Antheus Capital is a private real estate company focused on the acquisition, development and redevelopment of apartment properties in select supply-constrained submarkets located throughout the United States. The company was founded in 2002 by Eli Ungar and David Gefsky. Today the portfolio consists of approximately 7,800 units and 365,000 square feet of commercial space. Antheus specializes in historic renovation of apartment housing.

We are very particular about where we invest, focusing our efforts solely on markets that benefit from a structural supply/demand imbalance that cannot easily be reversed. Eschewing “trades” that provide one-time gains, we limit our activity to submarkets where we can produce attractive year-after-year operating increases, in addition to the benefits that result from opportunistic acquisitions and value-added redevelopment. In these markets we have been able to take advantage of early stage gentrification trends to acquire assets at significant discounts and reposition them to command above-market rents and long-term rental growth.

Investments often include a significant repositioning component through extensive design and renovation activity that involves emptying buildings, conducting a complete restoration and then re-tenanting at higher rents. Antheus has a track record of innovative design, transforming neglected buildings into architecturally impressive and financially thriving residences.