The property management industry in the US involves managing income-generating real estate on behalf of owners. Companies range from small family-owned businesses to large corporations, offering services like tenant placement, maintenance, and lease negotiations. With increasing demand for rentals and the rise of tech-driven solutions, the industry is evolving rapidly. Innovations such as property management software and online rental platforms are reshaping how properties are managed. The trend towards professional management services equips property owners with expertise to maximize their investment returns, signaling promising growth in a competitive market that values efficiency.


This list highlights 14 influential investors in the property management sector. Their backgrounds comprise venture capital, private equity, and corporate entities, with headquarter locations spanning major cities like New York and San Francisco. Founded from 1956 to 2023, these investors reflect a range of sizes and a collective focus on tech-driven solutions as evidenced by their substantial total of investments made in 2024. From high-volume firms like Blackstone, which made 57 deals, to newer players like Deep Tech Fund with their 258 investments, these investors actively shape the industry's future.


Top 14 Property Management Investors in the US


1. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It specializes in providing funding and mentorship to early-stage technology companies, having successfully launched over 4,000 startups. Among its diverse portfolio, Y Combinator has made significant investments in the property management sector. Notably, it participated in the seed funding round for Guesty, a property management service tailored for Airbnb hosts, which raised $1.5 million in 2014. Additionally, Y Combinator invested in Marble, a rental management software startup, which raised funds in both pre-seed and seed rounds. These transactions highlight Y Combinator's commitment to supporting innovative solutions in the property management industry, alongside its broader focus on technology startups.


2. 500 Global

  • Website: 500.co
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 98
  • LinkedIn: 500-startups

500 Global is a venture capital firm and startup accelerator based in San Francisco, California, founded in 2010. The firm specializes in investing in early-stage technology companies, providing funding, mentorship, and resources to help founders scale their businesses. With a global focus, 500 Global has made significant investments in various sectors, including real estate and property management. Notable transactions include their investment in RealtyShares, a crowdfunding platform for real estate, and HiGuests, a company that offers property management services for short-term rentals. Additionally, they have invested in VivaReal, a real estate marketplace in Brazil, showcasing their interest in innovative solutions within the real estate sector. Their recent investment in Travelio, which is expanding into the rent-to-own sector, further highlights their engagement in property-related ventures.


3. Blackstone

  • Website: blackstone.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1985
  • Headcount: 1001-5000
  • Number of deals in 2024: 57
  • LinkedIn: blackstonegroup

Blackstone Inc. is an investment management firm specializing in alternative investments, founded in 1985 and headquartered in New York, New York. The firm offers a diverse range of services, including private equity, real estate, and credit solutions to both institutional and individual investors. Blackstone has a strong focus on building robust businesses and delivering lasting value through its extensive portfolio and strategic investment approaches. Notably, Blackstone has made significant strides in the property management sector, with key transactions such as the acquisition of Tricon Residential for $3.5 billion in January 2024, which emphasizes their commitment to the residential rental market. In April 2022, they acquired American Campus Communities for $12.8 billion, further solidifying their presence in the student housing sector. Additionally, their acquisition of AIR Communities for $10 billion in April 2024 marks a major investment in the multifamily apartment sector, indicating a strategic focus on property management. Blackstone's management of a residential loan portfolio through Anticipa Real Estate also reflects their active role in the property management landscape, showcasing their confidence in the recovery of housing markets.


4. Second Century Ventures

  • Website: scv.vc
  • Type: Venture Capital
  • Headquarters: Chicago, Illinois, United States (USA)
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: second-century-ventures

Second Century Ventures is a venture capital firm based in Chicago, Illinois, founded in 2009. The firm specializes in fueling innovation within the real estate technology sector, focusing on early to mid-stage technology firms. They operate a growth accelerator program called REACH, which aids startups in scaling their operations. Among their notable transactions, they have invested in Leasera, a company that has raised funds in multiple rounds, indicating its relevance to property management solutions. Additionally, they have invested in InventoryBase, which also aligns with property management needs, and Propi, which focuses on real estate transactions. These investments highlight Second Century Ventures' commitment to supporting technology that enhances property management and real estate operations.


