Our Model Makes Housing Affordable
5th Street Capital Partners delivers fully furnished, professionally managed housing communities throughout the Southeast -- all utilities included -- at rents working families and seniors can actually afford.
2,100+
Units Delivered
12
Communities
$300M+
Real Estate Acquired
3rd
Largest Conversion Operator
The Challenge
America needs millions more affordable units. The math on new construction no longer works.
Demand for affordable apartments far outpaces supply. Rising construction costs mean developers cannot build new housing and keep rents affordable. The result: working families earning 60 -- 120% of Area Median Income are left without viable housing options where they work.
Georgia's shortage is worse than the national average. Housing production has consistently failed to keep pace with household growth, and 75% of families lack the affordable product needed for stable living situations.
7.3M
Rental units needed nationally for extremely low-income renters
33
Affordable units per 100 low-income households
$280K+
Per-unit cost to build new garden-style apartments
$1,797
Average monthly rent in Atlanta, before utilities
Our Approach
Adaptive reuse delivers quality housing at 50 -- 70% below new construction cost.
Acquire
We source well-located, underperforming properties in Southeast markets with strong employment drivers and rezone for multifamily use prior to closing.
Renovate
Phased $10K -- $25K per-unit renovation: new fixtures, flooring, kitchenettes, furnishings. Units come online on a rolling basis to generate revenue during renovation.
Operate
Fully furnished, all-inclusive units leased at $1,000 -- $1,400/month. Water, power, cable, and internet all included. Professionally managed on-site.
Who We Serve
The people who keep Georgia running.
Teachers, nurses, firefighters, retail workers, young adults starting out, and seniors on fixed incomes. They earn too much for public assistance but cannot afford market-rate apartments where they work.
Our Affordable Housing ImpactTarget resident incomes
Partner With Us
Whether you are a lender, community partner, or municipality looking to address housing needs, we would welcome the conversation.