MSquared is a women-owned real estate impact platform specializing in mixed-income, mixed-use projects that promote affordability, sustainability, and diversity​.

​We manage discretionary funds that invest in mixed-income housing in cities across the country.

We leverage our expertise in urban development and mixed-income financing to build innovative projects.

We provide creative solutions to address the challenges and complexities of urban development.

$400M+
Assets Under Management
5,300+ units
in development, acquired, or completed
46% Affordable Housing
Rent-restricted, income-tested units
$2.1B+
in development and investment
Featured News
Commerical Observer
October 1, 2025
MSquared Completes First Close for National Housing Fund
The Latest
The New York Times
February 9, 2026
A Return to New York Was a Much-Delayed Dream
The Real Deal
February 2, 2026
The Daily Dirt: Mamdani taps housing-focused transition committee
Crain's New York Business
February 2, 2026
Alicia Glen: Council’s misguided housing bills would drive up cost of building

Our People

Led by former NYC Deputy Mayor for Housing & Economic Development, Alicia Glen, MSquared’s team brings extensive expertise and a deep commitment to social impact.
Alicia Glen
Founder & Managing Principal
Carolee Fink
Principal & Chief Operating Officer
Meet Our People