2026 Vintage · 7 Investment Funds · $7.35B
Core SFR Portfolio Acquisition
Acquisition of stabilized single-family rental portfolios in primary Sun Belt markets. Also covers brick-and-mortar buildings, hiring, administration, legal, due diligence, and platform launch expenditures.
- Fund size
- $1.67B
- Vintage
- 2026
- Strategy
- Core SFR Portfolio Acquisition
- Term
- 12–15 years + two 1-year extensions
Build-to-Rent Community Development
Ground-up development of purpose-built rental communities in high-growth Sun Belt sub-markets. Vertically integrated with the platform's construction team.
- Fund size
- $2.32B
- Vintage
- 2026
- Strategy
- Build-to-Rent Community Development
- Term
- 12–15 years + two 1-year extensions
SFR Value-Add & Renovation
Acquisition of scattered-site homes and small portfolios with a defined renovation scope. Standardized make-ready and lease-up execution.
- Fund size
- $500M
- Vintage
- 2026
- Strategy
- SFR Value-Add and Renovation
- Term
- 12–15 years + two 1-year extensions
SFR Management Technology Platform
Capitalization of the resident and property-management technology stack — leasing, maintenance dispatch, resident portal, and portfolio-level analytics.
- Fund size
- $760M
- Vintage
- 2026
- Strategy
- SFR Management Technology Platform
- Term
- 12–15 years + two 1-year extensions
SFR Mortgage Lending
Whole-loan origination secured by single-family rental homes, both first-lien and mezzanine, at the platform's underwriting standard.
- Fund size
- $720M
- Vintage
- 2026
- Strategy
- SFR Mortgage Lending
- Term
- 12–15 years + two 1-year extensions
Military & Government Housing
Acquisition and development of purpose-oriented housing serving active-duty, veteran, and civilian government workforce populations.
- Fund size
- $870M
- Vintage
- 2026
- Strategy
- Military and Government Housing
- Term
- 12–15 years + two 1-year extensions
Luxury Single-Family Rental
Selective acquisition and development of premium single-family rental homes for high-income tenants in target primary markets.
- Fund size
- $510M
- Vintage
- 2026
- Strategy
- Luxury Single-Family Rental
- Term
- 12–15 years + two 1-year extensions
Operations Funds · 2 vehicles · $1.05B
Properfy Operations Fund I
Property management, maintenance, and leasing infrastructure supporting the 2026-vintage investment portfolio.
- Fund size
- $529M
- Vintage
- 2026
- Strategy
- Property Management, Maintenance and Leasing
- Tier
- Operations
Properfy Operations Fund II
Technology and tenant portal systems — resident experience, leasing workflows, and portfolio-level operating tools.
- Fund size
- $520M
- Vintage
- 2026
- Strategy
- Technology and Tenant Portal Systems
- Tier
- Operations
Reserve Funds · 2 vehicles · $2.10B
Properfy Reserve Fund I
Capital improvement and acquisition reserve supporting the 2026-vintage investment vehicles across the platform.
- Fund size
- $1.05B
- Vintage
- 2026
- Strategy
- Capital Improvement and Acquisition Reserve
- Tier
- Reserve
Properfy Reserve Fund II
LP co-investment and redemption reserve — liquidity and capital preservation for the 2026 investor base.
- Fund size
- $1.05B
- Vintage
- 2026
- Strategy
- LP Co-Investment and Redemption Reserve
- Tier
- Reserve
2028 Vintage · 6 Investment Funds · $5.14B
Properfy Core Fund
Stabilized, income-producing assets with low leverage. Long-duration cash flow with disciplined asset selection.
- Fund size
- $1.54B
- Vintage
- 2028
- Strategy
- Core — stabilized, low leverage
- Term
- 12–15 years + two 1-year extensions
Properfy Core-Plus Fund
Stabilized assets with light value-add and modest leverage. Selective repositioning without changing the fundamental risk profile.