5. FJ Labs

  • Website: fjlabs.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 169
  • LinkedIn: fj-labs

FJ Labs is a venture capital firm based in New York, founded in 2015, that specializes in investing in marketplace and network effect businesses. They provide capital and strategic guidance to entrepreneurs across various industries, including e-commerce and logistics. With a portfolio of over 1,000 companies, many achieving unicorn status, FJ Labs has established itself as a significant player in the venture capital landscape. Notably, they have been actively involved in the property management sector through multiple investments in Roofstock, an online platform for single-family rental investing. FJ Labs participated in several funding rounds for Roofstock, including a Series C round in 2017, a Series B round in 2016, and a Series C round in 2018, demonstrating their commitment to supporting innovations in property management and rental investing. Their recent investment in Buena further showcases their ongoing interest in the property management and rental space.


6. Plug and Play Tech Center


Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They specialize in connecting startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities. In 2024 alone, they made 253 investments, showcasing their active role in the venture capital landscape. Among their notable transactions, they have invested in proptech companies such as Properly, which focuses on property management solutions, and Zazume, a Barcelona-based startup that aims to enhance property management through technology. These investments highlight Plug and Play's commitment to supporting innovations that can improve property management practices, making them a relevant player in this sector.


7. MRI Software

  • Website: mrisoftware.com
  • Type: Corporate
  • Headquarters: Solon, Ohio, United States (USA)
  • Founded year: 1971
  • Headcount: 1001-5000
  • Number of deals in 2024: 4
  • LinkedIn: mri-software-llc

MRI Software is a corporate investor based in Solon, Ohio, specializing in real estate and investment management solutions. Founded in 1971, the company has grown to serve various sectors, including residential and commercial real estate, with a comprehensive suite of products designed to assist property owners, investors, and operators in managing their assets efficiently. In recent years, MRI Software has made significant acquisitions to bolster its position in the property management industry. Notable transactions include the acquisition of PropTech Group for $93.4 million, which enhances its residential sales and property management solutions. Additionally, the acquisition of Housing Partners focuses on improving digital services for social housing tenants, while the purchase of Apartment Data Services expands its market research capabilities in the multifamily sector. The acquisition of Tenmast Software further strengthens its offerings in public and affordable housing management. These strategic moves highlight MRI Software's commitment to advancing property management technology and services.


8. HUB International

  • Website: hubinternational.com
  • Type: Corporate
  • Headquarters: Chicago, Illinois, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 37
  • LinkedIn: hub-international

HUB International Limited is a corporate insurance brokerage based in Chicago, Illinois, founded in 1998. They provide a comprehensive array of insurance and risk management services to businesses, organizations, and individuals. Their offerings include business insurance, employee benefits, retirement services, and personal insurance, which help clients manage risks and protect their assets across various industries. Notably, HUB International has been active in acquiring companies that enhance their capabilities in the property management sector. For instance, their acquisition of Overmyer Hall Associates in November 2023, a property and casualty insurance agency, highlights their commitment to expanding their services relevant to property management. Additionally, their acquisition of Pollock Insurance in April 2024, which specializes in commercial and personal insurance, further underscores their involvement in sectors that support property management needs. These transactions illustrate HUB International's strategic positioning within the insurance landscape that serves property management clients.


9. Deep Tech Fund (an Alumni Ventures Fund)

  • Website: av.vc
  • Type: Venture Capital
  • Headquarters: Manchester, New Hampshire, United States (USA)
  • Founded year: 2023
  • Headcount: 51-200
  • Number of deals in 2024: 258
  • LinkedIn: deep-tech-fund-av-focused-fund

Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm founded in 2023, based in Manchester, New Hampshire. It provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios, leveraging a network of over 10,000 investors to connect them with high-quality investment opportunities in the startup ecosystem. The fund has been involved in several notable transactions, including investments in AvantStay, which raised funds in both 2019 and 2024, focusing on short-term rental management, and Compass, a real estate technology company that raised significant capital in 2018 and 2019. These transactions highlight the fund's engagement with companies that have a direct or indirect impact on the property management sector.


10. Goldman Sachs

  • Website: goldmansachs.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 59
  • LinkedIn: goldman-sachs

Goldman Sachs is a leading investment bank and financial services firm founded in 1998, headquartered in New York, New York. With a workforce of over 10,000 employees, the firm provides a comprehensive range of services including investment banking, asset management, and wealth management. Goldman Sachs serves a diverse clientele, including corporations, financial institutions, and individuals, helping them navigate complex financial challenges. In the property management context, Goldman Sachs has made notable investments such as in NestAway, which raised significant funding to enhance its property management services. Additionally, their involvement with Tishman Speyer, which raised $2.85 billion in debt financing, highlights their commitment to the real estate sector. These transactions underscore Goldman Sachs' active role in property management investments, making them a significant player in this industry.


