When people think about investing, they often think in big swings — startups, stocks, moonshots, things that either work really well or sometimes not at all.

Real estate has always been different. It’s known to be one of the more durable ways people build wealth.

The challenge with investing in real estate has never been demand, it’s been access. Traditionally, investing requires large down payments, hands-on management, and becoming a landlord, essentially a second job. For many people, that isn’t realistic.

At Groma, our mission is simple: enable everyone to own a bit of the world around them.

The Groma Real Estate Trust gives everyday investors access to income-producing real estate without large down payments or landlord headaches. Investors own shares in a professionally managed real estate investment trust (REIT) that owns and operates small multifamily apartment buildings and distributes rental income quarterly.

Small apartment buildings — the triple-deckers and walk-ups found in cities across the U.S. — represent well over $1 trillion in real estate value. They house millions of people and generate steady income, but the market has historically been difficult to modernize and scale.

This is Groma's opportunity.

We operate hundreds of buildings through a unified operating platform. Our AI-powered operating system brings institutional discipline to acquisitions, renovations, and day-to-day operations, unlocking efficiencies individual owners and traditional REITs can’t match.

Today, Groma owns and manages $100M+ in properties and has delivered consistent quarterly distributions. Founded by a team with $8B+ in exits, including LevelUp’s acquisition by Grubhub, Groma is opening an institutional-grade investment strategy to everyday investors.

Future returns are not guaranteed.

The Groma Real Estate Trust is currently operating and generating cash flow and appreciation for investors, with quarterly distributions funded from rental income at a diversified set of small multifamily properties.

Small multifamily apartment buildings are the backbone of urban housing in America. These are unstaffed 2-20 unit buildings found in cities across the country. Together, they house tens of millions of people and represent more than 2 million buildings nationwide.

Despite that scale, this is one of the few major real estate asset classes that institutions have largely avoided. Small multifamily has long been fragmented and inconsistent, making it difficult to manage more than a handful of properties at a time.

Ideal for individual, local owners, this property category never developed the shared infrastructure needed to scale. As a result, ownership became inefficient and unpredictable, pushing institutional capital toward easier-to-manage asset classes.

When small multifamily failed to modernize, the costs added up.

Residents were left in outdated housing.

Owners faced rising costs with limited upside.

Investors were locked out of one of the largest income-producing real estate markets in the country.

Today, at a time of historic housing undersupply, millions of existing apartments are left in dilapidated conditions because the system around them never evolved.

This gap created one of the biggest inefficiencies in U.S. housing.

Groma was designed to run small apartment buildings differently. Instead of managing each property in isolation, the same renovation standards, workflows, and operating decisions are applied across all buildings. The result is consistency in a part of the housing market that historically had very little of it.

This is what allows hundreds of dispersed buildings to function like one professionally managed operation.

At the center of our portfolio is Grobot, Groma’s in-house AI-powered operating system built specifically for small multifamily buildings. Grobot coordinates what happens across the portfolio — acquisitions, renovations, leasing, maintenance, and day-to-day operations — so teams aren’t reinventing the wheel at every property. As more buildings come online, the system uses machine learning to get better at predicting costs, planning maintenance and renovations, as well as allocating resources.

Today, roughly 60% of recurring operational tasks across Groma are handled by Grobot, allowing the platform to scale without expanding headcount at the same rate.

As the portfolio grows, every building feeds data back into the system, sharpening underwriting, improving renovation outcomes, and lowering operating friction over time.

Automation handles what it’s good at: volume, repetition, and pattern recognition. People stay in the loop where judgment matters. Capital decisions, compliance, resident relationships, and investment approvals remain human-led. That balance is intentional, and it’s what keeps the system reliable as it scales.

All of this operating infrastructure sits inside the Groma Real Estate Trust, which is how rental income ultimately flows to investors.

With Grobot, small multifamily can finally be managed at scale. Performance comes from how the system operates as a whole, not from any single property.

That’s what turns a set of buildings spread across a city into an investable asset class.

When apartment buildings are managed one at a time, performance is uneven. Each property carries its own costs, risks, and operational challenges, making outcomes highly dependent on individual buildings and local conditions.

When those same buildings are operated as a portfolio, economics of scale emerge. Cash flow becomes more stable, costs come down, and performance becomes more predictable. That’s the difference between one-off ownership and professionally managed real estate at scale.

That’s what investors access with the Groma Real Estate Trust.

We’ve raised $70M+ largely from institutions and family offices to build and scale our strategy.

Groma is led by seasoned operators with deep experience across real estate, technology, finance, and operations. Much of the leadership team has worked together for 15+ years, developing a symbiotic operating rhythm through repeated cycles of building, scaling, and exiting companies together. They’ve driven more than $8B in realized exits, including LevelUp’s $400M+ acquisition by Grubhub and Grubhub’s later $7B acquisition.

That same systems-first, engineering-driven mindset now guides how the team approaches real estate. It shows up in disciplined execution, clear operating standards, and long-term decision-making across the Groma Real Estate Trust, all with the goal of delivering durable, repeatable returns for investors.

