Now Capitalizing — Vintage 2026 Pipeline: $74M Identified Active Projects: 7 Avg LP IRR: 24% Now Capitalizing — Vintage 2026 Pipeline: $74M Identified Active Projects: 7 Avg LP IRR: 24%
Doc.ARCHER-001
Issued11.MAY.2026
StatusActive
Vintage2026
Now Capitalizing · Vintage 2026

Build the
next block.

Archer is a residential development platform engineering ground-up and adaptive-reuse projects with measured downside, structural cost advantages, and an LP-aligned waterfall.

Capital Flow / Schema 01
01Sourcing
02Underwrite
03Build
RegionPhiladelphia
StrategyInfill / GU
AUM$47M
Multiple2.1×
Capital Deployed
$47M
trailing 36mo
Units Delivered
38
+22 in build
Avg Equity Multiple
2.1×
across exited deals
Avg LP IRR
24%
net to investor
Avg Cycle Time
14mo
acquisition → exit
§ 01
The Portfolio
Five projects, three vintages, $47M

Built deal by deal.
Tracked line by line.

ID
Project
Type
Capitalization
Multiple
Status
A.001
Fishtown RowPhiladelphia · PA · 19125
Ground-Up8 Units
$5.2MEquity: $1.8M
2.3×IRR 26%
Exited
A.002
Brewerytown LoftsPhiladelphia · PA · 19121
Adaptive12 Units
$8.7MEquity: $3.1M
1.9×IRR 22%
Exited
A.003
Point Breeze TriplexPhiladelphia · PA · 19146
Ground-Up3 Units
$1.8MEquity: $620K
2.4×IRR 31%
Exited
A.004
Kensington BlockPhiladelphia · PA · 19134
Ground-Up22 Units
$14.1MEquity: $4.7M
Pro Forma 2.2×
In Build
A.005
Graduate Hospital MewsPhiladelphia · PA · 19146
Boutique6 Units
$7.2MEquity: $2.4M
Pro Forma 2.0×
Pre-Con
A.006
Northern Liberties YardPhiladelphia · PA · 19123
Ground-Up14 Units
$9.8MEquity: $3.3M
Pro Forma 2.3×
Sourcing
§ 02
The Method
Four steps, repeated, refined

How a deal becomes
a delivered asset.

Step 01 / Source

Off-market sourcing through operator networks.

We do not buy at auction. Every parcel is sourced through direct relationships with brokers, attorneys, and operators in our submarkets. Lower basis is structural, not seasonal.

Output: Basis 12–18% below comp
Step 02 / Underwrite

Three-scenario underwrite. Exit modeled at acquisition.

Every deal is underwritten to base, downside, and stretch cases. If the downside scenario doesn't break-even, the deal doesn't clear committee. We size for survival first.

Output: Defined downside
Step 03 / Build

Vertically integrated GC. Aligned construction economics.

Our construction partner co-invests in every project. Change orders are not a profit center for the GC, they are a cost to the partnership. This single fact eliminates 80% of the budget creep that kills suburban developers.

Output: 30% cycle compression
Step 04 / Distribute

LP-first waterfall. Promote earned, not assumed.

8% preferred return. 70/30 split to first hurdle. We don't earn promote until our partners earn their pref. Capital and execution are aligned by structure, not by handshake.

Output: 24% avg LP IRR

The buy box.
Public and exact.

We don't hide what we want. The deal we are looking for is documented, repeatable, and broadcasted to our network. Clarity sources better deals than ambiguity.

Geography
Philadelphia + Inner-Ring Suburbs
Asset Type
Ground-Up Residential, Adaptive Reuse
Unit Count
3 – 24 Units
Deal Size
$1.5M – $15M Capitalization
Hold Period
12 – 24 Months
Target Multiple
2.0× Equity Minimum
LP Pref
8% Annualized
Sponsor Co-Invest
10% Minimum, Every Deal
Vintage 2026 — Limited Allocation

Capital is welcome.
Conviction is required.

Request the LP Memo →