Major Projects Completed
Active Project Portfolio
Pipeline Units

Our Strategy
Targeting Opportunity in Dislocation
Our focus on supply-constrained urban markets positions us to capitalize on the structural housing shortage while avoiding overbuilding risk seen in Sunbelt regions.
More on our Investment Strategy
MARKETS
Targeting High-Barrier, Supply-Constrained Markets
We build in high-barrier, supply-constrained markets where housing demand outpaces supply and complex development challenges create outsized opportunity. Our focus includes the Northeast, Mid-Atlantic, and Chicago, with an emphasis on urban infill, transit-connected neighborhoods, and areas primed for office-to-residential conversion.
These regions offer protection from the overbuilding seen in the Sunbelt and allow us to leverage our entitlement expertise, construction capabilities, and deep local relationships to unlock value others overlook.
Recent Press

Multi-Housing News · September 22, 2026
Commonwealth Lands $113M in Financing for Chicago’s Largest Conversion Project
The project will include a mix of luxury and affordable apartments.

Pittsburgh Post-Gazette · October 9, 2025
Downtown Pittsburgh skyscraper to be bought by Connecticut developer
Pittsburgh Post-Gazette coverage of the Grant Building in Downtown Pittsburgh.

The Real Deal · October 16, 2024
Commonwealth moves forward with Magnificent Mile office-to-residential conversion
Coverage of Commonwealth’s plans to convert 500 North Michigan Avenue into 320 apartments while retaining the lower-floor retail space.



