Tertiary Midwest Metro
Smaller cities with a real professional base, undersupplied flex inventory, and a downtown core worth investing into. We underwrite to long-hold cash flow, not exit multiples.
The portfolio is organized by what each holding actually is: an operating company, a market under diligence, or a partnership opening. Small by design, presented in full.
Every operating company is wholly owned, in-house staffed, and held under one quality standard. We do not franchise the brand or outsource the front desk.
Coworking memberships, private offices, and bookable meeting rooms inside restored downtown buildings — wholly owned, in-house staffed, held under one operating standard.
A member-led brand under development for a regional Midwest market, sharing the parent operating standard and built around the demographics of its city.
For owners and regional operators who want a long-term capital partner with operational depth — equity, management, or a structured combination of both.
When the operator and the owner share an address, the building gets the attention it deserves — and the members feel the difference at the front desk before they ever see it on a balance sheet.
From the Operating Notes, Vol. IV / 02
These are categories of opportunity, not specific deals. Each represents a thesis we are testing in the field — a market type the parent company is willing to underwrite to.
Smaller cities with a real professional base, undersupplied flex inventory, and a downtown core worth investing into. We underwrite to long-hold cash flow, not exit multiples.
Existing single-tenant office buildings that no longer suit one occupier and are well-suited to a member-based reposition under in-house operations.
Light-industrial and warehouse buildings with the bones for a higher and better use as a multi-tenant flexible workspace, in markets where supply is constrained.
A short menu of structures, written plainly. Each one is a way to bring a building, an operator, or a balance sheet under the parent operating standard.
| Capital Partner | Long-hold equity for the acquisition or recapitalization of a flexible-workspace property, with the parent company taking operational responsibility post-close. |
|---|---|
| Operating Partner | End-to-end management of an existing flex space — staffing, hospitality, technology, member services — under a single operating standard, on behalf of the owner. |
| Acquisition & Operate | A combined structure where we acquire the asset and immediately bring it onto our operating platform, retaining a resident on-site team from day one. |
| Conversion & Reposition | For underutilized office or adaptive-reuse buildings: capital plus operating playbook to reposition the asset as a member-based workspace. |
| Owner-Operator JV | A joint venture with an existing regional operator — the operator stays in place, the parent contributes capital, brand, and operating depth. |
| Brokered Off-Market | For brokers and intermediaries with a fit deal: a direct, decisive conversation with a principal who can underwrite, close, and operate without a third-party operator overlay. |
A small, deliberate firm by design. The numbers below describe how the diligence pipeline is shaped on any given year — wide at the top, narrow at the bottom.
The partnership inquiry form takes a minute. Tell us about the building, the market, or the structure — a principal will respond.
Open the Partnership Inquiry