Platform 01 · Real EstateActive · Deploying

    Mission-driven real estate, institutionally underwritten.

    We partner with Catholic dioceses, faith institutions, nonprofits, and mission-aligned landowners to unlock the full value of underutilized property. We transform it into vibrant, sustainable, walkable communities. The result is long-term capital that funds and expands the institution's mission.

    In motion
    Status
    Underwriting Q2 pipeline
    Geography
    Midwest · Southeast
    Vehicles
    Funds & JV co-invest
    Multifamily · Mixed-use
    Asset focus
    $5M to $75M
    Total capitalization
    Secondary / Tertiary US
    Geography
    7 to 15 years
    Capital horizon
    Track record

    Three decades of mission-aligned real estate.

    Numbers are aggregated across funds, joint ventures, ground leases, and direct development executed by the Beckett real estate platform and its principals. Performance is presented gross of fees on a project basis, includes realized and unrealized positions, and is supplemental to ABF Real Estate fund-level results. Past performance is not indicative of future returns.

    $0M+
    Project capitalization
    Across multifamily, mixed-use, and adaptive reuse
    0+
    Units delivered or in development
    Workforce, market-rate, and senior housing
    0+
    Faith & nonprofit partners
    Dioceses, parishes, and mission-aligned landowners
    24 to 36 mo
    Typical project lifecycle
    Pre-development through stabilization
    Thesis
    The most undervalued asset in American real estate is the parking lot behind the church.

    For generations, faith-based and nonprofit institutions have stewarded some of the most strategically located land in the country. This real estate is more than just property; it is a profound patrimony and a legacy of service. Yet, many of these organizations have lacked the capital, expertise, and patient partner required to unlock its full potential.

    We exist to be that partner. We understand that it is crucial to honor your legacy by creating enduring financial sustainability for the future, while simultaneously delivering mission-aligned outcomes today. We bring institutional underwriting, in-house development, and a long-term cap stack to organizations that have always been told their land is too complicated or too mission-sensitive for traditional capital. We do well by doing good. Our track record proves that preserving your patrimony and achieving financial strength are never in tension.

    While our edge is mission-aligned land, we also partner with secular sponsors and market sellers in the same secondary and tertiary metros where our underwriting and operating bench create an advantage.

    Criteria

    What we develop

    We invest in high-performing, purpose-driven projects in markets often overlooked by traditional capital. These are places where strong fundamentals, faith partnerships, and disciplined design create disproportionate impact.

    Asset types
    MultifamilyMixed-useAdaptive reuseWorkforce housingSenior livingUrban infillHospitality
    Markets
    Secondary USTertiary USFaith-corridor metrosSun Belt
    Project size
    150+ unit developments$5M to $75M total cap$2M to $20M equity
    Sourcing
    Catholic diocesesChurch landNonprofit holdingsDiocesan portfoliosSponsor partnershipsMarket sponsors
    Hold
    3 to 4 years7 to 15 yearsRefinance + recapLong-term mission alignment
    What we build

    Where we develop, and why.

    Four asset categories where mission-aligned land, secondary-market fundamentals, and disciplined design compound into both impact and return.

    01 · Sector

    Affordable & Workforce Housing.

    Market-rate · Workforce · Affordable bands

    Developments of 150 units or more designed around walkability, efficient unit mix, and durable demand. Often delivered with a affordable-housing component for ministry-affiliated families and local educators, nurses, and first responders.

    02 · Sector

    Mixed-Use & Urban Infill

    Tertiary-market activation

    Underutilized parcels in tertiary downtowns and faith corridors. Repositioned into ground-floor retail, community programming, and residential above. Designed to anchor the neighborhood, not just occupy it.

    03 · Sector

    Adaptive Reuse

    Church campuses · Historic structures

    Church campuses, decommissioned schools, and historic structures reimagined into income-producing real estate. We preserve the institution's footprint, restore the building, and fund its next chapter.

    04 · Sector

    Senior Living

    Faith-aligned · Programmed

    Purpose-built senior housing developed in partnership with parishes and faith institutions. On-site programming partnerships preserve the spiritual community residents have spent a lifetime in.

    How we partner

    Beyond capital, specific to real estate.

    01

    Entitlement

    We navigate zoning, community engagement, and faith-stakeholder governance. This is the work most capital walks away from.

    02

    Development

    Institutional GC relationships, in-house program management, and disciplined budget control from groundbreak to certificate of occupancy.

    03

    Stabilized operations

    Property management, asset management, and capital events handled by a bench built over three decades.

    04

    Community partnerships

    Programming, services, and amenities that honor the mission of the original landowner. They lift the surrounding neighborhood as well.

    How we deploy

    Funds, JVs, and ground leases. Capital that fits the steward.

    Mission-aligned landowners need optionality, not a one-size product. We meet institutions where they are. We preserve ownership where that matters and provide outright capital where it does not. We meet LPs with the vehicle that fits their mandate.

