USA Properties Fund, Inc.
- Company typePrivate
- Founded1981
- HeadquartersRoseville, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
USA Properties Fund, Inc. firmographics
Firmographics- Name
- USA Properties Fund, Inc.
- Legal name
- USA Properties Fund, Inc.
- Website
- http://usapropfund.com
- Company type
- Private
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
USA Properties Fund, Inc. industry classification
Industry- Product category
- Affordable Housing Development
- NAICS
- New Multifamily Housing Construction (except For-Sale Builders) (236116), Services to Buildings and Dwellings (5617), Residential Building Construction (2361)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)
- akta.pro primary industry
- Affordable Housing Property Management (BPAJAGAJ)
- akta.pro secondary industries
- Affordable & Public Housing Asset Management (BPAJAMAI), Multifamily Apartment Property Management (BPAJAFAA)
Keywords
Where USA Properties Fund, Inc. is headquartered
LocationHeadquarters
- HQ city
- Roseville
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
USA Properties Fund, Inc. business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Affordable Apartment Development: USA Properties Fund develops affordable apartment communities, financing them through Low Income Housing Tax Credits (LIHTC), tax-exempt and taxable bonds, HOME funds, and other state and local subsidies. Revenue is earned through development fees, developer overhead, and equity raises from tax credit investors.
- Multifamily Property Management: USA Multifamily Management (founded 1993) provides full-scale professional management for communities in California and Nevada, including marketing, maintenance, leasing, rehabilitation, and accounting services. Revenue is generated through management fees from the nearly 12,000 apartment homes managed.
- Construction Management: USA Construction Management (30+ years) provides construction and rehabilitation of multifamily communities, from planning through certificates of occupancy. Revenue is earned through construction management fees on projects managed in-house.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Terracina at Winding Creek (Roseville): 1-3BR units, 30%-70% AMI qualifying households |
| Subscription | Monthly | The Orion (Orange): 1-2BR units, 55+ seniors, 30%-70% AMI |
| Subscription | Monthly | Terracina at Wildhawk (Sacramento County): 1-3BR units, 30%-70% AMI |
| Subscription | Monthly | Terracina at Winding Creek (284 units): Rents significantly below market rate |
| Subscription | Monthly | 8181 Allison (La Mesa): 1-2BR transit-oriented units, 30%-70% AMI |
| Subscription | Monthly | Terracina at Tustin Legacy: 1-3BR units, 30%-60% AMI (projected) |
| Subscription | Monthly | The Steven (Rocklin): 1-2BR senior units, 30%-70% AMI (projected) |
| Subscription | Monthly | Hope Way Apartments (Penryn): 1-4BR units, 30%-70% AMI (proposed) |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
USA Properties Fund, Inc. product offering
Product offeringCore offering
USA Properties Fund develops and acquires multifamily apartment communities, manages their construction and rehabilitation, and provides ongoing property management services. Its work centers on affordable, mixed-income, and selected market-rate housing supported by public-private financing structures and government subsidy programs.
Product overview
USA Properties Fund is a vertically-integrated real estate development company specializing in affordable multifamily housing across California, Nevada, and Oregon. The company operates through three core divisions: USA Multifamily Development (development and acquisition of apartment communities), USA Construction Management (full-service construction with California contractor's license), and USA Multifamily Management (property management for nearly 12,000 homes). The company has developed or acquired and rehabilitated nearly 19,000 units since 1981, with expertise in Low Income Housing Tax Credits, tax-exempt bonds, and mixed-income communities. Their portfolio includes named apartment communities such as Terracina at Tustin Legacy, Terracina at Winding Creek, The Orion, 8181 Allison, The Steven, Terracina at Wildhawk, and Mainline North. The J.B. Brown Fund provides social services including scholarships for residents.
Differentiator
Problem solved
Functional benefit
Brands
- USA Multifamily Development: Development and acquisitions team with extensive experience in affordable and market-rate multifamily housing development.
- USA Construction Management
- USA Multifamily Management
Products and services
- USA Multifamily Development Development and acquisition of affordable, mixed-income, and market-rate multifamily apartment communities, including entitlement coordination, investor relations, local-government partnerships, financing, and project delivery.
- USA Construction Management Full-service construction and rehabilitation management for multifamily communities, covering planning, cost control, scheduling, quality, safety, and certificates of occupancy under California contractor's license #912545.
