Housing that performs

A fully integrated, privately funded affordable housing developer delivering below-market rents and durable, above-market risk-adjusted returns.

90
Buildings
6,150+
Homes Managed
1,639
Homes Owned
900M
AUM
130
Staff

Our integrated platform

Resident-focused execution with cost certainty and a feedback loop from operations to underwriting.

Great Expectations

Investment & Development

Capitalization, acquisitions, development, and asset management. We source opportunities, structure capital, and drive investment performance.

Arboreal Construction

Construction Management

Cost control through self-performed small scopes and disciplined general contracting. We deliver projects on time and on budget.

Arboreal Management

Property Management

Operational efficiency at scale with resident-focused execution. Our management feedback loop informs underwriting and drives value creation.

What we do

Three complementary strategies to create and preserve affordable housing.

Affordable Housing Acquisitions

We acquire underperforming or under-managed affordable housing assets, creating value at purchase through operational improvements and targeted capital expenditure.

  • Underperforming or under-managed assets
  • Value created at purchase
  • Light capex, operational upgrades
  • Rapid stabilization timeline
Examples

Emmons on 3rd • Westernaire • Rose City Flats

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Rehabilitation & Adaptive Reuse

We transform obsolete or vacant buildings into quality affordable housing, delivering units faster than new construction while preserving embodied carbon.

  • Obsolete or vacant buildings
  • Faster delivery than new construction
  • Sustainability and embodied carbon benefits
  • Creative problem-solving
Examples

Crossroads Garden • Ceiba Apartments • Honeysuckle Apartments

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Ground-Up Development

We develop transit-oriented infill housing in Opportunity Zones and tax-advantaged locations, creating durable assets with long-term affordability.

  • Opportunity Zones and tax-advantaged locations
  • Transit-oriented infill
  • Long-term affordability covenants
  • Durable, high-quality assets
Examples

Cornus House • Acer House • Addison Grove • Betula House

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Featured projects

Recent examples of our work across the Pacific Northwest.

R
acquisition operating

Rose City Flats

Portland, OR

72 units

28% value creation in 18 months through operational improvements and light capex.

View details
C
rehabilitation operating

Crossroads Garden

Bellevue, WA

108 units

108 units delivered from a vacant healthcare facility through adaptive reuse.

View details
C
development operating

Cornus House

Tacoma, WA

85 units

Transit-oriented Opportunity Zone development with C-PACE financing.

View details
B
development operating

Betula House

Seattle, WA

95 units

100% pre-leased above pro forma rents.

View details
78%

of our apartments serve households earning under 60% AMI — a range almost never targeted by the private sector.

Have a site, portfolio, or partnership in mind?

Get in touch