The gap between market size and institutional ownership defines our opportunity.

Future returns are not guaranteed.

The Groma Real Estate Trust is a REIT that owns and operates income-producing apartment buildings. When investors buy shares in the Trust, they become partial owners of a diversified portfolio of small and mid-sized multifamily properties without the work of buying or managing buildings themselves.

Rental income is collected across the portfolio. After operating expenses, debt service, and reserves are paid, remaining cash flow is distributed to investors on a quarterly basis. Over time, improvements in operations and net operating income support both ongoing distributions and long-term asset value growth.

Groma serves as the operator and manager of the portfolio on behalf of the Trust. We source properties, oversee renovations, and manage day-to-day operations. In return, we earn management and operating fees. Our incentives are aligned with investors: stronger overall performance benefits everyone.

This is not a venture model or a speculative strategy. Returns are generated by rent from existing housing, strengthened through disciplined operations and portfolio-level execution.

At the property level, Groma’s operating model has driven meaningful net operating income growth through disciplined cost control and standardized execution. That operating leverage has translated into steadily increasing asset values and 10 consecutive quarters of recurring cash distributions to investors, generated through ongoing operations rather than asset sales.

Across acquisition cohorts, operating expense ratios decline as properties are standardized and integrated into the platform.

Across the assets, operating expense ratios range from 29–38%, reflecting portfolio-level execution, well below the ~45-50% typical expense ratios that are the national average for properties of this size. These efficiencies support durable cash flow today and create operating leverage as the portfolio scales.

In addition to cash income, the portfolio is structured to grow in value over time. As buildings are renovated and integrated into Groma’s centralized operating platform, net operating income increases through standardized upgrades, reduced operating costs, and improved rent execution. These improvements support both distribution stability and long-term asset value growth.

Before launching the Groma Real Estate Trust, the Groma team validated this operating model through a closed-end fund in Boston that acquired 39 buildings, increased asset value from $62.5M to $82.3M, delivered approximately 20% gross internal rate of return (IRR), and materially reduced operating expense ratios through operational efficiencies. The REIT structure was created to make this model continuous, diversified, and scalable.

The Groma Real Estate Trust is structured as a private REIT. With quarterly redemptions, there is partial liquidity though real estate investors should generally be seeking to hold shares long-term. The focus is steady income, diversification, and compounding value rather than short-term trading.

The Groma Real Estate Trust is structured as a private REIT. Investors should expect limited liquidity and be prepared to hold shares long-term. The focus is steady income, diversification, and compounding value rather than short-term trading.

This is a cash-flowing real estate portfolio in operation today, built to deliver recurring income now and strengthen over time.

The Groma Real Estate Trust is built to scale intentionally.

After establishing a strong operating foundation in Greater Boston, Groma has begun expansion into Providence. The city offers similar housing stock, geographic proximity, and immediate operational leverage from Groma’s existing platform, making it a natural first step beyond the initial market.

From there, the Groma Real Estate Trust plans to expand into 20+ dense U.S. cities over time, focusing on markets with a high concentration of 2–20 unit apartment buildings, limited new supply, and fragmented ownership. These are markets where renter demand is consistent, institutional ownership remains low, and Groma’s technology, standardized renovations, and centralized operations create a clear advantage.

Expansion is approached market by market, building local density rather than spreading thin. Each new city is selected based on operating feasibility, risk-adjusted returns, and strategic adjacency to the existing footprint, allowing the platform to compound as it grows.

The markets shown on the map reflect current operations, near-term expansion, and medium-term opportunities, not a fixed sequence or commitment of capital. Growth will remain disciplined and paced by opportunity.

In parallel with geographic expansion, Groma is expanding who gets to own real estate.

Access to high-quality, private real estate has historically been limited to institutions and high-net-worth investors. The Groma Real Estate Trust is designed to open that access to everyday investors, allowing more people to own a stake in institutional-grade housing through a simple, transparent structure.

The Groma Real Estate Trust started out being accessible only to high-net-worth accredited investors. As the model stabilized, and the vehicle met key regulatory requirements, access was expanded to more investors. Groma’s mission is to enable everyone to own a bit of the world around them, and looking ahead, Groma plans to support additional ownership rails, including blockchain-based infrastructure as the regulatory environment around tokenized securities continues to progress. In this model, a token would represent the same underlying ownership in the Real Estate Trust, with identical economic rights and cash distributions, increasing access for investors large and small all across the world.

Our perks stack. Investors will receive perks at their level of investment and the perks of the levels under that amount.

By opening the Groma Real Estate Trust to community investors, we’re inviting a broader group of people to own a share of income-producing housing that already exists, actively generates rent, and presently supports real neighborhoods.

Everyday investors can own real assets, producing real income, over the long term.

When you invest in Groma, you’re investing alongside experienced operators in a portfolio that’s working today. You’re helping modernize existing housing, strengthen communities, and build a more durable model for urban real estate ownership.

If you believe housing should work better—for investors, residents, and cities—we invite you to join us.