Type Two Capital Partners advises on and invests in complex, value-add real estate — the kind of work that demands patience and conviction, and rewards both. Institutional discipline, an operator's hands, and a genuine edge in outdoor and experiential hospitality.
We advise owners and investors on real estate that others find too complicated, too operational, or too far off the beaten path — and take selective positions in the deals we believe in most. Then we do the work to make it perform.
From evaluating a new market to stabilizing an existing asset, we work with owners, operators, and developers at every stage — bringing institutional rigor, hands-on execution experience, and modern analytical tools and AI-enhanced workflows to every engagement. Engagements can span the full lifecycle or focus on a specific phase — whatever the project actually needs.
Deal sourcing and opportunity evaluation, underwriting and financial modeling, due diligence, capital structuring, and partner coordination. From identifying the right market to closing on terms that make sense.
Predevelopment planning, entitlements and permitting, design management, contractor selection, construction management, and project controls. The phase where most value is created — and where execution discipline is the difference.
Operational assessments, revenue management strategy, repositioning planning, stabilization, and ongoing asset management. For operators looking to improve what they have, and investors looking to protect what they bought.
Alongside our advisory work, we take co-GP and direct investment positions in deals that match our thesis. Our investment focus spans outdoor and experiential hospitality, residential, and industrial and storage assets — where we see durable demand and a real execution edge. We invest where we know how to operate, not just own, and structure every deal around aligned incentives and patient capital.
"Type Two" is a nod to the outdoor idea of type-two fun — demanding in the moment, deeply rewarding in hindsight. It's also how we think about real estate: the most durable returns come from the projects that ask the most of you.
Conservative assumptions, real downside cases, and a clear path to value before a dollar is committed. We'd rather pass than reach.
We've sat in the seat — entitlements, design, construction, lease-up, and opening. Value is created in the execution, not the spreadsheet.
Capital, community, and operators rowing in the same direction. Long-term relationships over one-off transactions, every time.
Campfire Ranch
BioMed Realty
Alexandria Real Estate
Pembroke Real Estate
Bentall GreenOak
Oxford Properties
NorthBridge Partners
CrossHarbor Capital
Redgate
MIT
Reflects relationships built by our principal across prior advisory, development, and investment roles.
Type Two Capital Partners was founded by Tyler Morandi, a real estate investment and development executive with more than a decade of experience delivering complex projects representing over $1 billion in aggregate capitalization.
His experience spans the full investment and development lifecycle: acquisitions, capital structuring, entitlements, design and construction management, and asset stabilization — executed at institutional scale as a Vice President at a Boston-based institutional investment and advisory firm and at the platform level as Chief Development Officer of an outdoor hospitality startup.
Based in Crested Butte, Colorado, he brings a conviction-driven, operator's perspective to every engagement and a genuine connection to the outdoor and experiential assets the firm pursues. An avid skier, biker, and fly fisherman, the outdoor spaces he invests in are the same ones he calls home.
If you're an owner looking for a development partner, an operator who needs an experienced hand on a complex project, or an investor evaluating a new opportunity — we'd like to hear from you.