Investment Strategy

Five Verticals.
One Rural Focus.

Every dollar deployed by SMG QROF targets a structural gap in Michigan's Upper Peninsula economy — housing, commerce, industry, business, and hospitality.

01

Homes for Workers

Workforce Housing

Housing the people who build communities.

Rural employers across the U.P. struggle to recruit when new hires have nowhere to live. SMG QROF targets new construction and substantial rehabilitation of small-to-mid-scale multifamily properties serving households at 60–120% of Area Median Income — the nurses, teachers, tradespeople, and first responders that anchor a community.

60–120%

AMI Target Range

New + Rehab

Construction Strategy

02

Reviving Main Street

Main Street Mixed-Use

Ground-floor commerce, upstairs living, renewed downtowns.

Historic downtown buildings across the Eastern Upper Peninsula sit half-empty — storefront windows papered over, upper floors sealed for decades. We acquire and substantially rehabilitate this underutilized building stock, restoring ground-floor commercial space alongside upper-floor residential units to create mixed-income, mixed-use urban fabric.

Adaptive Reuse

Development Type

Historic + New

Building Stock

Flexible buildings for growing local businesses.

Contractors, trades, and light manufacturers in rural Michigan are constrained by a near-total absence of modern flex space. We develop and reposition small-bay facilities — contractor yards, warehouse bays, and light manufacturing units — designed to adapt as tenant needs evolve and local economies diversify.

Multi-bay Flex

Building Format

Industrial + Office

Use Mix

04

Keeping Businesses Local

Rural Business Succession

A path forward for retiring owners.

Profitable rural businesses with no succession plan represent one of the most overlooked opportunity types in Qualified Opportunity Zones. We acquire operating businesses paired with real estate, retain existing staff, invest in operational improvements, and ensure the continuity of services that anchor small-town economies.

QOZB Structure

Entity Format

70% Test

Tangible Property

05

Welcoming More Visitors

Visitor Economy & Hospitality

Lodging and amenities for Northern Michigan.

Established seasonal demand markets across Northern Michigan leak visitor spending due to aging or insufficient lodging inventory. We target hotel acquisitions and new-construction hospitality assets with proven demand, developing properties with shoulder-season operating strategies that extend economic activity year-round.

Seasonal + Year-Round

Demand Profile

Lodging + Commercial

Asset Types