CarbonInvestor Portal

ABOUT CARBON

We Built an Operating Company First.

The majority of returns in this asset class come from great operations. Most asset managers outsource that to a third-party manager. We go the other direction. Carbon built the operating company first, and we put our energy into team, culture, and technology rather than financial engineering. Roughly 100 people, 14 communities, 2,500 doors owned and managed across Alabama, Arkansas, Florida, Georgia, and Texas.

2,500
HOMES Owned and Managed
~$400M
Gross Asset Value
95%
Average Occupancy
14
Communities Owned and Managed
100
Employees

WHO WE HOUSE

Who Lives in a Carbon Building

Our resident earns $50,000 to $80,000. She's a teacher, a nurse, a shift supervisor, a plumber. She earns too much to qualify for tax-credit housing and too little for the new Class A building downtown, and almost nobody is building for her. She wants a safe building, a landlord who fixes things, and a school district she'd choose for her own kids.

That's the whole business. Our returns come from residents staying, and residents stay when the building is run well and sits in a neighborhood they'd have picked anyway. Doing right by the resident and doing right by the investor is the same trade in workforce housing. That alignment is structural to the asset class, and it's most of the reason we chose it.

Resident Programs

Back-to-School Drives

Supplies and support for resident families at the start of each school year.

Family-Friendly Renovations

Unit and amenity upgrades built around how families actually use the space.

Holiday and Resident Events

Community events that give neighbors a reason to know each other.

These programs are good for the people who live in our buildings. They also show up in retention. Both are true.

THE VISION

20,000 Homes by 2034

Carbon operates 2,500 homes today. Our ten-year target is 20,000, every one of them for the resident described above. That number is what the company is run against.

Reaching 20,000 on the same platform is the reason we built the platform the way we did. Vertical integration and the technology layer are what let the operating machine grow with the portfolio instead of buckling under it.

2,500Homes Today
20,000Homes by 2034
14Communities Today

OUR PLATFORM

How Vertical Integration Works

The same team owns the business plan from acquisition through disposition. Underwriting, construction, leasing, maintenance, and reporting all sit inside Carbon. Nobody hands the asset off, nobody's incentives change halfway through the hold, and there's no vendor to blame when a business plan slips.

Acquisitions

Source Class B/C multifamily in secondary Sun Belt markets. Underwrite to in-place yield first, upside second.

Renovation

In-house construction oversight executes renovation plans on schedule and on budget. Rent lift drives NOI growth.

Operations

Our in-house property management team manages every property end-to-end. The same team that underwrote the deal runs it day-to-day.

Investor Returns

Quarterly distributions for stabilized properties. Refinance or disposition events return equity to LPs.

HOW WE BUILD THE TEAM

We Build the Team the Way We Build the Software

We recruit our own operators. Outbound and direct, aimed at people already doing the job well somewhere else, rather than posting a role and waiting to see who applies.

The six values below decide who joins and who stays.

This is a people-intensive business. A resident's experience passes through a lot of hands between the first inquiry and the last day of the lease. Technology coordinates them. Culture is what makes them want to do the work well. We've seen what happens when great people and a strong culture run on our own technology stack.

+96%

Tour attendance per lead

-50%

Make-ready time

-25%

Cost per lead

Source: Carbon internal operating data, Q3 2026. Figures reflect portfolio performance following technology stack deployment and are not a guarantee of future results.

CORE VALUES

The Six Values

These six values decide who joins Carbon and who stays.

Growth mindset, practice kaizen

High integrity

Do what you say, own your wins and losses

Discipline

Be purposeful, thoughtful, and diligent

Build to last, Take the long view

Connection

Build genuine relationships that earn trust and respect

All in, All out

Work hard, play hard

LEADERSHIP

Built to Operate. Led by Operators.

Carbon employs around 100 people across investments, construction, property management, leasing, marketing, and technology. The leadership team below runs it.

Cody Littlewood

CEO & Co-Founder

Cody leads Carbon's operations, growth strategy, and the vertically integrated platform that connects acquisition underwriting with day-to-day asset management. Before Carbon, he spent twelve years building and running a software company, and that engineering discipline is the foundation of the technology layer Carbon operates on today. Under his leadership, Carbon has scaled to 14 workforce housing communities across five states with 2,500 doors owned and managed.

Michael Pouliot

Chief Investment Officer & Co-Founder

Michael leads acquisitions, underwriting, and capital strategy across Carbon's workforce housing portfolio in the Sun Belt. He is a CFA charterholder and holds the CAIA designation, and he earned his finance degree from Boston University. He previously traded fixed income at J.P. Morgan and held investment roles at Merrill Lynch, and his private equity work on distressed workouts shaped the underwriting discipline he applies to Carbon's multifamily strategy today.

Robbie Garippo

President of Operations

Robbie oversees property-level execution, capital improvements, and the operational discipline that turns acquisitions into stabilized cash-flowing assets for investors. His work connects investment underwriting with our on-site teams, ensuring every business plan is delivered on schedule and on budget.

Operating Team

The directors who run the platform day-to-day.

Jay Kochar

Asset Management Director

Pao Barrera

HR Director

Andres Cueto

Marketing Director

GET STARTED

Invest Alongside the Team That Operates It

New to Carbon? Start with a short accredited investor intake, then an intro call, then access to the data room. Already invested? Your offerings, PPMs, K-1s, and distribution records live in the portal.

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