Strategy
The Single Family Fund acquires newer townhomes and single-family rentals in stable markets where working families want clean, practical housing near jobs, schools, and transit. We underwrite for durable cash flow and low operational friction rather than speculative appreciation.
Buy box
Every property must fit clear criteria before we buy.
3+ bed, 2.5+ bath
Single-family and townhomes with layouts families want — durable, rentable, and simple to operate.
High-growth metro markets
Target metros like the DMV, Chicago, Raleigh–Durham, and Dallas–Fort Worth — near jobs, transit, and schools where rental demand stays steady.
Operational improvements
We add value by streamlining operations and management with automated systems and smart home upgrades that elevate the living experience.
Market thesis
Demand for quality, affordable single-family rentals is structural. Homes are in short supply, buying is out of reach for most families, and that channels durable, long-term demand toward the kind of rentals we acquire — near jobs, schools, and transit.
~4M
homes short of U.S. demand1
~75%
of households can't afford a median-priced new home2
~23M
renter households are cost-burdened3
We invest where demand is strongest — deploying capital to its best use across high-growth metros including the DMV, Chicago, Raleigh–Durham, and Dallas–Fort Worth, rather than a single market. Current holdings span the DMV and Chicago metros.
Sources: 1. Up for Growth, 2025 Housing Underproduction in the U.S. · 2. National Association of Home Builders, 2025. · 3. U.S. Census Bureau, 2024 American Community Survey. National figures shown for market context only; not specific to any fund or property.
You invest in the fund, not an individual property. Capital is allocated across holdings within the fund's buy box.
College Park, Maryland
The Arcadia
The Arcadia is a 4-bed, 4.5-bath smart townhome (2,510 sq ft) in a newer College Park community — minutes from the University of Maryland and Metro. The fund's first owned asset and a working example of the buy box.
Asset type
Townhome · 4 bd / 4.5 ba
Lombard, Illinois
The Grant
The Grant is a 3-bed, 2.5-bath townhome (1,827 sq ft) with a 2-car garage in a newer Lombard community in Chicago's western suburbs — near major employment corridors and Metra access. An owned, operating asset that fits the fund's core buy box.
Asset type
Townhome · 3 bd / 2.5 ba
All holdings
OwnedOPERATINGCollege Park, MD
The Arcadia
4 bd / 4.5 ba · 2-car garage · 2,510 sq ft
OwnedOPERATINGLombard, IL
The Grant
3 bd / 2.5 ba · 2-car garage · 1,827 sq ft
Floor-plan names and city/market shown; exact street addresses are withheld to protect resident privacy and security.
Performance snapshot
The cash-on-cash figure reflects the sponsor's current owned homes; figures marked * are fund targets. Live fund reporting begins as capital deploys.
~15%*
Cash-on-cash, current holdings
*Cash-on-cash is reserve-adjusted on current holdings. Target IRR and occupancy are objectives, not guarantees. Past performance is not a guarantee of future results; figures are unaudited.
How we compare to a public REIT
Benchmarked against the Vanguard Real Estate ETF (VNQ) to illustrate the difference in approach — not a projection or guarantee.
Public REIT index
Vanguard Real Estate ETF (VNQ)
- Broad, abstract exposure to listed real estate companies
- Priced daily and subject to public-market volatility
- No control over the underlying assets or strategy
Big City Capital
Single Family Fund
- Direct ownership of real, income-producing homes
- Diversified within a clearly defined buy box
- Managed for cash flow and durability
Past performance does not guarantee future results. VNQ is referenced for illustration only — Big City Capital is not affiliated with Vanguard.
