Saul Urban
Lodging
to Living
Fund

A value-add real estate fund dedicated to addressing the systemic shortage of middle-income housing by converting distressed hotels into rental apartments.

For decades, the United States has faced a chronic shortage of middle-income housing. Due to the high cost of ground-up construction, this shortfall is expected to grow for the foreseeable future. According to the National Apartment Association, approximately 4.6 million new middle-income multifamily housing units will be needed by 2030.

The Fund will seek to acquire well-located, distressed hotel properties, below replacement cost and convert them into apartments for renters.