Your capital.
Our platform.
Exceptional returns.
NextGen Properties is an integrated real estate operator with 20+ years of deal-sourcing, development, construction, and management experience. We invite qualified investors to co-invest alongside us — and share in the returns that a fully integrated platform consistently delivers.
The operator advantage
other syndicators don’t have.
Most real estate syndicators are capital allocators — they raise money, hire operators, and take a fee. NextGen Properties is different. We are the operator. Our acquisition, development, construction, and property management teams all sit under one roof, and they have been executing together for over two decades. When you invest with us, your capital is managed by the same team that sources the deal, entitles it, builds it, and runs it — with no translation layers, no misaligned incentives, and no third-party markup at any stage.
That integration is the foundation of our 25%+ average IRR. We eliminate costs that other syndicators absorb as fees. We compress timelines because our teams don’t wait for each other. We underwrite with real operational data, not optimistic projections. And we hold ourselves to the same return standard on every deal because our own capital is invested alongside yours.
Three paths to
exceptional returns.
We offer co-investment across three distinct real estate strategies — each with its own risk profile, return timeline, and value creation mechanism. Most investors participate across multiple strategies to achieve diversification within a single operating relationship.
Land Entitlement & Development
We identify raw or underentitled land in high-demand California and Sun Belt markets, navigate the entitlement process to unlock value, and either sell entitled land to developers at a premium or proceed to ground-up construction. This strategy generates the highest IRRs in our portfolio — driven by the value creation inherent in a successful entitlement and our integrated development and construction capability. Timelines are typically 18–48 months depending on entitlement complexity and exit strategy selected.
Value-Add Multifamily & Residential
We acquire underperforming residential and multifamily assets with identifiable upside — below-market rents, deferred maintenance, high vacancy, or operational mismanagement — and execute renovation and repositioning programs through our in-house construction and management teams. The value-add strategy produces consistent, risk-adjusted returns with measurable execution milestones and a clear path to stabilized cash flow. Our integrated platform allows us to compress renovation timelines and begin re-leasing before the final unit is complete.
Opportunistic & Below-Market Acquisitions
We source commercial and residential assets trading below intrinsic value due to weak tenancy, poor marketing, motivated sellers, or market dislocation. Value is created through improved management, professional leasing, strategic capital deployment, and market re-positioning. These are typically faster-turning opportunities with shorter hold periods — ideally suited for investors seeking capital-efficient, medium-term return profiles without the development execution risk of ground-up projects.
From first conversation
to final distribution.
Our co-investment process is designed to be efficient, transparent, and respectful of your time. We only bring deals to our investor network when we are already committed to them ourselves.
The integration premium —
where our IRR comes from.
The 25%+ IRR we consistently deliver isn’t a function of taking more risk. It’s a function of eliminating waste, compressing timelines, and underwriting with data that most operators simply don’t have.
When a typical syndicator buys a value-add apartment building, they hire a renovation contractor at market rates, negotiate a management agreement with an outside PM company, and hope that the renovation timeline and lease-up projections in their pro forma hold. When any of those three parties underperforms, returns compress — and they usually do.
When NextGen Properties buys the same building, our construction team mobilizes the next day with cost estimates we know are accurate because we’ve done this work dozens of times before. Our management team starts pre-leasing renovated units before they’re finished. There is no GC markup, no management company negotiation, and no waiting for three parties to align on a timeline.
What you can expect
as a co-investor.
We operate with the transparency that we would want as an investor ourselves. Every co-investor in a NextGen Properties deal receives the same reporting, the same access, and the same respect that we expect from operators we invest with.
Start the conversation.
We work with a selective group of co-investment partners. If you’re an accredited investor interested in learning more about current and upcoming opportunities, tell us about yourself and we’ll be in touch within one business day.
Common questions from
prospective co-investors.
Yes. Co-investment opportunities with NextGen Properties are offered exclusively to accredited investors as defined under Rule 501 of Regulation D of the Securities Act of 1933. An accredited investor is generally an individual with net worth exceeding $1,000,000 (excluding primary residence) or annual income exceeding $200,000 ($300,000 jointly with a spouse) in each of the two most recent years, with expectation of the same income in the current year. Institutional investors, trusts, and entities may also qualify. Please consult your financial advisor or legal counsel to confirm your accredited investor status.
Minimum investment thresholds vary by deal and are specified in each investment memorandum. As a general range, most of our co-investment opportunities are structured with minimum investments between $250,000 and $500,000 per deal. We occasionally structure deals with higher minimums for larger institutional partners. We do not have a single universal minimum — contact us to discuss your capital capacity and we will identify the most appropriate opportunities for you.
Each deal is structured as a joint venture (JV) with a negotiated operating agreement. A typical waterfall structure includes: (1) return of investor capital, (2) a preferred return to investors (typically 8–10% annualized), and (3) profit splits above the preferred return (commonly 70/30 or 80/20 in favor of the investor). Exact waterfall terms vary by deal, risk profile, and hold period and are fully disclosed in each deal’s investment memorandum. NextGen Properties co-invests in every deal alongside external partners.
We are selective about the deals we bring to our investor network — we do not manufacture volume for volume’s sake. In a typical year, we bring 3–6 investment opportunities to our co-investor network, across our three strategies and multiple markets. Quality over quantity is a firm principle. Investors who are registered with us are notified when a new opportunity is available that matches their stated criteria.
Each investment is structured as a separate legal entity (typically an LLC) with a negotiated JV operating agreement that defines investor rights, reporting obligations, decision-making authority, and distribution mechanics. Investors receive a preferred return ahead of any profit share to NextGen Properties. Our capital co-invests in every deal. We strongly recommend that all prospective investors retain independent legal counsel to review the investment documents before committing capital. All investments in real estate involve risk, including the possible loss of principal.
Invest in affordable
housing with Dwell.
Dwell by NextGen is our affordable modular housing brand — developing high-quality, rent-to-own modular home communities at up to 50% more affordable then traditional construction. It’s a separate investable venture with its own investor program.
If you’re interested in the affordable housing space alongside traditional multifamily, Dwell offers a compelling and differentiated opportunity in a massively underserved market.
View Dwell Investor Programcheaper to build
Modular home communities with rent-to-own pathways. High-quality construction, community amenities, and a mission-driven approach to the housing affordability crisis.