11. Kkr

  • Website: kkr.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1976
  • Headcount: 1001-5000
  • Number of deals in 2024: 74
  • LinkedIn: kkr

KKR & Co. Inc. is a prominent investment firm based in New York, specializing in private equity, credit, infrastructure, and real estate. Founded in 1976, KKR provides asset management solutions to both institutional investors and individual clients, helping them navigate complex investment landscapes to achieve strong financial returns. In recent years, KKR has made significant strides in the property management sector, acquiring a portfolio of 18 multifamily assets from Quarterra Multifamily for $2.1 billion, which includes over 5,200 units across various growing markets in the U.S. They also acquired a majority stake in Velero Immobilien AG, a German residential asset manager, which manages around 7,500 residential units. Furthermore, KKR's investment in Guesty, a property management software company, underscores their active engagement in the property management industry. With a total of 74 investments in 2024, KKR leverages its extensive expertise and resources to support its clients' investment needs across various sectors, including property management.


12. IFC - International Finance Corporation

  • Website: ifc.org
  • Type: Venture Capital
  • Headquarters: Washington, D.C., District Of Columbia, United States (USA)
  • Founded year: 1956
  • Headcount: 1001-5000
  • Number of deals in 2024: 107
  • LinkedIn: ifclinkedin

The International Finance Corporation (IFC) is a not-for-profit organization established in 1956, headquartered in Washington, D.C. It focuses on private sector development in emerging markets by providing investment, advisory, and asset management services to businesses and financial institutions. IFC aims to foster economic growth and address poverty challenges across over 100 countries. In 2024, IFC has been involved in several significant transactions relevant to the property management sector, including a $150 million investment in FIBRA Macquarie, a real estate investment trust, and a $412 million investment in Brookfield India Real Estate Trust, which focuses on income-generating real estate. These transactions highlight IFC's active role in financing and supporting the real estate sector, making it a relevant player in property management investments.


13. Fifth Wall

  • Website: fifthwall.com
  • Type: Corporate
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 2016
  • Headcount: 51-200
  • Number of deals in 2024: 15
  • LinkedIn: fifth-wall-ventures

Fifth Wall is a venture capital firm founded in 2016, based in New York, New York. The firm specializes in technology investments aimed at addressing critical issues within the real estate industry, including climate change and infrastructure challenges. Fifth Wall has a diverse portfolio, with notable investments in property management technology companies. For instance, they led a $50 million Series C funding round for Belong, a rental property management startup, and participated in Lessen's funding rounds, contributing to both a $35 million Series A and a $170 million Series B. Additionally, they invested in SmartRent, which raised $60 million in Series C funding, further showcasing their commitment to enhancing property management through innovative technology solutions.


14. Goodwater Capital

  • Website: goodwatercap.com
  • Type: Venture Capital
  • Headquarters: Burlingame, California, United States (USA)
  • Founded year: 2014
  • Headcount: 51-200
  • Number of deals in 2024: 41
  • LinkedIn: goodwater-capital

Goodwater Capital is a venture capital firm based in Burlingame, California, founded in 2014. The firm specializes in consumer technology and supports seed-stage entrepreneurs by providing investment, resources, and a community to help them grow. Goodwater Capital focuses on various sectors, including healthcare and financial services, aiming to improve access to technology solutions for underserved communities. Notably, Goodwater has been actively involved in funding Zumper, a prominent player in the property management and rental marketplace, with investments totaling over $60 million across multiple funding rounds from 2015 to 2022. This involvement highlights Goodwater's interest in the property management sector, making them a relevant investor in this space.



Property Management Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
500 GlobalSan Francisco, California, United States (USA)201-500201098
BlackstoneNew York, New York, United States (USA)1001-5000198557
Second Century VenturesChicago, Illinois, United States (USA)11-5020098
FJ LabsNew York, New York, United States (USA)11-502015169
Plug and Play Tech CenterSunnyvale, California, United States (USA)501-10002006253
MRI SoftwareSolon, Ohio, United States (USA)1001-500019714
HUB InternationalChicago, Illinois, United States (USA)10001+199837
Deep Tech Fund (an Alumni Ventures Fund)Manchester, New Hampshire, United States (USA)51-2002023258
Goldman SachsNew York, New York, United States (USA)10001+199859
KkrNew York, New York, United States (USA)1001-5000197674
IFC - International Finance CorporationWashington, D.C., District Of Columbia, United States (USA)1001-50001956107
Fifth WallNew York, New York, United States (USA)51-200201615
Goodwater CapitalBurlingame, California, United States (USA)51-200201441


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