Great Expectations
Seattle, WA 51–200 employees 4 principals
Last updated by Dawn
About Great Expectations
Great Expectations is a real estate operator headquartered in Seattle, WA. Great Expectations operates in Portland, Oregon and Seattle, Washington. Its investment focus is on Affordable Housing, LIHTC and Micro-apartments.
Great Expectations LLC is a private, vertically integrated social purpose corporation (SPC) based in Seattle, Washington. Founded in 2019 by Benjamin Maritz, the firm has 7 years of operating history. This boutique enterprise manages its Pacific Northwest real estate activities with a specialized internal team of approximately 11 to 50 real estate, asset management, and property management professionals. The enterprise concentrates its real estate strategy exclusively on the acquisition, development, and preservation of workforce and affordable housing. Its business model utilizes high-density, highly efficient eco-units and micro-apartments to deliver naturally occurring affordable housing without relying solely on traditional public subsidies. The firm's integrated platform coordinates everything from capital structuring and ground-up development to construction oversight and long-term operations. The company's regional portfolio encompasses 21 owned properties containing 1,639 active residential units, with more than 6,150 total units managed across its platform. Its active development and preservation pipeline consists of approximately 650 additional units in urban markets like Seattle, Tacoma, and Portland. To maintain affordability, the firm self-performs property management through its affiliate, Arboreal Management, while using innovative financing structures such as recycled tax-exempt bonds and Fannie Mae forward commitments.