Townhome block
Northridge is a residential development firm operated with the discipline of a fund. Every parcel sourced off-market. Every deal underwritten to three scenarios. Every dollar reported to LPs quarterly — in writing, on schedule.
Returns in residential development do not come from being clever on one deal. They come from being disciplined across forty.
Every parcel comes through a relationship — a broker we've closed with, an attorney representing an estate, an operator who's sold to us once. No auctions, no portals, no bidding.
Base, downside, stretch. If the downside scenario does not pencil to break-even on a 24-month hold, the deal does not clear committee. Survival precedes return.
Quarterly construction and financial reports. Monthly draw documentation. K-1s issued by March 15 each year. Portal access for every LP, every deal, including pre-construction.
A documented record of capital deployed, returned, and at work. Detailed deal memoranda available to qualified partners on request.
Every parcel that enters the Northridge pipeline is filtered against three scenarios, a five-year corridor study, and a single committee vote. The deals that survive are the deals our partners see.
This is what the funnel actually looks like for vintage 2025.
The Northridge LP portal is built around a single command palette. Request a memo, pull a K-1, or join a quarterly call — without ever digging through a folder tree.
Northridge operates on transparent, consistent terms across every project and every vintage. We do not negotiate principal terms with individual partners — structural alignment is preferable to negotiated alignment.
The offering is consistent. The reporting cadence is consistent. The work changes block by block.
Vintage 2026 has $13M of $32M target allocation remaining. We onboard new LPs in approximately five business days. Coffee in Philadelphia preferred.