Vertically integrated multifamily investment
We buy apartments below replacement cost and run them ourselves.
Centeridge acquires, improves, and operates multifamily communities in growing U.S. neighborhoods. We underwrite every deal as owners, invest alongside our partners, and manage the assets in-house from closing to exit.
Recent acquisition
Basis is the first source of return.
In April 2026 we bought a 2022-vintage, amenity-rich Nashville community for 30% less than it last traded. A low entry price gives our investors margin for error before we change a single thing about the property.
Acquired April 2026
Anchor
WEDGEWOOD-HOUSTON · NASHVILLE, TN
A 236-unit community built in 2022 with a rooftop sky lounge, pool, fitness center, recording studio, and pet spa. We are rebranding the property from Braxton Music City, with new signage and a refreshed identity to restart leasing momentum.
- Purchase price
- $54.4M
- Units
- 236
- Our basis per unit
- $231K
- Discount to prior sale
- 30%
East Nashville, TN
Straightway
An apartment acquisition in one of Nashville's fastest-appreciating neighborhoods, where we added a ground-up development phase and a new outdoor amenity package. The deal benefits from an assumed HUD loan at a 2.56% fixed rate.
Nashville, TN
The Byrum
An apartment-to-condominium conversion of the largest shipping-container residential community in North America: 83 homes built from 173 upcycled freight containers, now sold as individual condominiums.
Investment strategy
Disciplined entry. Active ownership.
We look for well-located multifamily assets where price, capital structure, or operations leave room for improvement, and we hold to the same underwriting standards in every market cycle.
Buy below replacement cost
We target assets priced well under what it would cost to build them today, often after a prior owner has overpaid or under-managed.
Favor structural advantages
Assumable low-rate debt, excess land, and zoning for additional units can add return without adding market risk.
Improve operations
Repositioning, renovation, and better resident experience raise occupancy and rents through work we control.
Invest alongside partners
Our team commits its own capital to the deals we sponsor, so our interests stay aligned with our investors'.
Our platform
One team handles every stage of the deal, so nothing gets lost between an underwriting model and the property itself.
- AcquisitionsSourcing, underwriting, and closing, with a focus on off-market and mispriced opportunities.
- Capital marketsDebt sourcing and equity partnerships structured for downside protection.
- Development & constructionGround-up development in Nashville and Chicago, plus renovations and condominium conversions.
- Property managementLeasing, operations, and resident experience handled directly by our team.
- Asset management & reportingBusiness-plan execution and transparent reporting through our investor portal.
Portfolio
Eleven investments across three markets.
Our portfolio spans acquisitions, ground-up development, condominium conversion, and a fund investment. Nashville is our largest market.
| Property | Market | Type | Submarket |
|---|---|---|---|
| Anchor | Nashville | Multifamily | Wedgewood-Houston |
| The Byrum | Nashville | Condo conversion | Wedgewood-Houston |
| Straightway | Nashville | Acquisition + development | East Nashville |
| Strouse | Nashville | Multifamily | East Nashville |
| Nook Green Hills | Nashville | Multifamily | Green Hills |
| Cambridge | Nashville | Multifamily | Hillsboro Village |
| 3710 N Kenmore Ave | Chicago | Ground-up development | Wrigleyville |
| 3765 N Kenmore Ave | Chicago | Multifamily | Wrigleyville |
| 1539 N Wells | Chicago | Ground-up development | Old Town |
| 2442 N Ashland | Chicago | Multifamily | Lincoln Park |
| JFS Fund | Tulsa | Fund investment | Various |
Invest with Centeridge
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