Aether Equity is a Seattle-based investment firm. We source and underwrite value-add apartment buildings in Atlanta and infill residential projects in Seattle, and partner with accredited investors on the deals that clear our standards.
Aether Equity was built from the investor's side of the table. After years as a limited partner in multifamily syndications, our founder knows what passive investors need from a sponsor: realistic numbers, honest reporting, and someone who picks up the phone.
Every deal is sourced and underwritten by the principal, stress-tested against a downside case, and presented with the same numbers we use to make our own decision.
We walk away from most of the deals we review. Discipline at the underwriting table is the biggest driver of investor outcomes.
We look for submarkets with job growth, population growth, and strong demand for housing. In Atlanta, that means neighborhoods in the path of growth; in Seattle, close-in lots where new homes sell. The submarket matters more than the city headline.
We aim to buy older apartment buildings and buildable lots at prices that leave room for the business plan. A defensible purchase price is the most reliable form of downside protection.
Returns have to be earned through renovations, better operations, or new construction — not through aggressive rent growth or exit assumptions.
Different investors need different things. Atlanta multifamily is built for steady cash flow over a longer hold. Seattle infill construction is built for growth over a shorter, project-based timeline.
Read our strategy