Abacus Capital Group
Abacus Capital Group is a private, New York-based real estate investment manager founded in 2004 that invests in US multifamily properties on behalf of institutional investors through Value Add, Development, and Core strategies, with $4.8 billion deployed and 31,000 units acquired since inception.
- Company typePrivate
- Founded2004
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Abacus Capital Group does
Abacus Capital Group LLC is a privately-held real estate investment management firm founded in 2004 and headquartered at 100 Park Avenue, New York, NY. The firm manages capital on behalf of institutional investors (including pension funds and endowments) through commingled funds and separate accounts, with a singular focus on multifamily real estate investments across the United States. As of December 31, 2021, the firm had invested $4.8 billion into multifamily, deployed $1.7 billion of equity across 114 investments (66 fully realized), and acquired 31,000 units; the CFO has referenced capital raising supporting over $8 billion of property acquisitions in total.
The firm operates three distinct investment strategies: a Value Add strategy that targets underperforming multifamily properties to capture rental gaps through repositioning; a Development strategy that pursues ground-up multifamily development when existing asset pricing exceeds replacement cost; and a Core strategy underpinned by a proprietary market selection tool that targets locations and properties with durable market characteristics for cycle-resilient returns. Abacus combines elements of traditional operator and allocator investment management models and maintains in-house expertise across acquisitions, asset management, and development rather than operating property management subsidiaries. Its portfolio comprises more than 60 named multifamily properties across markets including Texas, Florida, California, Washington, Oregon, Illinois, Massachusetts, and North Carolina.
Abacus generates revenue primarily through management fees on commingled funds and separate accounts and through carried interest from successful investment realizations; specific fee structures are not publicly disclosed. The firm is led by co-founders Ben Friedman (President & CEO) and Kyle Ellis (Head of Asset Management), alongside CFO Mike Aidekman, CIO Jeff Remillard, and Managing Directors Mike Sarno (Development) and Autumn Sorrow Stout (Asset Management). It operates four US offices (New York, El Segundo, Denver, Dallas) and distributes its investment products through direct institutional relationships supported by LinkedIn and Twitter presence.
Abacus Capital Group firmographics
Firmographics- Name
- Abacus Capital Group
- Legal name
- Abacus Capital Group LLC
- Website
- https://abacuscapitalgroup.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Abacus Capital Group is a private, New York-based real estate investment manager founded in 2004 that invests in US multifamily properties on behalf of institutional investors through Value Add, Development, and Core strategies, with $4.8 billion deployed and 31,000 units acquired since inception.
- Ownership category
- akta.pro rank
Abacus Capital Group industry classification
Industry- Product category
- Real Estate Investment Management
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
Keywords
Where Abacus Capital Group is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Abacus Capital Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations
Revenue model
- Fund Management Fees: Management fees from commingled funds and separate accounts managed on behalf of institutional investors
- Carried Interest: Performance-based carried interest from successful investments and realizations
Go-to-market motion2 records
Distribution channels1 record
Marketing channels2 records
Abacus Capital Group product offering
Product offeringCore offering
Abacus Capital Group is a real estate investment management firm that invests in U.S. multifamily properties on behalf of institutional clients through commingled funds and separate accounts. The firm pursues multiple investment strategies across the risk/return spectrum, including Value Add, Development, and Core approaches to multifamily real estate.
Product overview
Abacus Capital Group is a private real estate investment management firm offering three distinct investment strategies: Value Add, Development, and Core. The Value Add strategy targets underperforming multifamily properties to capture rental gaps through value creation programs. The Development strategy pursues ground-up development when existing asset pricing exceeds replacement cost. The Core strategy identifies properties with durable market characteristics for stable returns. The firm's portfolio comprises over 60 named multifamily properties across the United States, including properties such as Paddock Estates (244 units), St. Tropez (376 units), Fountain View on the Plaza (398 units), Veda Sherman Oaks (236 units), Trio Apartments (100 units), Turquesa Apartments (240 units), Rivervue Avondale (228 units), Residences at 3295 (60 units), The Ardenport (400 units), The Overlook at the Rim (298 units), The Ridgedale (334 units), Napa Oaks (300 units), and numerous other properties in markets including Washington, Texas, Florida, California, Illinois, Oregon, and other states. These properties range from 60 to 631 units and were built between 1962 and 2025.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 114 investments since inception with 66 fully realized
Companies that use Abacus Capital Group
Customer profileSegments1 record
Ideal customer profiles1 record
Abacus Capital Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Abacus Capital Group partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Abacus Capital Group competitors and assessment
Company assessmentDirect peers
- Greystar Real Estate Partners: Greystar is the largest U.S. multifamily property management, investment management, and development firm. It is a direct peer given overlapping U.S. multifamily investment management capabilities and because Abacus's CEO previously served as President of Greystar Real Estate Advisors.
