Since its inception, Midway has purchased and managed multifamily housing in New York, New Jersey, Connecticut, North Carolina South Carolina and Texas. Midway targets residential properties ranging from 150 to 500 units in stable and growth markets.

The principals of Midway were key investors in and principals of Merlon Management Corporation, which was formed in 1979 to acquire and manage residential properties in New York City. For over 25 years, Merlon purchased and managed over 100 apartment buildings. In January 2006, Merlon sold 60% of its New York City portfolio for a total of $200 million.