A residential development & capital firm

Build the grid.
Own the corner.

01 / DEPLOYED
$62M
Capital deployed across active vintages.
02 / RETURNS
2.3×
Average equity multiple on exited deals.
03 / IRR
26%
Average net LP IRR across portfolio.
04 / CYCLE
13mo
Average acquisition to exit cycle time.
§ 02 — Manifesto 02
A position
statement

We build small, dense, and well in the cities where capital is welcome and operators are scarce.

The next decade of American housing belongs to infill developers who can underwrite a parcel, run a crew, and close a deal — in the same week.

Lattice is that operator.

§ 03 — Selected Portfolio 03
L.001 · FEATURED
Spring Garden
Block
PHILADELPHIA · 19130 · 18 UNITS · 2026
$12.4M
Capitalization
L.002
Old City Loft
EXITED · 2.4×
L.003
Society Hill Pair
EXITED · 2.1×
L.004 · ACTIVE
Northern Liberties Yard
$9.8M · IN BUILD
L.005
Queen Village Mews
EXITED · 1.9×
L.006
Bella Vista Triple
EXITED · 2.5×
L.007
West Philly Trio
$12.5M · PRE-CONSTRUCTION · 2027
2.3×
Pro Forma Multiple
L.008
Manayunk Single
SOURCING · LOI
§ 04 — Capital Waterfall 04

The waterfall.
Plain English.

TIER 01 Return of Capital
100%
To LPs first.
All capital contributions returned before any distribution flows to the sponsor.
TIER 02 Preferred Return
8%
Pref to LPs.
An 8% annualized preferred return paid to LPs before sponsor earns a single dollar of promote.
TIER 03 First Split
70/30
LP / Sponsor.
After pref is satisfied, profits split 70 LP / 30 sponsor up to a 15% IRR hurdle.
TIER 04 Catchup Split
50/50
Above 15% IRR.
Profits above the 15% IRR hurdle split evenly — alignment on the upside.
Vintage 2026 · Limited Allocation

Capital with
conviction.

Lattice accepts a limited number of new capital partners each vintage. Pipeline overview, financials, and current LP memorandum available on request. We respond within 24 hours.

Request the LP Memo →