Top 19 Residential Property Management Investors in the US
Top 19 Residential Property Management Investors in the US
The residential property management industry in the US is essential for streamlining the leasing, maintenance, and overall management of rental properties. Companies in this sector vary from traditional management firms to innovative technology startups that offer software solutions for landlords and tenants alike. This industry is evolving, driven by the growing rental market and technological advancements that enhance tenant experiences, such as online payment platforms. Interestingly, as more individuals opt for renting over homeownership, the demand for robust property management services continues to rise. This trend points towards a bright future for companies that adapt and innovate in this space.
This article features a selection of 19 notable residential property management investors in the US, varying from venture capital firms to private equity giants. Among them, the likes of Y Combinator and Goldman Sachs exemplify the strong financial backing present in this sector. These investors, based in diverse locations ranging from San Francisco to New York, collectively made hundreds of deals in 2024, underscoring their active engagement and investment approaches in residential management. Founded over decades, they represent a significant influence on shaping future trends in property management.
Top 19 Residential 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 residential property management sector. For instance, it invested in Castle, which raised $9.2 million in Series A funding in 2019, and also participated in earlier funding rounds for Castle, including a Pre-Seed round in 2016. Additionally, Y Combinator invested in Guesty, a property management service for Airbnb hosts, which raised $1.5 million in seed funding in 2014. These transactions highlight Y Combinator's involvement in the residential property management industry, showcasing its commitment to supporting innovative solutions in this space.
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 residential property management. Notable transactions include their investment in Travelio, an Indonesian company that is launching a new vertical in the rent-to-own sector, and Common Living, which raised $7.35 million to develop co-living spaces. Additionally, their involvement with RealtyShares and HiGuests further demonstrates their engagement in the real estate and property management sectors, highlighting their commitment to innovative housing solutions.
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 based in New York, specializing in alternative investments, including private equity, real estate, and credit solutions. Founded in 1985, Blackstone has built a reputation for delivering lasting value through its extensive portfolio and strategic investment approaches. In recent years, Blackstone has made significant strides in the residential property management sector, acquiring notable companies such as Tricon Residential for $3.5 billion, AIR Communities for $10 billion, and American Campus Communities for $12.8 billion. These acquisitions reflect Blackstone's strategic focus on multifamily assets and rental properties, positioning it as a key player in the residential property market. Additionally, their acquisition of Home Partners of America, which owns over 17,000 rental houses, further underscores their commitment to residential property management.
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, investing in early to mid-stage technology companies. They run a growth accelerator program called REACH, which aids startups in scaling their operations. Notably, Second Century Ventures has made several investments relevant to residential property management, including Leasera, which raised funds in multiple rounds in 2020, indicating a focus on property management solutions. Additionally, their investment in Flock Homes in 2023 further emphasizes their commitment to enhancing residential property management through technology. Their portfolio also includes Propi, which raised funds in 2024, potentially indicating a focus on property transactions and management. Overall, Second Century Ventures is actively involved in supporting technology firms that can innovate and improve the residential property management industry.
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. Notably, FJ Labs has been actively involved in the residential property management space through their investments in Roofstock, an online platform for single-family rental investing. They participated in multiple 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 residential property management. Their extensive portfolio includes over 1,000 companies, many of which have achieved unicorn status, showcasing their ability to identify and nurture successful startups.
6. Plug and Play Tech Center
- Website: plugandplaytechcenter.com
- Type: Venture Capital
- Headquarters: Sunnyvale, California, United States (USA)
- Founded year: 2006
- Headcount: 501-1000
- Number of deals in 2024: 253
- LinkedIn: 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 connect startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities. In 2024, they have made 253 investments, showcasing their active role in the venture capital landscape. Notably, they have invested in several companies relevant to residential property management, such as Properly, which focuses on property management solutions, and Homie, a platform that simplifies real estate transactions. Additionally, their participation in the seed round for Zazume, a proptech startup, further emphasizes their interest in technology that enhances property management and real estate operations. These transactions highlight their commitment to supporting innovation in the residential property management 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 software solutions for real estate and investment management. Founded in 1971, the company has grown to serve various sectors, including both residential and commercial real estate, with a focus on innovative technology solutions. MRI Software has made several strategic acquisitions to enhance its offerings in the residential property management sector. Notable transactions include the acquisition of Tenmast Software in 2017, which provides management software for public and private affordable housing, and CTM Software in 2019, aimed at improving workflow and transaction management in residential real estate. Additionally, the acquisition of Apartment Data Services in 2022 has expanded MRI's presence in the multifamily market, further demonstrating its commitment to the residential property management industry.
8. 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
The Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. 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 actively involved in significant transactions, including investments in Compass, which raised substantial funding in Series E-K rounds, and AvantStay, a company focused on short-term rental management. These transactions highlight the fund's engagement in the residential property management industry, alongside its broader investment strategy.
