Middle Door HomesMiddle Door Homes

Asset Class

A large category with limited institutional penetration

Small multifamily (2-49 units) represents one of the largest underinstitutionalized segments in US housing, with approximately $5T+ in asset value and <3% institutional ownership.

Small multifamily building stock
Infill multifamily properties

Return profile and downside framing

Strategy targets 5-7%+ stabilized cash yield, building toward 8-11%+ base-case organic return, with 13-20% target total return / IRR over a 5-7 year horizon.

Downside framing is based on disciplined entry basis and operationally driven value creation, with assets often acquired below replacement cost in supply-constrained markets.