Flock, a platform offering retirement solutions for property owners, has secured $20 million in a Series B funding round. The investment was led by Renegade Partners, with continued backing from Andreessen Horowitz (a16z), Primary Ventures, Susa Ventures, 1Sharpe Ventures, and others.
The funding comes as independent landlords face growing challenges around exiting their investments. A significant portion of equity—estimated between $6 trillion and $8 trillion—remains tied up in older real estate portfolios. Many of these properties are held by owners who lack accessible, tax-efficient exit options.
Shifting demographics, rising insurance costs, and high interest rates are reshaping the real estate landscape. Meanwhile, the generational transfer of wealth is expected to accelerate, with over $84 trillion in assets, including real estate, projected to pass from baby boomers to younger heirs in the coming decades. These trends are increasing the demand for simplified property transition tools.
Flock enables property owners to transition from active management to passive investment without triggering capital gains taxes. The platform uses the 721 Exchange, historically used by high-net-worth individuals, to convert properties into shares in professionally managed funds.
Currently, Flock manages more than 860 homes across 17 U.S. states, with a real estate portfolio approaching $200 million in value. The company is expanding its offerings across several asset classes:
Landlords using Flock can preserve rental income and asset appreciation while offloading day-to-day responsibilities. The platform applies a data-informed strategy to reduce vacancy, lease losses, and credit defaults. According to the company, Flock-managed properties yield stronger rental income than those managed independently.
Proceeds from the latest round will support Flock’s growth into new asset classes. The company plans to scale its multifamily and manufactured housing operations, building on early traction with single-family rentals.
“At some point, real estate ownership can become more of a burden than a benefit,” said Ari Rubin, Founder and CEO of Flock. “We started Flock to help property owners transition smoothly from active to hands-off investing. This funding will help us serve a broader range of landlords seeking that kind of transition.”
“Flock is redefining how real estate wealth is preserved,” said Renata Quintini, Co-Founder and Managing Director at Renegade Partners. “As market pressures rise, solutions like Flock’s offer a timely alternative for long-time property owners.”
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By Proptechbuzz
By Ravi Kumar