9. 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 prominent investment bank and financial services firm founded in 1998, headquartered in New York, New York. It offers a wide array of services, including investment banking, asset management, and wealth management, catering to a diverse clientele that includes corporations, financial institutions, and individuals. In the context of residential property management, Goldman Sachs has made notable investments, such as in NestAway, which raised significant funding rounds, including a $51 million Series D financing in 2018, aimed at enhancing its managed rental services. Additionally, Goldman Sachs has invested in Compass, a real estate technology company, further demonstrating its engagement in the residential property sector. These transactions highlight Goldman Sachs' active role in the residential property management industry, making it a relevant investor in this space.
10. 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 residential property management sector, highlighted by their acquisition of 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. This acquisition is seen as a positive sign for the multifamily sector. Additionally, KKR acquired a majority stake in Velero Immobilien AG, a German residential asset manager, which includes approximately 7,500 residential units. These transactions demonstrate KKR's active engagement and investment in the residential property management industry.
11. 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, specializing in technology investments for the real estate industry. The firm focuses on funding innovative technology companies that address critical issues such as climate change and infrastructure challenges. Notably, Fifth Wall led a $50 million funding round for Belong, a rental property management startup, showcasing their commitment to enhancing residential property management through technology. Additionally, they participated in significant funding rounds for Opendoor, a prominent iBuyer platform, and Clikalia, which also operates in the residential real estate market. These transactions highlight Fifth Wall's strategic focus on companies that are transforming the residential property management landscape, making them a key player in this sector.
12. Tpg
- Website: tpg.com
- Type: Private Equity
- Headquarters: San Francisco, California, United States (USA)
- Founded year: 1992
- Headcount: 1001-5000
- Number of deals in 2024: 27
- LinkedIn: tpg-capital
TPG Inc. is a leading global alternative asset manager specializing in private equity and investment management, founded in 1992 and based in San Francisco, California. The firm manages $229 billion in assets across various sectors, including technology, healthcare, and consumer markets. TPG serves institutional investors by providing diversified investment opportunities and strategic insights to enhance their portfolios. Notably, TPG has made significant investments in the residential property management sector, including the acquisition of Arlington Properties, which focuses on residential management, and a substantial investment in Vacasa, a company that specializes in vacation rental management. Additionally, TPG's joint venture with Cardinal Group to acquire The Element Portfolio, a student housing portfolio, further underscores its commitment to the residential property market.
13. 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, focused on fostering private sector development in emerging markets. It provides investment, advisory, and asset management services to businesses and financial institutions, helping them access capital and expertise to promote economic growth. IFC operates in over 100 countries, addressing poverty challenges and promoting sustainable development. Notably, IFC has engaged in significant transactions within the residential property sector, such as providing debt financing to Balwin Properties, which raised $53,073,266 in April 2025, and participating in the equity raise of Brookfield India Real Estate Trust, which secured $412,640,961 in December 2024. These transactions highlight IFC's involvement in the residential property management industry, reinforcing its role as a relevant investor in this space.
14. Vacasa
- Website: vacasa.com
- Type: Corporate
- Headquarters: Portland, Oregon, United States (USA)
- Founded year: 2009
- Headcount: 5001-10000
- LinkedIn: vacasa
Vacasa, Inc. is a corporate investor based in Portland, Oregon, specializing in vacation rental management. Founded in 2009, the company has grown to manage over 35,000 vacation rentals across North America, Belize, and Costa Rica. Vacasa provides a range of property management services, including guest services, professional cleaning, and marketing, catering to both homeowners and travelers seeking quality vacation accommodations. Notably, Vacasa has made significant acquisitions to bolster its position in the market, including the acquisition of TurnKey Vacation Rentals in March 2021, which added 6,000 listings to their platform, and the purchase of Wyndham Vacation Rentals in July 2019 for $162 million, nearly doubling their inventory to over 23,000 vacation homes worldwide. Other acquisitions, such as Moose Creek Crossing, Chelan Vacation Properties, and MiaVac, further illustrate Vacasa's commitment to expanding its footprint in the vacation rental management space.
15. RET Ventures
- Website: ret.vc
- Type: Venture Capital
- Headquarters: Clinton, Utah, United States (USA)
- Founded year: 2017
- Headcount: 1-10
- Number of deals in 2024: 6
- LinkedIn: retv
RET Ventures is a venture capital firm based in Clinton, Utah, founded in 2017. The firm specializes in investing in technology-driven companies that enhance the residential property management sector. One of their notable investments is in TurboTenant, an online platform that facilitates interactions between tenants and landlords, which raised $6.5 million in Series A funding led by RET Ventures. Additionally, they have invested multiple times in SmartRent, a company that focuses on smart home technology for landlords, raising a total of $87 million across several funding rounds (Seed, Series A, Series B, and Series C). SmartRent's solutions help landlords reduce costs and improve maintenance efficiency, making it a key player in the property management space. RET Ventures' focus on transforming the single-family rental market through technology positions them as a significant investor in the residential property management industry.
