Modern apartment living room with floor-to-ceiling windows overlooking a city skyline

Harper

We acquire multifamily and mixed-use properties in New York and run them with lean, technology-enabled operations—raising rent potential while keeping property-level costs low.

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Our thesis

The opportunity sits in the gap.

New York buildings are often too hands-on for passive owners and too fragmented for institutional capital. Harper brings disciplined acquisitions, local market knowledge, and hands-on execution to that gap.

Overlooked size. / Durable demand. / Operational complexity we can solve.

Investment approach

Conventional real estate first. Operating upside second.

Every acquisition has to stand on location, basis, durable rental demand, prudent leverage, and more than one path to value. A 30+ day furnished program can strengthen income, but it is never the reason to buy a building.

What we look for

01Free-market multifamily and mixed-use properties
02High-conviction New York neighborhoods
03A disciplined basis relative to comparable sales and replacement cost
04In-place demand that protects the downside
05Operational complexity that creates mispricing
06More than one path to hold, refinance, recapitalize, or sell

Furnished apartment living room with a floor-to-ceiling bookshelf arranged by color

Furnished living room with contemporary seating and large daylit windows

Furnished apartment interior overlooking a city skyline

Designer residential lounge with sculptural seating and floor-to-ceiling windows

Operating layer

A flexible operating layer for ownership.

Where appropriate, Harper can apply a 30+ day furnished program to improve income and preserve control without relying on transient stays. Dynamic pricing, broad distribution, centralized operations, and real-time demand data can increase revenue while keeping fixed property-level overhead low.

Revenue: A broader guest pool and dynamic pricing can strengthen cash flow relative to conventional long-term leasing.
Cost discipline: Utilities, cleaning, turns, and service costs can be incorporated into guest pricing, while centralized support and automation limit owner-side operating expense.
Regulatory discipline: Minimum 30-day stays, standardized agreements, and asset-by-asset legal review provide a clearer operating framework than short-term hospitality, reducing exposure to long-duration tenancy and improving control over occupancy timing, subject to applicable law.
Exit flexibility: Defined occupancy windows give greater control over lease expiration and unit-delivery timing, supporting renovations, refinancing, sales, or condo lease-up.

Our edge

Built to source, underwrite, and operate.

Harper combines disciplined acquisitions, lean property operations, and a proprietary research and underwriting platform that continuously sources, enriches, and analyzes opportunities.

New York residential building rising above a tree-lined neighborhood.

Minimal designer living room in daylight with a marble table and sculptural objects.

White minimalist living room with a low daybed sofa and natural textures.

Source

Automated sourcing monitors a broad set of on- and off-market properties and enriches each lead with ownership, listing, sales, rental, and property-level data. That breadth gives Harper consistent coverage of a fragmented market without a large acquisition team.

Underwrite

Standardized underwriting combines live submarket statistics, property-level rent and sales comps, operating assumptions, and scenario analysis. The system updates as market evidence changes and surfaces the focused set of opportunities that merit deeper work.

Operate

Live pricing and demand analytics inform leasing, renewals, and day-to-day decisions. Centralized workflows and automation reduce property-level overhead, helping convert more rent potential into durable cash flow.

Tree-lined brick walkway on a historic university campus

Our story

Harper began with two sides of the same question.

Tyler Tsay and Arjun Garg met at Wharton in a building called The Harper. Tyler had built operating systems for furnished monthly housing in New York. Arjun had spent years acquiring residential investments at institutional scale, including properties with alternative operating models.

Over six months, they tested whether those capabilities could create a durable advantage in New York buildings—through research, operator interviews, and deal-level underwriting. Harper was formed to put the two together.

Team

Tyler Tsay

Co-Founder

Tyler leads operations and asset execution at Harper. He is the founder and former Chief Operating Officer of Haus, where he built the operating system for furnished monthly housing across leasing, pricing, unit turns, vendor management, and guest experience. He previously spent four years at Boston Consulting Group. Tyler holds an MBA in Real Estate from the Wharton School and a BA from Williams College.

Arjun Garg

Co-Founder

Arjun leads acquisitions, underwriting, and capital markets at Harper. Before Harper, he spent five years at Starwood Capital Group acquiring and managing residential investments across the United States, including multifamily, single-family rental, and properties with alternative operating models. He also helped build the firm's single-family rental platform. Arjun holds an MBA in Real Estate from the Wharton School and a BBA in Finance and Real Estate from Emory University.

We are building Harper one acquisition at a time.

Invest with us.

We invest on behalf of individual investors, family offices, and institutional real estate capital seeking durable New York ownership rather than short-hold trades.

Or email us at hello@harpercos.com

Bring us a property.

We welcome introductions from owners and brokers with multifamily or mixed-use properties in New York.