Institutional SFR platform · Cleveland anchor · Detroit expansion

Institutional capital, deployed house by house

We acquire, renovate, and stabilize affordable single-family homes across the Rust Belt — producing durable, federally-backed cash flow for our investors and quality housing for our residents

100+
Homes owned
120+
Units across the portfolio
9-10%
Target unlevered yield
12–14%
Target levered yield
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Cleveland · East SideAnchor market
The thesis

A fragmented market lacking institutional capital

Green Sea acquires affordable single-family homes in underserved Rust Belt markets, deploys the renovation capital that local operators won't, and stabilizes them as quality Section 8 housing — producing durable, federally-backed cash flow at yields rarely available at institutional scale

The opportunity

A highly fragmented, $1.5 trillion market

The Rust Belt holds ~6.8 million one- and two-family homes across our target markets. Sub-$120k stock alone represents roughly a million homes and $85 billion of value — a deep, multi-market opportunity that has gone uninstitutionalized

6.8MSF & 2F homes in target MSAs
~1.0MSub-$120k supply
17k+Cleveland §8 voucher holders
~50%Cleveland voucher holders unable to find SFR housing

Sources — US Census Bureau · CoreLogic · CMHA · HUD · Marcus & Millichap · Realtor.com

Section 03 — The operating diagram
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A single dollar, pulled through the platform

Every home passes through the same five-stage operating system — sourcing to stabilization, instrumented end-to-end, repeatable across markets

ISource
01
IIUnderwrite
02
IIIRenovate
03
IVLease
04
VCompound
05
$ Capital inStabilized · out
01
Proprietary sourcing
Daily coverage
02
Underwriting at scale
Two-week close
03
Standardized scope
Uniform spec
04
Local voucher team
Local team
05
Durable cash flow
10%+ unlevered