What We Do
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. [Source: NLIHC]
We are addressing the housing crisis by developing high-quality homes at scale through converting hotels to apartments.
We purchase hotels in growth markets nationwide.
The typical property we acquire is between 100 and 200 units. We target markets with robust job and wage growth. The hotels are also located near centers of employment and transit corridors. We currently own 24 properties across five states - including our home state of Washington. Before the end of 2024 we will be acquiring over 1,000 more units and expanding our projects into a total of 8 states!
We create beautiful naturally-affordable communities for residents.
It takes us between six and twelve months to renovate the properties we acquire before leasing. When we open for business, residents can find fully-appointed units with brand-new finishes, full kitchens, and amenities like internet, cable, dog parks, and sometimes even indoor pickleball to enhance their living experience.
Our units are typically the lowest cost in the market, even though they live like brand new construction.