Residential Holdings

Our residential strategy was formed in the aftermath of the 2008 financial crisis, entering the market through condominium acquisitions at a time when pricing dislocations favored long-term ownership. The initial focus on condos provided stable entry points and allowed us to establish disciplined operating and asset management practices.

As market conditions evolved, we expanded into single-family homes, selectively diversifying the portfolio while maintaining a long-term hold orientation. This expansion accelerated in the years leading up to COVID, as we increased exposure to lower-density residential assets and strengthened the overall resilience of the portfolio.

In 2021, following significant market appreciation and changing dynamics within the condominium sector, we reduced our condo holdings and further concentrated the residential portfolio toward single-family homes. This rebalancing reflected both valuation considerations and operational efficiency.

Beginning in 2022, we paused additional residential acquisitions, shifting to a hold-and-manage strategy focused on existing assets. New investment activity was redirected toward commercial real estate, while residential holdings continue to be actively managed for long-term stability and performance.