- USA Multifamily Management Professional property management for apartment communities in California and Nevada, including marketing, leasing, maintenance, resident relations, rehabilitation coordination, affordable-program compliance, and accounting.
- Terracina at Winding Creek A 284-unit affordable apartment community in west Roseville, California, serving households earning 30% to 70% of area median income and including eight permanent supportive housing units.
- The Orion A 166-unit affordable senior apartment community in Orange, California, serving residents aged 55 and older and including eight permanent supportive housing units.
- 8181 Allison A 147-unit transit-oriented affordable apartment community in downtown La Mesa, California, near a trolley station and built as a five-story property with a rooftop deck and electric-vehicle charging.
- Terracina at Wildhawk A 145-unit affordable apartment community in Sacramento County's Vineyard area, with leasing underway and a $3.275 million photovoltaic solar system installed to offset electrical use.
- Mainline North A 151-unit affordable apartment community near Levi's Stadium in Santa Clara, California, with a three-level parking garage and stackable vehicle lift.
Quantifiable outcome
- 1,309 affordable apartments completed in 2025 — sixth-most in the nation and most by any California-based developer for the second consecutive year
- +4 more outcomes
Companies that use USA Properties Fund, Inc.
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles5 records
USA Properties Fund, Inc. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
USA Properties Fund, Inc. partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- The Irvine CompanycoreIrvine Company partnered with USA Properties Fund on Terracina at Tustin Legacy, a 338-apartment affordable community in the 1,600-acre Tustin Legacy mixed-use development transforming a former Marine Corps Air Station. This is the first partnership between USA Properties Fund and Irvine Company.
- Anthem PropertiescoreAnthem Properties is a partner on the Winding Creek Master Plan in west Roseville, where Terracina at Winding Creek (284 units) is located. Anthem serves as the master developer of the surrounding residential community.
- Housing Trust Placer Inc.coreHousing Trust Placer is a nonprofit partner with USA Properties Fund on Hope Way Apartments, a proposed 240-unit community in Penryn. CEO Robyn van Ekelenburg emphasized the critical need for affordable housing in Placer County and the partnership's goal of housing local residents and workforce.
- Riverside Charitable CorporationcoreRiverside Charitable Corporation partnered with USA Properties Fund on The Orion, a 166-unit senior community in Orange. Deputy Executive Director Recinda Shafer highlighted the project's legacy impact. The nonprofit originated as the Rehabilitation Institute of Orange County in 1950.
- Sierra CollegecoreSierra College is a partner on College Park, the 108-acre master development where The Steven is located. President Willy Duncan spoke at the groundbreaking. The Steven will provide affordable housing for seniors near the college campus.
- Cresleigh HomescoreCresleigh Homes, a leading homebuilder with subdivisions in south Placer County, is a partner in the College Park development with Sierra College and Evergreen Sierra LLC, where The Steven is being built.
- Cole Partners Development CompanyminorCole Partners Development Company is a partner on the College Park development in Rocklin where The Steven is located.
- The Pinyon GroupminorThe Pinyon Group co-developed Mainline North ($86M) in Santa Clara alongside USA Properties Fund as developers on the project.
- Orange County Health Care AgencyminorOrange County Health Care Agency was part of the public-private partnership enabling The Orion in Orange, contributing to the financing structure for the $63.6M senior community.
- LifeSTEPScoreLifeSTEPS is a social services provider present at many USA Properties-managed affordable communities across California, offering budgeting and financial planning, health-related programs, after-school activities for children, and other resident support services.
Scale indicators20 records
Recent moves6 records
Expansion highlights5 records
USA Properties Fund, Inc. competitors and assessment
Company assessmentDirect peers
- MidPen Housing: Northern California-focused nonprofit affordable housing developer that develops, owns, and manages LIHTC-financed multifamily communities for low-income households. Highly comparable as a California-based vertically-integrated affordable housing operator serving 30%-80% AMI populations.
- BRIDGE Housing: California-based nonprofit developer, owner, and property manager of affordable and mixed-income multifamily housing. Operates primarily in the San Francisco Bay Area and Southern California with LIHTC expertise, comparable scale (~10,000+ units), and similar mixed-income/mixed-population strategy.
