Asset
Student Housing
Adabi Capital Partners · Private Equity Real Estate
Where capital, discipline, and relationships compound.
A founder-led private equity real estate firm underwriting American cities to intrinsic value. Patient capital, disciplined underwriting, and partnership built to compound across cycles.
Investor Access →Founded2025
FocusSoutheast US
Ticket$3M – $25M
StrategyValue-Add / Opportunistic
Horizon
Patient Capital
We underwrite to intrinsic value, not to markets. Our model presumes cycles will come — and rewards the conviction that survives them.
Rigor
Underwriting First
Every deal begins with a memo, not a marketing deck. We pass on ten opportunities for every one we close — and we tell you why.
Partnership
Relationship-First
We co-invest alongside our LPs on every deal. Our incentives are your incentives. When you win, we win — and only then.
Featured Transaction
Active
The Laurel
Dahlonega, Georgia
A 76-bed student housing acquisition adjacent to the University of North Georgia. Value-add via unit-mix optimization, operational tightening, and rate discipline in an undersupplied Tier-4 university market.
Units
76 beds
Hold
5 years
Target IRR
22 – 26%
Transforming the next chapter of American real estate.
Sign up for occasional notes on the market, our deal pipeline, and thesis updates.
About · Founder-Led
A firm built on conviction, not consensus.
Adabi Capital Partners is a founder-led private equity real estate firm investing in the fabric of the American Southeast — focused on opportunities with deep intrinsic upside. Our macroeconomic conviction drives us to risk-adjusted views when selecting markets, opportunities, and capitalizations.
Jonathan Adabi
Founder & Managing Partner · Adabi Capital Partners
Jonathan is the Founder and Managing Partner of Adabi Capital Partners, where he is responsible for investment strategy, capital formation, and execution across the firm’s real estate platform — spanning both institutional capital markets and real estate finance.
Prior to founding Adabi Capital Partners, Mr. Adabi was with Ackman-Ziff Real Estate Group, where he was involved in sourcing and executing equity and debt placements across a broad range of asset classes and U.S. markets. Earlier, he spent several years in U.S. public equities, focused on IPO equity capital markets and structured transactions.
GraduateNew York University, Schack Institute of Real Estate — Masters of Real Estate Finance
UndergraduateSt. John’s University, Tobin College of Business — Bachelors of Finance
Macro Approach
We start with the map.
Every allocation begins with a top-down read — of demographics, capital flows, and structural dislocations. The submarket we underwrite is chosen before the asset is, because the wrong market at the right cap rate still loses money.
Risk-Adjusted View
Return without probability is fantasy.
We underwrite the downside as thoroughly as the base case. Every memo distributes returns across scenarios and prices in what could go wrong — not just what could go right. The best time to protect the exit is at basis.
Structured Capital
Structure is where returns live.
Every deal is engineered from the capital stack down — how equity meets debt, how debt meets fund structure, how the fund meets the LP. Structure is not an afterthought; it’s the difference between a base-case return and an outperforming one.
Portfolio · Selected
Selected transactions.
A snapshot of what Adabi buys, holds, and returns. Deals below are placeholders in this preview and will be swapped for live transactions as they close.
Have an opportunity you’d like to share?
If you’re a broker, sponsor, or operator with an opportunity, we want to hear it.
Send it over →Investor Portal
Investor Portal.
Secure access for LPs to deal documents, K-1s, distributions, and quarterly reporting.
Encryption
TLS 1.3 · AES-256
Portal
Juniper Square
Sign In
Welcome back.
Two-factor authentication required · Not yet an investor?
Powered by Juniper Square