Investments
Gravel Road creates Workforce Housing through preservation and development. We establish alignment between our investment objectives, our residents, and local communities. We often partner with local governments to rent-restrict units in exchange for project incentives. Our model generates stable returns without requiring material rent increases.
Preservation
Acquisition of existing apartments to create mixed-income communities, with a focus on 80% AMI residents
Development
Ground-up development and conversion of obsolete real estate
Investment Themes
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Below Market Basis
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Durable Income Streams
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Property Tax Advantages
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Inflation Protected
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Fast-Tracked Approvals
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Density Bonuses
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Grant Funding
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Environmental & Social Impact
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Below Market Financing
Primary Markets
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Florida
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New Jersey
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Viriginia
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North Carolina
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Utah
Featured Transactions
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Bayou Court is a 60-unit apartment community located in St. Petersburg, Florida. GRP completed the ground-up development of the asset in 2025.
Structure: Public-Private Partnership with the City of St. Petersburg and Pinellas County, Florida. The project is a mixed-income community featuring units between 50% and 120% of AMI.
Oasis at Bayside is a 304-unit apartment community located in Largo, Florida. GRP entered into a Joint-Venture with Bridge Investment Group to acquire the asset in 2025.
Structure: Public-Private Partnership with the Housing Finance Authority and Pinellas County, Florida. The project is a mixed-income community featuring units below 80% of AMI, as well as market rate units.
Bridgewater Court is 128-unit apartment community located in Bridgewater, New Jersey. GRP purchased the asset in 2023 as an extended-stay hotel and completed extensive renovations in 2024 in the conversion to apartments.
Structure: Public-Private Partnership with the Bridgewater Township. The project is a mixed-income community featuring units between 30% and 60% of AMI, as well as market rate units.
Local Government Partners
Gravel Road prides itself of the formation of
Public-Private Partnerships with local governments. Below are a few of our most trusted partners.
