The Yard

Ann Arbor, MI

The Yard, our mixed-use student community, is located three blocks from the University of Michigan, on the east side of South Main Street and just south of East Madison Street.


Tempe, AZ

The Residences is a luxury student living community at the intersection of East Orange Street and South Terrace Road, within walking distance to the Arizona State University campus.


New Brunswick, NJ

Our high-rise, off-campus student-living community at Rutgers University, just steps from College Ave Campus, offers fully furnished one-, two-, three-, four- and five-bedroom apartments in a location that caters to students’ thriving social and academic lives.

Developing Community with Meaning

Subtext is an integrated real estate development company that creates better ways for students and young professionals to live and connect.

Our development platform is driven by real-world data. By digging into the macro and micro trends affecting our residents, we develop innovative buildings that complete what’s missing from the housing market. We’ve built communities housing over 4,300 residents and counting, with a pipeline of $740M+ of mixed-use projects across the country.

Collaborating with our partners, we’re able to both maximize project value and build communities that foster belonging. As we develop housing, we uncover what it means to be home.

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Real Estate Development

Passionate, informed and innovative student and young professional housing.

We develop, first and foremost, for students and young professionals, chasing down development opportunities that help them pursue their best lives in the most vibrant communities. Our approach has taken us to cities across the country, from coast to coast, developing over $1.1B in projects along the way. Each new building we develop, whether it’s student housing pedestrian-to-campus or highly walkable, transit-oriented homes for young professionals, is designed with our residents in mind.

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Construction Management

Highly efficient integrated operations and rigorous, on-brand execution

We know from experience that developing a plan only gets us halfway. So we’ve integrated construction management alongside development, ensuring that the execution matches the vision. Our in-house design and construction-management team promotes efficient decision-making, sparks rapid design progress and reveals practical possibilities where others only see challenges. With everyone aligned and nothing lost in translation, we’re able to serve our residents and look after our partners.

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