White Bird

What White Bird does

White Bird, legally The Syndic Capital SAS, is a French property administration group founded in 2019 and headquartered in Saint-Cloud, France. The company delivers three core property services — syndic de copropriété (co-ownership syndication), gestion locative (rental property management), and property/asset management for residential, office, retail, hotel, and warehouse assets — and reports management of €3 billion in assets as of January 1, 2025 across 12,000+ copropriétaires and 4,000 gestion lots. Its operational footprint combines direct offices in Paris, Hauts-de-Seine, and Yvelines with a national partner network of 30+ independent property administrator cabinets operating under White Bird infrastructure in cities including Lyon, Nantes, Nîmes, Bordeaux, and Tours.

The company runs on a proprietary digital ecosystem that integrates ERP, CRM, BI tools, automated accounting, AI-driven document processing (OCR), banking integration, and a client extranet portal (Espace Client) that enables real-time KPI access, online voting for general assemblies, and digital document retrieval. White Bird monetizes through recurring syndic and gestion locative fees on directly managed portfolios, asset management fees on institutional mandates (clients include BNP Paribas Cardif, Malakoff Humanis, Primonial, Caisse des Dépôts), and a 50% royalty on partner fees in exchange for back-office, IT, training, and accounting infrastructure. A Qualiopi-certified training school (Ecole de Formation) offering 36 online courses and B Corp certification (2025) extend the platform into partner enablement and ESG positioning, with reported KPIs including a 96% mandate renewal rate, 83% client satisfaction, 4.3/5 Google rating, and 5h26m average response time.

Name

White Bird

Legal name

The Syndic Capital SAS

Website

https://whitebird.immo

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

White Bird is a French property administration platform offering syndic, rental management, and asset management services through direct operations in Paris and a 30+ partner network across France, managing €3B in assets for 12,000+ copropriétaires.

Ownership category

akta.pro rank

Headquarters

HQ city

Saint-cloud

HQ country

France

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Network partnership fee: White Bird charges partners a 50% royalty on their fees (honoraires) for providing complete back-office services. Partners keep 50% of their fees while White Bird handles accounting, client support, IT infrastructure, and training.
2. Syndic de copropriété fees: Property management and syndication fees for managing condominium buildings and homeowner associations
3. Gestion locative fees: Rental management fees for managing rental properties on behalf of owners
4. Property management (Asset Management): Professional property management services for commercial and residential assets, managing over 3 billion euros in assets

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

White Bird provides co-ownership syndication (syndic de copropriété), rental property management (gestion locative), and asset/property management services across France. The company operates through a hybrid model combining direct service delivery in the Paris region with a network of 30+ independent partner cabinets across France, all powered by a proprietary digital ecosystem. White Bird manages over 3 billion euros in assets and serves copropriétaires, individual rental property owners, and institutional asset owners.

Product overview

White Bird operates as a unified property administration platform offering three core services: Syndic (co-ownership syndication), Gestion Locative (rental property management), and Property Management (asset management). These services are supported by a digital ecosystem including the client extranet portal, the Ecole de Formation (training school with 36 courses), and the Réseau White Bird (partner network). The platform is designed for both direct operations in Paris region and as a franchise-like network for independent property administrators across France. Key differentiators include digital-first operations with AI-integrated back-office automation, Qualiopi-certified training, and B Corp certification for social impact.

Differentiator

Problem solved

Functional benefit

Products and services

• Syndic de Copropriété Modern co-ownership syndication (syndic de copropriété) services for condominium buildings and homeowner associations. Includes digital tools, dedicated local managers, transparent pricing, 24/7 emergency line, on-site general assemblies, and real-time extranet access. Designed for copropriétaires seeking responsive and transparent property management.
• Gestion Locative (Rental Management) Rental property management services for individual property owners. Includes fast property rental (8-day average), tenant selection, rent collection, maintenance coordination, accounting, and guaranteed unpaid rent protection (GLI at 2.6%). Designed for propriétaires bailleurs seeking professional rental management.
• Property Management (Asset Management) Asset and property management services for residential, offices, retail, hotels, and warehouses. Manages over 3 billion euros in assets with real-time KPIs, ISR/tertiary decree compliance, consolidated reporting, and dedicated property managers. Designed for institutional investors, REITs, insurance companies, and asset management firms.
• Ecole de Formation White Bird

Quantifiable outcome

• 3 billion euros in assets managed as of January 2025
• +7 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Malakoff HumanisminorOthersAsset management client - White Bird manages properties for Malakoff Humanis as part of their real estate portfolio management
• IrokominorOthersAsset management client relationship - Iroko is an investment platform with real estate assets managed by White Bird
• BNP Paribas CardifminorOthersAsset management client - BNP Paribas Cardif properties included in White Bird's managed portfolio
• PrimonialminorOthersReal estate investment company with properties managed by White Bird
• Asset Management companiescoreOthersMultiple institutional asset management clients including generic asset management firms listed in property management client logos
• Caisse des DépôtsminorOthersFrench public financial institution with real estate investments managed through White Bird
• AresminorOthersReal estate investment company included in White Bird's property management client portfolio
• SteplingminorOthersInvestment platform with real estate assets managed by White Bird

Scale indicators16 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Foncia: Largest French residential property manager (syndic and gestion locative) with national coverage and institutional ownership (Eurazeo/Partners Group). Comparable to White Bird as a direct competitor in syndic and gestion locative, but at vastly larger scale and with a traditional (less digitized) operating model.
• Citya Immobilier: Major French property management group with hundreds of agencies nationwide, part of the Arche group. Competes with White Bird in syndic and gestion locative across France, with broader geographic coverage but a less digitally integrated platform.
• Nexity: Largest French integrated real estate group offering property management alongside development, brokerage, and administration. Overlaps with White Bird in syndic/gestion but operates as a diversified incumbent rather than a focused, digital-first network.
• Square Habitat: Real estate services arm of Crédit Agricole, providing syndic, gestion locative, and transaction. Comparable to White Bird in core property management offerings but distributed through a banking network and operating as a broader financial services ecosystem.

Direct peers

• Matera: French proptech offering digital-first syndic de copropriété services to homeowner associations. Most directly comparable to White Bird's core syndic offering, but with a pure SaaS/digital-service model rather than White Bird's hybrid network-and-direct approach.
• Sergic: Long-established French property manager offering syndic, gestion locative, and transaction services across northern France. Comparable operating model to White Bird in core syndic/gestion activities, with similar multi-service positioning.
• Lamotte: Independent French property manager with syndic, gestion locative, and asset management offerings, primarily in western France. Comparable to White Bird as an independent multi-service property administrator targeting similar client segments.
• Bellman: French property management firm offering syndic de copropriété, gestion locative, and asset management. Comparable to White Bird in core services and target customer (individual property owners and copropriétés).

Emerging players

• Imodirect: French digital real estate services platform with elements of property management, rental management, and online tenant/owner tools. Comparable to White Bird's digital-first philosophy but with a more transactional/portal orientation.
• Cotoit: French proptech focused on simplifying copropriété management with digital tools and modern client experience. Comparable to White Bird as a digitally native syndic competitor, but at a smaller scale and earlier stage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/WhiteBird.immo
• LinkedInlinkedin.com/company/white-bird-immo

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about White Bird