Flock Homes helps landlords exit property management while keeping income. It purchases rental properties from individual owners and converts them into shares in a diversified real estate fund using the 721 Exchange, a tax-deferral strategy. The fund is managed by Flock and generates income from rents and property appreciation, distributed to shareholders quarterly. The company earns through property management fees and gains from the fund’s appreciation, aided by economies of scale from operating a large portfolio. Flock Homes differentiates itself by offering a tax-deferral exit option centered on the 721 Exchange, a specialized, scalable solution that reduces owners’ hassles and diversifies their investments. The goal is to provide a hassle-free way for landlords to retire or lower tax burdens while continuing to receive steady income.
Company Size
51-200
Company Stage
Series B
Total Funding
$46M
Headquarters
Denver, Colorado
Founded
2020
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