Vintage 2026 · Now Capitalizing $32M Remaining Allocation
v3.2.1 STRATA.OS Updated 04.MAY.2026 14:32 ET
Live · Operating System for Residential Development

Underwriting,
execution & capital —
in one view.

Strata is a residential development firm operated like a fund. Every parcel, every dollar, every distribution — tracked, reported, and visible to our partners in real time.

Portfolio Overview / all vintages

All Active Exited 2026
Capital Deployed
$71.4M
+14% YoY
Avg Equity Multiple
2.3×
+0.2× vs Plan
Avg Net LP IRR
26.4%
+1.8 pts
Avg Cycle Time
14mo
On Target
Pipeline Map/ Philadelphia + Tri-State
9 PROJECTS SATELLITE
PHILADELPHIA
Fishtown Row
Kensington Block
Point Breeze
Brewerytown
Grad Hospital Mews
N. Liberties Yard
Society Hill
West Philly Trio
Exited (5)
In Build (1)
Pipeline (3)
Active Projects/ sorted by status
9 ROWS
Kensington Block
22 Units · $14.1M · 19134
2.2×
Forma
In Build
Graduate Hospital Mews
6 Units · $7.2M · 19146
2.0×
Forma
Pre-Con
N. Liberties Yard
14 Units · $9.8M · 19123
2.3×
Forma
Pre-Con
West Philly Trio
3 Bldgs · $12.5M · 19139
2.1×
Forma
Sourcing
Fishtown Row
8 Units · $5.2M · 19125
2.3×
Multiple
Exited
Brewerytown Lofts
12 Lofts · $8.7M · 19121
1.9×
Multiple
Exited
Point Breeze Triplex
3 Units · $1.8M · 19146
2.4×
Multiple
Exited
Society Hill Triplet
3 Units · $4.6M · 19106
2.1×
Multiple
Exited
Capital Deployment by Vintage/ 2022 — 2026 projected
USD MILLIONS
$25M $20M $10M $0M 2022 2023 2024 2025 2026·proj $8M $15M $22M $26M $32M
Distribution Waterfall / per project
01
Return of Capital
LPs first, in full
100%
02
Preferred Return
Annualized to LPs
8%
03
First-Tier Split
LP / Sponsor after pref
70/30
04
Catch-Up Split
Above 15% IRR hurdle
50/50
Vintage 2026 Status/ live
⊙
Target Raise
Vintage 2026
$32M
⊙
Soft-Circled
From existing partners
$19M
⊙
Available
For new partners
$13M
⊙
Hard Close
Estimated
Q3 2026
House Terms/ all vintages
§
Sponsor Co-Invest
Every deal · always
10%
§
Hold Period
Target window
12–24mo
§
Min. Commitment
Per deal
$100K
§
Reporting
Construction + financial
Quarterly
VINTAGE 2026 · $13M REMAINING ◆ PORTFOLIO IRR · 26.4% ◆ EXITED DEALS · 5 / 5 ABOVE FORMA ◆ CAPITAL CALLS · 0 ◆ AVG CYCLE · 14 MONTHS ◆ VINTAGE 2026 · $13M REMAINING ◆ PORTFOLIO IRR · 26.4% ◆ EXITED DEALS · 5 / 5 ABOVE FORMA ◆ CAPITAL CALLS · 0

Underwrite us
the way you'd
underwrite a deal.

Strata operates with the transparency of a fund and the discipline of a developer. Request access to the LP portal — pipeline, financials, and current memorandum included.

Request LP Access →
Vintage
2026 · Open
Available Allocation
$13M of $32M
Hard Close
Q3 2026 estimated
Min. Commitment
$100K per deal
Reporting
Quarterly via Juniper Sq.
Onboarding
~ 5 business days