We specialize in opportunistic real estate investments and partner with local operators possessing significant local market knowledge and a track record of operating success.


We focus on properties where repositioning, recapitalization, development, and superior management create value over the holding period. Prioritizing capital preservation, we structure investments that can weather varied economic environments while maintaining exposure to significant upside potential.


We implement a hands-on approach and target assets with a high potential to enhance value through repositioning, improved asset management, and development. While favoring growth markets, we do not endorse business plans which rely on cap rate compression or financial engineering to generate yield.

Investing in growth across the West

Appian invests across varied asset types in the Western United States. We target opportunities in growth-oriented markets providing our investors with a balanced investment portfolio not prone to the fluctuations of a single market or asset class.