Larkspur seeks to exploit niche spaces that are generally overlooked by the broader market, often as a result of herd mentality. The Great Recession created various supply-demand imbalances, which resulted in an abundance of opportunities in the real estate vertical. With a current focus on for-sale residential and speculative land assemblages, Larkspur seeks to activate urban renewal in transitional neighborhoods by building innovative projects that disrupt existing development standards. The population growth exhibited by certain MSAs, coupled with the lack of housing inventory following the economic downturn of 2008, has created significant demand for for-sale housing. Moreover, delayed family formation versus historical norms has created demand for smaller "starter" homes in urban population centers. While developers have largely recently focused on rental apartment development, the strong demand for for-sale housing has largely been ignored. Focusing on shifting demographics and buyer preferences, Larkspur develops superior products for those seeking an urban lifestyle. Larkspur acquires and develops real estate by forming institutionally backed partnerships funded by select private equity firms and family offices. Partnerships formed since the firm's inception have received compelling, above market returns. Larkspur’s principals co-invest a significant portion of equity in each partnership, thereby further aligning the objectives of the principals with their limited partners.