Middle Door Homes
Your building’s next chapter
An “index fund” of neighborhood real estate
Use your building’s equity to become an owner of a neighborhood real estate portfolio: no taxes at contribution, diversified ownership, and professional management where you share in the upside.
Keep your equity intact
0%*
taxes at contribution
A §721 exchange converts your building to a portfolio stake with no capital gains or depreciation recapture at contribution.
Diversify your ownership
8-12%
target annual return
You receive an ownership stake in a diversified portfolio of cash-flowing neighborhood real estate.
Collect truly passive income
30,000+
units of experience
Our professional management team handles leasing, maintenance, and renovations that grow your value. You share in all future income and appreciation.
* §721 exchanges are non-recognition events for federal income tax purposes. Individual tax outcomes depend on cost basis, depreciation history, holding period, and state of residence. Consult your CPA.
Who this is for
Built for investors who have earned a better next chapter
You have built meaningful equity in a single asset. A traditional sale erodes 30-40% of that to capital gains and depreciation recapture. A 1031 exchange keeps your wealth concentrated and the operational burden on your plate. Middle Door Homes offers a third option: contribute your building and receive a passive stake in a diversified, professionally managed portfolio, without sacrificing your equity gains.
Own one or more 2-49 unit multifamily buildings
Held 5+ years with meaningful embedded gains
Enjoy passive income & long-term upside
Seeking tax-efficient options
Ready to hand off the day-to-day
Equity calculator
How much equity do you keep?
Adjust the sliders to match your situation. See how a 721 exchange compares to a traditional sale - line by line.
Building value
$1,000,000
Purchase price / cost basis
$350,000
Outstanding mortgage
None
Traditional sale
721 Exchange - Middle Door
With a 721 exchange you preserve
$165,000 more equity
compared to a traditional sale
Actual tax liability depends on your cost basis, depreciation history, and state of residence. This is illustrative only - not tax or legal advice.
Our team
Billions of dollars of institutional housing experience
Our team has operated 30,000+ units across some of the largest residential platforms in the country. We built Middle Door to bring that institutional playbook to small multifamily, giving individual investors access to a wealth structure that has historically been available only to institutional capital.
Team experience from
The 721 exchange
Three steps to passive ownership
A §721 exchange is an IRS-recognized non-recognition event that allows you to contribute your building to a professionally managed portfolio in exchange for a passive ownership stake, with no capital gains or depreciation recapture at contribution.
01
Contribute your building
Instead of selling, you contribute your property through a §721 exchange, an IRS-recognized non-recognition event with no capital gains at contribution.
02
Receive a passive ownership stake
Your equity converts into a passive LP stake in a professionally managed, diversified portfolio. Full ownership in the asset class you have built in, now at institutional scale.
03
Collect ongoing distributions
Our team handles all asset management and operations. You receive regular distributions from a diversified portfolio, with the long-term goal of growing income over time.
Who we work with
Find your path
For property owners
Convert your equity into a managed income position
A §721 exchange converts your concentrated real estate equity into a diversified, income-producing LP stake: institutional management, quarterly distributions, and no taxable event at contribution.
Learn how it works →
For partners
A finder's fee from off-market transactions
We pay a 2-4% finder's fee for introductions that lead to a contribution. Most long-term owners don't list their properties. We help you unlock these transactions.
How to partner with us →
For financial advisors
A tax-efficient solution for your clients' real estate
Help clients with embedded gains transition from active landlord to passive owner, without triggering a taxable event.
How advisors work with us →