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Workforce Housing Fund

Delivering Value for Investors and Communities

Workforce Housing Fund Overview

The Fund is structured to provide what we believe are attractive returns through a diversified portfolio of projects designed to meet the growing need for attainable housing. By combining Pinnacle’s fund management expertise and JPI’s development experience, The Fund seeks to deliver a compelling solution to one of the nation’s most pressing challenges.

Together, JPI and Pinnacle aim to drive positive community impact while striving to achieve robust financial performance for their investors. This partnership creates a unique opportunity to address the critical housing shortage and unlock value in some of the nation’s most dynamic and underserved markets.

  • $200M Fund Size
  • 4 Properties
  • $1M Minimum Investment Amount

Investment Strategy: Capturing Demand in Underserved Markets

The Fund will focus on developing and operating workforce housing in key markets, including Texas, Washington, and California. The projects will emphasize:

Area Median Income (AMI) restricted rents on a portion of units ensuring affordability.

Transit-Oriented Development (TOD) locations for enhanced community access.

JPI sourced senior debt partnerships for capital efficiency.

Innovative sourcing, planning, construction, and development methodologies from JPI.

We believe these differentiators can attract real estate investors seeking compelling investments with meaningful community impact. The Fund’s single promote and fee structure is tailored to meet the preferences of RIAs and family offices, fostering a transparent, LP-friendly approach.

Leveraging Proven Joint Venture Expertise

The Fund’s programmatic co-General Partner (co-GP) joint venture structure between JPI and Pinnacle Partners ensures alignment, consistency, and operational excellence across all projects. This partnership offers efficient decision-making and management processes, backed by both firms’ demonstrated track records in capital raising and project execution.

JPI 

A development and construction company bringing over 35 years of expertise in Class A multifamily housing having built over 117K homes representing $26B in value across the US. With a mission to transform building, enhance communities and improve lives, JPI leverages a vertically integrated platform to deliver best-in-class multifamily projects across the income spectrum.

Pinnacle Partners

An SEC-Registered Investment Advisor (RIA) focused on tax advantaged private real estate investment opportunities; specifically, through Qualified Opportunity Zones and workforce housing developments, in partnership with 50+ RIAs and hundreds of individual investors. Pinnacle has capitalized over $1B in multifamily development projects, including more than 2,400 units of multifamily housing, and sources off-market opportunities with best-in-class development partners. 

Why Workforce Housing

The U.S. is facing an unprecedented shortage of workforce and affordable housing, presenting what we believe to be a significant opportunity for real estate investors. According to the National Low-Income Housing Coalition, millions of affordable rental homes are required to meet the needs of low and middle-income families. In high-growth markets where job creation and population expansion have surged, the lack of affordable housing options has reached crisis levels, driving sustainable demand for workforce housing solutions.

To address the urgent market need for more attainable housing, JPI and Pinnacle Partners have teamed up to launch a new fund (“the Fund”) that will seek to capitalize 1,300+ units of newly developed housing, targeting rents for middle income families. By targeting what we’ve determined to be high-growth markets with rising populations and limited affordable housing supply, the Fund will aim to be strategically positioned to capitalize on stable cash flows, high occupancy rates, and capital appreciation. While there are no guarantees, this approach aligns with investors seeking both meaningful impact and competitive market returns.

What is Workforce Housing?

Many households with incomes that are above the levels typically targeted and defined as affordable (i.e., LIHTC, Section 8, etc.) face a lack of available housing that is attainable to them. This is where Workforce or “Middle Income” housing play a crucial role.​

Workforce Housing Definition

  • Can be defined by Area Median Income (AMI) serving households earning 60% – 150% of AMI​
  • Includes housing for individuals or families in markets where median home prices and mortgage payments significantly exceed rental costs for apartments​
  • Housing for essential workers, such as teachers, nurses, police officers, and retail workers within reasonable proximity to workplaces

Why Invest in Workforce Housing?

Strong and Stable Demand
Favorable Market Dynamics
Attractive Investment Returns
Positive Social Impact
Long-Term Resilience

RIA Channel Webinar

Learn more about our new Workforce Housing Fund presented by Pinnacle Partners’ Managing Partner Jeff Feinstein and JPI’s Chief Financial and Investment Officer Mollie Fadule, featuring a special guest, Paal Kibsgaard, Former Chairman 7 CEO, Schlumberger LTD. (SLB); Named one of Foreign Policy’s 500 Most Powerful People on the Planet

Get in touch with our team to learn more about this opportunity.

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Get in touch with our team to learn more about this opportunity.

General Inquiries
Blake Backer
Vice President, Investor Relations
blake@pinnacleoz.com
425.736.7084