- DRA Advisors: DRA Advisors is a real estate investment management firm focused on U.S. multifamily and commercial real estate. It is a direct peer given shared multifamily investment focus and because Abacus's co-founder/CEO Ben Friedman was a Managing Director and Principal at DRA from 1993-2001.
- GID Investment Advisers: GID is a vertically integrated real estate investment and operating firm with multifamily strategies across value-add, core, and development, similar to Abacus's three-strategy platform. Direct peer given comparable institutional multifamily fund offerings.
- Berkshire Residential Investments: Berkshire Residential is a U.S. multifamily-focused institutional investment manager operating across value-add, core, and development strategies for pension funds and other LPs. Direct peer given nearly identical strategy mix and institutional client base.
- TruAmerica Multifamily: TruAmerica Multifamily is a vertically integrated U.S. multifamily investment manager pursuing value-add strategies on behalf of institutional investors. Direct peer given shared multifamily value-add focus and institutional fundraising model.
- Crow Holdings Capital: Crow Holdings Capital is a Dallas-based real estate investment manager offering multifamily and other real estate strategies for institutional investors. Direct peer given U.S. multifamily focus and institutional separate account / commingled fund structure.
- Stockbridge Capital Group: Stockbridge Capital is a San Francisco-based institutional real estate investment manager operating across multifamily and other property types. Direct peer given institutional commingled fund structure with multifamily exposure.
- JRK Property Holdings: JRK Property Holdings is a U.S. multifamily-focused owner-operator and investment manager with value-add and core strategies. Direct peer given shared multifamily value-add and core investment strategy for institutional capital.
Broad incumbents
- AEW Capital Management: AEW is a large, diversified institutional real estate investment manager with multifamily as one of several property types it manages. Broad incumbent peer given larger, multi-sector scope but overlapping U.S. multifamily strategies and institutional LP base.
Emerging players
- Harrison Street Real Estate Capital: Harrison Street is an alternative real estate investment manager that has historically focused on niche sectors but has expanded into multifamily and other property types. Emerging player peer given partial overlap with Abacus's institutional multifamily investment thesis.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Abacus Capital Group social profiles
Digital presenceAbacus Capital Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Abacus Capital Group leadership team
Management profileNumber of profiles
Abacus Capital Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Abacus Capital Group M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Abacus Capital Group
What does Abacus Capital Group do?
Abacus Capital Group is a real estate investment management firm that invests in U.S. multifamily properties on behalf of institutional clients through commingled funds and separate accounts. The firm pursues multiple investment strategies across the risk/return spectrum, including Value Add, Development, and Core approaches to multifamily real estate.
Is Abacus Capital Group a public or private company?
Abacus Capital Group is a private company. It is classified as unknown and is currently operating.
When was Abacus Capital Group founded?
Abacus Capital Group was founded in 2004. It employs 101 to 250 people.
Where is Abacus Capital Group based?
Abacus Capital Group is headquartered in New York, United States, in the North America region.
How does Abacus Capital Group make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest.
Who are Abacus Capital Group's main competitors?
Direct peers on record are Greystar Real Estate Partners, DRA Advisors, GID Investment Advisers, Berkshire Residential Investments, TruAmerica Multifamily, Crow Holdings Capital, Stockbridge Capital Group and JRK Property Holdings. AEW Capital Management is listed as a broad incumbent. Harrison Street Real Estate Capital is listed as an emerging player.
Does Abacus Capital Group have an API?
No public API is recorded for Abacus Capital Group.
What industry is Abacus Capital Group in?
Abacus Capital Group's product category is Real Estate Investment Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE). Its NAICS code is 525 and its SIC code is 6531.