Highland is a vertically-integrated investor and operator of Small Multifamily assets in select Midwest & Mountain West submarkets. We seek to acquire overlooked and/or mis-managed SMF assets in a highly-fragmented landscape dominated by mom & pop owners that often lack the resources and scale to optimize asset-level performance. We create value and drive returns via a rigorous, institutional-quality approach to property & asset management to enhance asset quality and property-level cash flows.

We concentrate on acquiring SMF assets in defined submarkets where we have an operating presence and expertise. Our addressable market is large & fragmented, with approximately ~1.5M sub-100 unit SMF buildings in the U.S. valued at ~$2.5T. The SMF landscape is inefficient and operationally intensive, requiring scale & resources to optimize asset-level performance.

Institutional investors are primarily focused on larger apartment complexes, creating a unique opportunity for Highland to acquire & operate SMF assets at discounted bases with limited competition. We find these dynamics compelling and create a durable set-up for outsized risk-adjusted returns.