Rust Belt advantage: high yield, low basis.
We concentrate on Rust Belt MSAs where median home prices consistently support a sub-$120k entry point, affordable rental vacancy runs below the national average, and Section 8 voucher demand is structurally undersupplied.
A fraction of national basis.
The Rust Belt advantage starts at acquisition. Cleveland trades at roughly 60¢ on the national dollar, Detroit at roughly 25¢ — the foundation for double-digit unlevered yield on day one.
Cleveland, OH.
Cleveland is our anchor market. Over 100 homes acquired, renovated, and stabilized across 19 east-side ZIPs — an institutional platform in a market historically run by local operators.
Detroit, MI.
Detroit is our 2026 expansion market. The deepest voucher demand and largest affordable inventory in any of our target MSAs, with a population and housing-value story that has finally turned the corner.