Workforce Housing Investment · Western U.S.
Value-Add
Multifamily
Investment
Naturally Affordable. High-Yielding. Built to Last.
We acquire, reposition, and operate naturally affordable multifamily assets in supply-constrained markets — generating strong cash-on-cash yields and long-term appreciation for our investment partners.
Explore a Partnership
Our Strategy
Thad L. Meyer · CPA · CTP
25+ Years
Alliance Turnaround Management
La Jolla, CA
$1B+
Assets Structured
& Managed
$300M+
Equity Capital
Raised
275+
Residential Assets
Acquired & Sold
25+
Years Real Estate
Experience
"We focus on naturally affordable workforce housing — properties that serve working families without subsidies, generating predictable cash flow and real appreciation."
The Thesis
Most multifamily investors chase new construction or heavily subsidized product. We focus on an overlooked segment: existing, well-located workforce housing that is affordable by virtue of its age and market position — not government mandate.
These assets generate strong cash flow from day one, serve the most stable renter cohort in America, and offer meaningful upside through operational improvement and disciplined asset management.
Read the Full Strategy
Who We Work With
Partners & Capital Sources
Family Offices & Capital Partners
We structure investments for alignment, transparency, and consistent reporting. Co-sponsors receive direct access to our principals — not an investor relations team.
Capital Partner Inquiry
Brokers & Deal Sources
We are active acquirers of naturally affordable multifamily assets in Western U.S. markets. Off-market and lightly-marketed opportunities welcome. Fast decisions, straightforward process.
Submit a Deal
Investment Strategy
A Focused Strategy
in an Overlooked Market
Most multifamily investors chase the same assets. We focus on naturally affordable workforce housing — a specific, defensible segment that generates real yield from day one.
Our focus is naturally affordable workforce housing: existing, well-located multifamily properties that are affordable by virtue of their age, size, and market position — not by government mandate.
These assets serve the largest and most stable renter cohort in America, generate strong cash flow from acquisition, and offer meaningful upside through operational improvement and disciplined asset management.
It is a focused strategy that requires deep market knowledge, operator discipline, and the financial sophistication to structure and manage complex acquisitions. That is exactly what we bring.
How We Invest
Four Pillars of the Strategy
01
What We Buy
Naturally affordable multifamily — typically 20 to 150 units — in supply-constrained Western U.S. markets with strong employment and limited new construction. Cash-flow positive at acquisition, with clear paths to revenue growth.
02
How We Create Value
Value creation is operational, not financial. We improve NOI through disciplined property management, targeted capital improvements, and active revenue management — enhanced by selective leverage where accretive.
03
How We Protect Capital
Every acquisition is underwritten conservatively with CFO-level scrutiny applied to every line of the pro forma. We stress-test assumptions, model downside scenarios, and structure debt to survive rate volatility.
04
The Experienced Operator Advantage
Our principals are both experienced operators and financial managers of every investment. We are one entity who underwrites the deal, structures the capital, manages the asset, and reports to investors with full accountability.
Acquisition Criteria
What We Look For
Asset Type
Multifamily Residential
20–150 units. Garden, mid-rise, and townhome product.
Deal Size
$3M – $30M+
Flexible. Larger assets considered with co-sponsor structure.
Markets
Western U.S.
CA, NV, AZ, Mountain West. Opportunistic nationally.
Return Profile
Cash Flow + Appreciation
Strong day-one yield with operational upside.
Hold Period
5–7 Years
Flexible; driven by market conditions and LP goals.
Sourcing
On & Off-Market
Broker relationships, direct outreach, and referrals.
Target Markets
Western United States & Select Growth Markets
Discuss the Strategy
- California — supply-constrained coastal and inland markets
- Nevada — Las Vegas metro and Reno growth corridor
- Arizona — Phoenix metro and secondary markets
- Mountain West — select markets with strong employment growth
- Opportunistic acquisitions in other markets where thesis holds
- Off-market and broker-sourced opportunities reviewed continuously
Portfolio
Representative
Investments
A track record built acquiring, repositioning, and operating workforce housing across Western U.S. markets — generating consistent cash flow and above-market returns through disciplined value-add execution.
$1B+
Assets Structured
& Managed
$300M+
Equity Capital
Raised
$700M+
Debt Financing
Structured
275+
Residential Assets
Acquired & Sold
Portfolio Properties
Representative Investments
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Current Investment Activity
Alliance Turnaround Management is actively reviewing multifamily acquisition opportunities in Western U.S. markets. Capital partners and co-sponsors interested in future opportunities are encouraged to make contact now to begin the relationship.
CFO & Advisory Services
The Same Financial Discipline.
Available to Your Company.
The rigor that drives our real estate investment decisions is available as fractional, interim, or project-based CFO leadership for select engagements.
Contact Thad Directly
Thad L. Meyer, CPA, CTP has served as CFO or acting CFO for public companies, private equity-backed platforms, and founder-led businesses for over 25 years.
He is available for select fractional, interim, and project-based engagements where deep financial experience and immediate credibility with boards, lenders, and investors are required.
Engagements are accepted on a limited basis alongside active real estate investment activities.
Current Advisory Roles
Active Engagements
Current · CFO
Nuclear Fuel USA LLC
Chief Financial Officer & Founding Member
Current · Leadership
Varuna AI
Leadership & Tax Advisory
Current · Receivership
Court-Appointed Receiver
Multi-state residential portfolio (FL, NV, NY)
What We Offer
CFO Services
01
Fractional CFO
Ongoing part-time financial leadership. Scalable hours, institutional quality. Ideal for PE-backed companies and founder-led businesses seeking senior financial oversight without a full-time hire.
02
Interim & Acting CFO
3–9 month bridge engagements covering CFO departure, leadership gaps, or transaction-driven needs. Available immediately with rapid onboarding.
03
Capital Raising
Debt and equity strategy, lender negotiations, investor reporting, and fund formation. $300M+ raised across multiple fund cycles and asset classes.
04
Turnaround & Restructuring
Liquidity management, debt restructuring, covenant negotiation, lender relations, and forensic accounting. Court-appointed receiver experience across multiple jurisdictions.
05
Fund Formation
Operating agreements, PPMs, investor reporting frameworks, tax structuring, and regulatory compliance for private equity and real estate investment vehicles.
06
Transaction Support
Pre-sale financial preparation, due diligence management, data room coordination, and post-acquisition integration support.
Typical Clients
- Real estate operators & platforms
- PE-backed portfolio companies
- Founder-led & growth-stage companies
- Technology & AI businesses
- Family offices & operating businesses
- Nuclear, energy & emerging sectors
Typical Engagements
- CFO departure or leadership gap
- Capital raise or M&A transaction
- Liquidity event or debt restructuring
- Fund or entity formation
- Pre-sale financial preparation
- Court-appointed receivership