Apartments near Greenville, SC — Alex Reynolds / Unsplash

Multifamily real estate, acquired with discipline.

Cedarwood Residential acquires sustainable, cash-flowing multifamily properties across the Southeast and Midwest — underwritten conservatively, structured to perform from day one.

7.5%
Target stabilized yield on cost
18%+
Target IRR
8%+
Target cash-on-cash return
Modern multifamily apartment building with geometric balconies
Investment strategy

Data before conviction.

Cedarwood focuses on multifamily properties built after 1990 across the Southeast and Midwest — assets with modern construction, manageable capital needs, and durable renter demand.

Every deal is underwritten "un-trended": we value each property on the income and expenses it produces today, not on assumed rent growth or future trends. If a deal only works because the market has to cooperate, we pass.

Asset type
Multifamily
Vintage
Built after 1990
Regions
Southeast & Midwest
Underwriting
Conservative, un-trended
How we evaluate a deal

Three things every acquisition has to prove.

Cash flow, on day one

We acquire assets that are already producing positive cash flow at an attractive basis — not properties that need the market to improve first.

Controllable downside

Comprehensive data analysis identifies upside potential while keeping downside risk within a range we can plan for, not hope around.

A basis that holds up

An attractive purchase basis is the foundation of every deal we underwrite — the return has to work before anything else does.

Recent activity

Where we've been putting capital to work.

Louisville, Kentucky skyline at sunset over the Ohio River
Closed Q4 2025

Louisville, KY multifamily acquisition

Cedarwood closed out 2025 with a multifamily acquisition in the Louisville metro area — a continued push into Midwest markets. Heading into 2026, we're targeting further middle-market multifamily opportunities across our core regions.

What we operate on

Genuine relationships are the bedrock of the business.

01

Authenticity & trust

We prioritize honest, direct relationships with investors and partners over transactional ones — trust and mutual understanding come first.

02

Data-driven decisions

Comprehensive data analysis backs every decision, fostering a culture of continuous improvement and accountability at every stage of a deal.

03

Excellence as the standard

From underwriting to asset management, excellence is the cornerstone of how Cedarwood operates — not an occasional target.

Leadership

Two principals, one underwriting discipline.

Deep experience in finance and acquisitions before Cedarwood — that background shapes how every dollar of NOI gets treated.

Daniel Lewis, Founding Principal at Cedarwood Residential

Daniel Lewis

Founding Principal

Daniel began his real estate career at Walker & Dunlop, where he financed more than $3.5 billion across multifamily, retail, office, hospitality, and mobile home park assets, and built a proprietary underwriting model used across the firm. He later served as Director of Finance at Nelson Communities, overseeing analysis and asset management for manufactured housing communities across the Southeast.

$3.5B+Financed at Walker & Dunlop
Yoni Eichler, Founding Principal at Cedarwood Residential

Yoni Eichler

Founding Principal

Yoni started his career in finance at Citadel Care Centers, an institutional healthcare company, overseeing the financial operations of a $300 million portfolio of skilled nursing facilities. He then moved into multifamily acquisitions at Valor Residential, underwriting hundreds of deals and helping negotiate more than $500 million of multifamily property acquisitions.

$500M+Multifamily acquired at Valor
Get in touch

Partner with us.

Whether you're an investor, a broker with a deal, or exploring a role at Cedarwood — reach out directly.

Based in
New York, NY
Focus
Southeast & Midwest multifamily

Founded and run by two principals — when you reach out, you hear back from Daniel or Yoni directly.