- Mercy Housing: National nonprofit developer of affordable, mixed-income, and supportive multifamily housing across 40+ states with deep California operations. Compares closely on LIHTC-financed affordable development, mixed-population programs (seniors, families), and integrated resident services.
- Jamboree Housing Corporation: Orange County, California-based nonprofit developer of affordable and workforce multifamily housing with LIHTC and public-private partnership expertise. Comparable to USA in product mix (multifamily with mixed-income and senior components) and in geography (SoCal).
- Affirmed Housing Group: San Diego-based affordable housing developer specializing in LIHTC and mixed-income multifamily communities across Southern California. Directly comparable vertical-integrated model (development, third-party management) and similar AMI targeting (30%-80%).
- Meta Housing Corporation: Los Angeles-based affordable housing developer with 30+ year track record developing LIHTC and mixed-income communities across the Western U.S. Comparable portfolio scale, product type, and senior housing expertise; senior source of new USA Senior Director of Acquisitions Scott Nakaatari (developed $600M+ LIHTC projects).
- Eden Housing: Bay Area-based nonprofit developer and property manager of affordable multifamily housing across Northern California with deep LIHTC expertise. Direct comparable on product (multifamily affordable), geography overlap (Northern California), and integrated resident services model.
Broad incumbents
- The Related Companies (Related Affordable): National affordable and mixed-income housing developer that owns/operates tens of thousands of LIHTC units across more than a dozen states. Larger scale and broader geographic reach than USA Properties; frequently co-develops with California municipalities and Housing Trust Silicon Valley (a USA partner).
Regional players
- LINC Housing: Long Beach-based nonprofit affordable housing developer serving Southern California. Comparable product mix (multifamily affordable with mixed-income and permanent supportive housing), and comparable use of CalHFA, city, and county financing programs.
Emerging players
- AMCAL Multi-Housing Inc. California-based affordable and market-rate multifamily housing developer with strong LIHTC specialization and $600M+ project experience. Comparable California focus and LIHTC emphasis; new USA Senior Director of Acquisitions Scott Nakaatari previously led LIHTC project development here.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
USA Properties Fund, Inc. social profiles
Digital presenceUSA Properties Fund, Inc. financial estimates
Financial estimateRevenue estimate
Valuation estimate
USA Properties Fund, Inc. leadership team
Management profileNumber of profiles
Profiles17 records
USA Properties Fund, Inc. subsidiaries and ownership
Company hierarchySubsidiaries4 records
USA Properties Fund, Inc. funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
USA Properties Fund, Inc. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about USA Properties Fund, Inc.
What does USA Properties Fund, Inc. do?
USA Properties Fund develops and acquires multifamily apartment communities, manages their construction and rehabilitation, and provides ongoing property management services. Its work centers on affordable, mixed-income, and selected market-rate housing supported by public-private financing structures and government subsidy programs.
Is USA Properties Fund, Inc. a public or private company?
USA Properties Fund, Inc. is a private company. It is classified as unknown and is currently operating.
When was USA Properties Fund, Inc. founded?
USA Properties Fund, Inc. was founded in 1981. It employs 251 to 500 people.
Where is USA Properties Fund, Inc. based?
USA Properties Fund, Inc. is headquartered in Roseville, United States, in the North America region.
How does USA Properties Fund, Inc. make money?
Three revenue lines are on record. Affordable Apartment Development is the primary driver. The others are multifamily Property Management and construction Management.
Who are USA Properties Fund, Inc.'s main competitors?
Direct peers on record are MidPen Housing, BRIDGE Housing, Mercy Housing, Jamboree Housing Corporation, Affirmed Housing Group, Meta Housing Corporation and Eden Housing. The Related Companies (Related Affordable) is listed as a broad incumbent. LINC Housing is listed as a regional player. AMCAL Multi-Housing Inc. is listed as an emerging player.
Does USA Properties Fund, Inc. have an API?
No public API is recorded for USA Properties Fund, Inc..
What industry is USA Properties Fund, Inc. in?
USA Properties Fund, Inc.'s product category is Affordable Housing Development. Its primary akta.pro industry code is BPAJAGAJ, Affordable Housing Property Management, with a secondary code of BPAJAMAI, Affordable & Public Housing Asset Management. Its NAICS code is 236116 and its SIC code is 6531.