Invest in Real Estate That Lives Larger Than Its Footprint

Ori partners with institutional investors, family offices, and cities to unlock value through adaptive reuse and intelligent new development.

Invest in Real Estate That Lives Larger Than Its Footprint

Ori partners with institutional investors, family offices, and cities to unlock value through adaptive reuse and intelligent new development.

What We Create

A Smarter, Faster Path to Multifamily Value

Ori’s strategy combines the efficiency of adaptive reuse with the performance of modern multifamily.

By combining real estate fundamentals with proprietary robotic systems, Ori delivers multifamily assets that outperform — both financially and socially.

Proven Demand

Serving the growing middle market renter base that is often priced out of new supply

Lower Basis, Higher Returns

Conversion and design efficiency reduce total project cost and accelerate lease-up

Repeatable Model

A standardized process adaptable across high-demand U.S. markets

Two Investment Strategies

Adaptive Reuse

Hotel Conversions

Unlock value from underperforming hotels in high-demand locations.

Target Returns

15–20% levered IRR

Timeline

9-15 mo. construction, 12 mo. stabilization

Basis/Unit

$150-250k, inclusive of acquisition & conversion

Thesis

Lower basis, faster delivery, stronger absorption

Yield on Cost

6.5% to 7%+

Development

Ground-up Development

Develop purpose-built, efficient multifamily communities.

Target Returns

18-20%+ levered IRR

Advantage

Smaller units, smarter density, higher rent PSF and yield on cost

Demand Driver

Premium living at attainable rents, powered by Ori systems

Yield on Cost

6.5% to 7%+

Impact with Discipline

Ori creates measurable social and environmental impact without compromising investor returns.

10% below market rents

for comparable apartments

50% faster delivery

through adaptive reuse of existing buildings

How We Do It

Partnership Opportunities

Ori partners across capital stacks and ownership structures to create value and impact.

Institutional & Family Office Investors

Direct equity and co-GP partnerships in hotel conversion and ground-up Ori projects.

Cities & Municipalities

Public–private partnerships to acquire and reposition underutilized hotel assets for workforce housing.

Individual Investors

Early access to future Ori-managed investment vehicles. Register interest below to stay informed as opportunities open.

Invest with Ori

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Real Estate That Expands Opportunity for Residents, Investors, and Cities Alike.

FAQ

What is Ori’s investment strategy?

Ori invests in high-performing multifamily opportunities where our expandable-unit technology materially improves density, livability, absorption, and yield on cost.
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We focus on two primary strategies:
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Hotel-to-housing conversions — delivering B+ / A- quality apartments at attainable, ~10% below-market rents.
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Ground-up development — delivering A-quality multifamily product that rents for 10% below market because units live significantly larger than their footprint.
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Across both strategies, our goal is to produce elevated, attainable, institutionally viable housing with superior risk-adjusted returns.

Why do Ori projects outperform?

Ori’s expandable apartments create more livable space in the same or smaller footprint, strengthening both renter demand and financial outcomes.
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Because units feel larger and more functional, this advantage drives:
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Strong absorption
Higher rent per SF
Elevated NOI
Improved yield on cost

What types of deals does Ori invest in?

Ori invests in or co-develops:

Hotel-to-apartment conversions (B+ / A- quality at attainable rents)

Ground-up multifamily (A-quality product renting ~5% below market)

What return profile does Ori target?

Typical target ranges:

6.5% to +7% untrended yield on cost

18% to +20% levered IRR

2.0x+ equity multiple

How does Ori mitigate project risk?

Ori improves resiliency across cycles by delivering:

B+ / A- conversions with below-market rents
A-quality ground-up at a rent discount to the competition
Higher density and livability
Broader renter appeal
Construction-method flexibility
Increased absorption and lower turnover
City partnerships for approvals and incentives
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This creates a balanced, defensible investment profile with meaningful downside protection.

Where does Ori invest?

Ori focuses on high-demand supply constrained U.S. markets with strong renter bases, high land values, and significant barriers to new supply—markets where expandable living generates the greatest uplift in performance.
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These include major metros across the Southeast, Northeast, Mid-Atlantic, Mountain West, and West Coast.