    Vehicle · 01

    Beckett Real Estate Funds

    Diversified · Multifamily-led

    Discretionary capital deployed across a curated pipeline of mission-aligned development and value-add multifamily across secondary and tertiary US markets.

    • Multifamily, mixed-use, adaptive reuse
    • $2M to $20M equity per project
    • 7 to 15 year hold horizon
    • Diversified by market, vintage, and asset type
    Vehicle · 02

    Project-level JVs & co-invest

    Selective · Single asset

    Special vehicles for landmark projects. Long-term ground leases with dioceses, JVs with faith institutions, and sponsor partnerships where LPs want direct exposure to a specific property.

    • Long-term diocesan ground leases
    • Joint ventures with faith and nonprofit institutions
    • Sponsor co-investment alongside the fund
    • LP optionality on each project
    Our process

    From parcel to stabilized asset, end-to-end.

    24 to 36 months · pre-dev to stabilization
    First call to wire
    1. 01

      Market & site analysis

      Feasibility studies, market underwriting, site diligence, and early conversations with parish, diocesan, or nonprofit stakeholders.

    2. 02

      Pre-development planning

      Zoning strategy, community engagement, financial modeling, and initial design. Typically 6 to 12 months before breaking ground.

    3. 03

      Capital structuring

      Equity, construction debt, agency takeout, tax credits, and any incentives sized into a stack that aligns sponsor, LP, and landowner.

    4. 04

      Design & construction

      Institutional GC relationships, sustainability-led design (LEED-aligned), in-house program management. Typically 12 to 24 months from groundbreak to certificate of occupancy.

    5. 05

      Lease-up & stabilization

      Tenant acquisition, property management, and operating optimization. Typically 6 to 12 months to stabilization.

    6. 06

      Asset management & exit

      Long-hold operations, refinance and recap events at the right moment, and ongoing reporting to LPs and landowner partners.

    Active Pipeline

    Six engagements. Four markets. In motion.

    Q1 2026 — pre-development across diocesan and university partnerships.

    0
    Active engagements
    0
    Markets
    0
    Partnership models
    1. Market
      Grand Rapids, MI
      Partnership model
      Church Development
      Pre-Development
    2. Market
      Grand Rapids, MI
      Partnership model
      Mixed-Use JV
      Pre-Development
    3. Market
      Berkeley, CA
      Partnership model
      University Partnership
      Pre-Development
    4. Market
      Princeton, NJ
      Partnership model
      University Partnership
      Pre-Development
    5. Market
      Pittsburgh, PA
      Partnership model
      Church Development
      Pre-Development
    6. Market
      Pittsburgh, PA
      Partnership model
      University Partnership
      Pre-Development

    Detailed project memoranda available to qualified institutional partners under NDA.

    General Partners

    The partners leading Real Estate.

    Every dollar on this platform is underwritten, structured, and stewarded by the operators below. They sign the deals, sit on the boards, and answer the calls.

    Strategic Advisors · 4

    Operators behind the brands our founders want to build.

    • Larry Blanford
      Larry Blanford
      Real Estate Advisor

      Retired CEO of Green Mountain (Keurig). Led 7 public companies including roles at P&G. Serves on boards including EWTN, Catholic University, and Ave Maria Law. Harvard AMP.

    • Clarence Rivette
      Clarence Rivette
      Real Estate Advisor

      30+ year global executive. President of WRG. Led M&A, JVs, and growth in 42+ countries. Partner in 30+ ventures across industries.

    • Todd Oosting
      Todd Oosting
      Real Estate Advisor

      Strategic Advisor to Beckett's Real Estate platform. Decades of operating and capital experience across development, construction, and asset management.

    • Michael Garret
      Michael Garret
      Real Estate Advisor

      Strategic Advisor to Beckett's Real Estate platform. Deep expertise across institutional real estate, capital formation, and portfolio strategy.

    Frequently asked

    The detail people ask for, kept on hand.

    Practical questions from founders, sponsors, and LPs: grouped by topic, answered directly. Need something not covered here? Start a conversation.

    Why Beckett

    Faith & nonprofit partnerships

    Project lifecycle

    Sustainability & community

    Capital & returns

    Our stance

    How we partner with mission-aligned landowners.

    Always
    Will you preserve the landowner's mission?

    Yes. Every structure we build (ground lease, JV, or acquisition) is designed to honor the institution's charism and surface long-term cash flow that funds its mission, not extract from it.

    Yes
    Will you do ground-up development?

    Yes. We run development end-to-end on most of our projects, with in-house program management and institutional GC partners. We do not hand off the work that matters.

    Yes
    Do you build sustainably?

    Yes. Energy-efficient systems, low-carbon materials, water management, and LEED-aligned design are baseline, not upgrades. Sustainability is underwriting, not marketing.

    No
    Do you chase trophy markets?

    No. We deliberately concentrate in secondary and tertiary US metros. These are places where capital is scarce, fundamentals are strong, and our work makes an outsized difference.

    Sometimes
    Will you take a passive role?

    Only when an exceptional sponsor is leading and our role is best as capital and counsel. Default is hands-on, from feasibility through stabilization.