What we own and operate.

Multifamily

Massachusetts10 units

24 Pearl St

Multifamily · Acquired 2026

Value-add in progress

A 10-unit multifamily with clear operational upside through leasing, unit turns, and expense discipline.

Thesis

A 10-unit multifamily with clear operational upside through leasing, unit turns, and expense discipline.

What we found

Vacancy and rollover at diligence, deferred items to address, and utility/vendor accounts to reset onto proper systems.

What we’re doing

Turning units, resetting rents to market, completing flooring and capital items, and standing up property-level operating and vendor systems.

Massachusetts7 units

7-Unit Multifamily

Multifamily · Acquired 2024

Long-term hold

A value-add multifamily with room to improve units and operations over a long hold.

Thesis

A value-add multifamily with room to improve units and operations over a long hold.

What we found

Under-market rents and deferred maintenance typical of a long-held small multifamily.

What we’re doing

Renovated and stabilized through market rents and hands-on management; held for the long term.

Massachusetts3 units

35 Lincoln St

Multifamily · Acquired 2025

Long-term hold

A small multifamily where disciplined operations and light improvements support durable cash flow.

Thesis

A small multifamily where disciplined operations and light improvements support durable cash flow.

What we found

A tidy small building needing operational tightening rather than a heavy rebuild.

What we’re doing

Stabilized rents and operations; positioned as a long-term hold.

Selected earlier holdings

Certain properties are owned through affiliated entities, including Jade Equities, and are part of the portfolio operated by Black Pine’s principal. Operating details are summarized; property-level financials are available to qualified investors under appropriate confidentiality.