Caste Capital

Caste Capital is a real estate private equity firm focused on affordable housing in New England. We acquire, create, manage, and preserve middle-market affordable housing that others overlook. Strategy Affordable housing. New England's affordable housing stock is aging, underfunded, and increasingly at risk of conversion, neglect, and distress, even as demand persistently outpaces supply. It is an asset class that rewards patience, local knowledge, and methodical management. Caste Capital leverages its local networks and institutional training to drive strong, long-term, risk-adjusted returns and positive resident outcomes through grounded underwriting and proactive asset management. What we do Acquire. We acquire middle-market affordable housing across New England with a focus on assets at risk of market conversion, financial distress, or capital starvation. ​ Create. We develop new affordable housing where demand and policy alignment make it viable, in partnership with municipalities, operators, and mission-aligned stakeholders. ​ Manage. We partner with best-in-class affordable housing property managers and consultants to operate our portfolio with discipline and local fluency. ​ Preserve. We acquire and steward at-risk affordable housing to extend affordability, stabilize communities, and create lasting value.