared to ground-up development

our mission

We provide high quality, naturally priced housing at affordable market rents while ensuring strong and sustainable investor returns.

Press