Real Estate

Where Capital
Meets Opportunity

Third Lake has invested in more than $7 billion in real estate projects across 20+ markets throughout the United States. The firm invests in ground-up developments across a diverse range of sectors, including multifamily, build-to-rent cottage-style communities, self-storage, senior living, hospitality, office, and industrial.

Asset Types

What we invest in

Leveraging this experience, Third Lake actively identifies and evaluates new investment opportunities that align with its strategic approach and long-term vision.

Multifamily

Industrial

Build-To-Rent

Office

Self-Storage

Senior Living

High-Rise Multifamily

Hospitality

By the numbers

A Track Record Built on Trust

Since our founding in 2019, Third Lake has grown through disciplined investing and deep client relationships. Our results speak to the confidence our partners place in us and the outcomes we deliver together.

Third Lake partners with its affiliated development platform, Third Lake Development, LLC ("Third Lake Development" or "TLV"), as well as leading third party developers through general partnership relationships.

45+

years combined
experience

$7B

Real Estate
Transaction Value

$20M+

Square Feet of Real
Estate Investments

20+

Markets Invested
in across the U.S.

Our Strategy

A DEVELOPMENT-FOCUSED STRATEGY IN HIGH-GROWTH SOUTHEASTERN MARKET AREAS

Our strategy emphasizes early control of well-located land at attractive bases, with a focus on off-market sourcing that reduces competitive pressure, enhances pricing efficiency and improves risk-adjusted returns. Combined with access to flexible institutional capital and alignment with world-class development partners, Third Lake believes this approach allows us to remain selective, patient and opportunistic while deploying capital thoughtfully through market cycles and maintaining full control over investment pacing and portfolio construction.

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EARLY CONTROL OF WELL-LOCATED LAND AT ATTRACTIVE BASES

LONGSTANDING INSTITUTIONAL CAPITAL RELATIONSHIPS

VERTICALLY INTEGRATED DEVELOPMENT PLATFORM

SELECTIVE, PATIENT AND OPPORTUNISTIC APPROACH

Key Advantages

ROBUST, NEAR-TERM DEVELOPMENT PIPELINE

Third Lake benefits from a deep pipeline of existing opportunities, with land already owned or under contract that supports several years of future development. Third Lake believes this provides long-term visibility into deal flow and the ability to pace investment deployment over time, rather than relying on competitive, auction-driven acquisitions.

GEOGRAPHIC FOCUS ON HIGH-GROWTH

Third Lake maintains a strong concentration in the Southeast and Sunbelt, with land positions currently owned in Florida, Georgia, South Carolina, North Carolina and Texas, markets benefiting from favorable demographics, job growth and long-term housing demand. This regional focus provides diversification while preserving operational efficiency and local market insight.

VERTICALLY INTEGRATED DEVELOPMENT PLATFORM

Third Lake executes development primarily through its affiliate, Third Lake Development, providing direct oversight across site selection, design, capitalization, construction and execution. Third Lake believes this vertical integration enhances underwriting precision, accelerates decision-making and aligns development and investment objectives while maintaining structural separation and independent investment approval.

AFFILIATED BROKERAGE TEAM

Third Lake believes our affiliated real estate brokerage team, Third Lake Brokerage, LLC, provides a distinct competitive advantage by proactively sourcing high-quality, off-market land opportunities. This vertically integrated platform enhances proprietary deal flow, accelerates execution, and improves pricing efficiency while reducing reliance on third-party intermediaries.

SCALED CAPITAL & STRATEGIC RELATIONSHIPS

Long-standing relationships with institutional lenders supporting construction and permanent financing. Established capital partnerships that have enabled disciplined growth and consistent execution at scale.

INSTITUTIONAL QUALITY WITH STRONG ALIGNMENT

Capital is deployed directly at a Project level through a streamlined, institutionally-aligned economic structure. The platform is designed to meet what Third Lake believes are institutional underwriting, reporting and governance standards.

Flexible Investment Approach

TAILORED SOLUTIONS TO MEET EQUITY PARTNER OBJECTIVES

Third Lake's real estate platform offers multiple investment structures designed to align with the specific needs, risk tolerance and portfolio objectives of our equity partners. Our flexible approach allows investors to participate at the deal, program, or platform level, while maintaining institutional-quality execution, transparency and alignment. Structures span a spectrum from maximum control to maximum efficiency, depending on investor objectives.

Joint Venture Partnerships

Equity investors may participate directly in investments alongside TLV on a deal-by-deal basis, offering targeted exposure to specific development opportunities.

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SEPARATE MANAGED ACCOUNT

The SMA or advisory structure is designed for investors seeking a bespoke, multi-asset development program tailored to detined return objectives and portfolio constraints.

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MANAGED FEEDER FUND

The managed feeder fund provides investors with diversified exposure to Third Lake’s development pipeline through a single investment, while maintaining flexibility and administrative simplicity.

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