Shelter addresses the growing attainability gap by developing and repositioning housing for renters paying more than 30% of gross income in rent. This demographic includes 37.5% of income-earning households, those making between $40,000 and $100,000. Shelter offers compelling relative value propositions to both renters by necessity and renters by choice.

Strategy Target Chart

Targeted Investments

Targeted Investments Chart

Naturally Occurring Attainable Housing
Take advantage of situations that allow for lower construction or repositioning costs to provide a high-quality living experience for a more attainable price.

Smaller Units, Micro-units & Co-living
Smaller units, micro-units, and co-living (typically 350 to 600 SF) provide approximately 20% to 30% savings in nominal rent compared to traditional multifamily.

Boutique Properties in Infill Locations
Develop attainable housing options in otherwise unattainable urban markets by offering a more intimate community experience in lieu of underused or expensive amenities.

Target Markets

Shelter Companies Target Markets


Among Top 50 MSAs
Among Top 50 MSAs, >1% growth rate
Among Top 50 MSAs, >1% growth rate (Primary Target Markets)

Key Requirements:

Population Size: Top 50 Metropolitan Statistical Areas (MSAs)

10-Year Population Growth: Positive

5-Year Employment Growth: > 50% of U.S. Median

5-Year Educational Attainment Growth: >50% of U.S. Median

Permanent Demand Drivers: Universities, Industry Clusters, and/or Major Infrastructure

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