16. Apollo Global Management, Inc.
- Website: apollo.com
- Type: Private Equity
- Headquarters: New York, New York, United States (USA)
- Founded year: 1990
- Headcount: 1001-5000
- Number of deals in 2024: 46
- LinkedIn: apollo-global-management-inc
Apollo Global Management, Inc. is an asset management firm based in New York, specializing in alternative assets and retirement solutions. Founded in 1990, the firm manages a diverse portfolio across credit, private equity, and real assets, catering to institutional investors, corporations, and individual clients. Notably, Apollo has been involved in significant transactions within the real estate sector, including the acquisition of Countrywide for approximately $1.96 billion, which plays a crucial role in the residential mortgage market. Additionally, their investment in Aldar Properties, which raised $1.4 billion in 2022, further highlights their commitment to real estate. Apollo's integrated platform aims to empower retirees and provide innovative capital solutions, indicating a strategic approach to investments that may include residential property management.
17. 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 has a diverse investment portfolio that spans various sectors, including healthcare and financial services, with a mission to improve access to technology solutions for underserved communities. Notably, Goodwater has been actively involved in funding Zumper, a leading rental marketplace, with multiple investments totaling over $60 million across several funding rounds from 2015 to 2022. This involvement highlights their commitment to the residential property management sector, making them a significant player in this industry.
18. RealPage, Inc.
- Website: realpage.com
- Type: Corporate
- Headquarters: Richardson, Texas, United States (USA)
- Founded year: 1998
- Headcount: 5001-10000
- LinkedIn: realpage
RealPage, Inc. is a corporate investor based in Richardson, Texas, founded in 1998. The company specializes in property management software, offering comprehensive solutions for managing multifamily, commercial, and vacation rentals. RealPage's software suites are designed to enhance operational efficiency and improve resident experiences for property management companies and real estate owners. Notably, RealPage has made significant acquisitions in the residential property management sector, including Buildium, which manages approximately 2 million units worldwide, and Propertyware, both of which strengthen RealPage's offerings for small and midsized property owners. Additionally, RealPage acquired NWP Services Corporation to enhance its platform for resident billing and energy management, further solidifying its role in the rental housing industry. These strategic moves highlight RealPage's focus on the residential property management market and its commitment to providing innovative technology solutions.
19. Värde Partners
- Website: varde.com
- Type: Private Equity
- Headquarters: New York, New York, United States (USA)
- Founded year: 1993
- Headcount: 201-500
- Number of deals in 2024: 6
- LinkedIn: varde-partners
Värde Partners is an investment management firm based in New York, specializing in alternative investments, particularly in credit-related assets and distressed securities. Founded in 1993, the firm serves a global investor base, including institutional investors, by providing expertise in navigating complex investment opportunities. Värde operates across various sectors, including Corporate & Traded Credit, Real Estate, and Financial Services. Notably, Värde has been involved in several significant transactions in the residential property sector, such as the acquisition of The Eisley, a 405-unit multifamily community in Sacramento, and Alpine Meadows, a 222-unit multifamily property in Salt Lake City. Additionally, their investment in Omaxe for project funding highlights their role in supporting residential development and management initiatives.
Residential Property Management Insights: Key Investors in the US
| Investor | Headquarter | Size | Founded | Deals 2024 |
|---|---|---|---|---|
| Y Combinator | San Francisco, California, United States (USA) | 51-200 | 2005 | 802 |
| 500 Global | San Francisco, California, United States (USA) | 201-500 | 2010 | 98 |
| Blackstone | New York, New York, United States (USA) | 1001-5000 | 1985 | 57 |
| Second Century Ventures | Chicago, Illinois, United States (USA) | 11-50 | 2009 | 8 |
| FJ Labs | New York, New York, United States (USA) | 11-50 | 2015 | 169 |
| Plug and Play Tech Center | Sunnyvale, California, United States (USA) | 501-1000 | 2006 | 253 |
| MRI Software | Solon, Ohio, United States (USA) | 1001-5000 | 1971 | 4 |
| Deep Tech Fund (an Alumni Ventures Fund) | Manchester, New Hampshire, United States (USA) | 51-200 | 2023 | 258 |
| Goldman Sachs | New York, New York, United States (USA) | 10001+ | 1998 | 59 |
| Kkr | New York, New York, United States (USA) | 1001-5000 | 1976 | 74 |
| Fifth Wall | New York, New York, United States (USA) | 51-200 | 2016 | 15 |
| Tpg | San Francisco, California, United States (USA) | 1001-5000 | 1992 | 27 |
| IFC - International Finance Corporation | Washington, D.C., District Of Columbia, United States (USA) | 1001-5000 | 1956 | 107 |
| Vacasa | Portland, Oregon, United States (USA) | 5001-10000 | 2009 | 0 |
| RET Ventures | Clinton, Utah, United States (USA) | 1-10 | 2017 | 6 |
| Apollo Global Management, Inc. | New York, New York, United States (USA) | 1001-5000 | 1990 | 46 |
| Goodwater Capital | Burlingame, California, United States (USA) | 51-200 | 2014 | 41 |
| RealPage, Inc. | Richardson, Texas, United States (USA) | 5001-10000 | 1998 | 0 |
| Värde Partners | New York, New York, United States (USA) | 201-500 | 1993 | 6 |
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