- Fund size
- $514M
- Vintage
- 2028
- Strategy
- Core-Plus — light value-add
- Term
- 12–15 years + two 1-year extensions
Properfy Value-Add Fund
Repositioning and operational improvement of undermanaged assets. Moderate risk profile with defined execution playbooks.
- Fund size
- $771M
- Vintage
- 2028
- Strategy
- Value-Add — repositioning, moderate risk
- Term
- 12–15 years + two 1-year extensions
Properfy Growth Fund
Growth equity into scaling operators and platforms adjacent to the Properfy investment universe.
- Fund size
- $771M
- Vintage
- 2028
- Strategy
- Growth equity — scaling operators & platforms
- Term
- 12–15 years + two 1-year extensions
Properfy Opportunistic Fund
Higher-risk development, distressed, and high-return situations underwritten to opportunistic return targets.
- Fund size
- $1.03B
- Vintage
- 2028
- Strategy
- Opportunistic — development, distressed
- Term
- 12–15 years + two 1-year extensions
Properfy Special Situations Fund
Complex, dislocated, and event-driven investments requiring bespoke structuring and specialized execution.
- Fund size
- $514M
- Vintage
- 2028
- Strategy
- Special Situations — complex, event-driven
- Term
- 12–15 years + two 1-year extensions
Operations Funds · 2 vehicles · $735M
Properfy Operations Fund III
Property management, maintenance, and leasing infrastructure supporting the 2028-vintage investment portfolio.
- Fund size
- $371M
- Vintage
- 2028
- Strategy
- Property Management, Maintenance and Leasing
- Tier
- Operations
Properfy Operations Fund IV
Technology and tenant portal systems — extending the platform stack across the 2028-vintage portfolio.
- Fund size
- $364M
- Vintage
- 2028
- Strategy
- Technology and Tenant Portal Systems
- Tier
- Operations
Reserve Funds · 2 vehicles · $1.47B
Properfy Reserve Fund III
Capital improvement and acquisition reserve supporting the 2028-vintage investment vehicles across the platform.
- Fund size
- $734M
- Vintage
- 2028
- Strategy
- Capital Improvement and Acquisition Reserve
- Tier
- Reserve
Properfy Reserve Fund IV
LP co-investment and redemption reserve — liquidity and capital preservation for the 2028 investor base.
- Fund size
- $735M
- Vintage
- 2028
- Strategy
- LP Co-Investment and Redemption Reserve
- Tier
- Reserve
Three-tier structure across 21 vehicles.
Investment capital is deployed alongside dedicated Operations and Reserve Funds — sized to keep investment vehicles focused on their mandates while portfolio infrastructure, liquidity, and capital preservation are funded through purpose-built companion vehicles.
- Investment Funds (13)
- $12.49B · 70.0% of platform capital
- Operations Funds (4)
- $1.78B · 10.0% of platform capital
- Reserve Funds (4)
- $3.57B · 20.0% of platform capital
- Grand total (21 funds)
- $17.84B all-in committed capital
- 2026 vintage
- 11 funds · $10.49B committed
- 2028 vintage
- 10 funds · $7.35B committed
- Sector
- Property Management Technology
- Capital mix
- 70 / 20 / 10 (Investment / Reserve / Operations)
Aligned economics. Transparent governance.
Terms below apply broadly across the Properfy 13-fund investment lineup. Fund-specific LPAs govern. Details are made available to qualified prospective LPs upon completion of the LP onboarding process.
- Vehicle
- Delaware Limited Partnership
- GP commitment
- 2% of total commitments
- Carried interest
- Fund-level; 30% escrowed subject to clawback
- Preferred return
- 8%
- Distribution waterfall
- European whole-fund waterfall
- Leverage
- Fund-specific; capped by LPA
- Reporting
- Quarterly financial & portfolio; annual audited
- Governance
- LP Advisory Committee established at first close
The information above is a summary only and is qualified in its entirety by the definitive offering documents of each fund. This page is not, and should not be construed as, an offer to sell or a solicitation of an offer to buy any security. Any such offer or solicitation will be made only by means of the applicable Confidential Private Placement Memorandum and related subscription documents, delivered to qualified investors.