ILE Homes

What ILE Homes does

ILE Homes is a privately held residential real estate investment and asset management firm headquartered in Dallas, Texas, that acquires, renovates, leases, and manages single-family rental (SFR) homes on behalf of individual investors, families, trusts, and institutional clients. The company positions itself as a turnkey platform delivering current income and capital appreciation through diversified exposure to what it characterizes as top US residential rental markets, with claims of $3 billion in completed transactions across approximately 8,000 homes and roughly 6,500 homes under current management.

The business model centers on sourcing, acquiring, and professionally renovating single-family homes, then leasing and managing them through technology-enabled property operations. The platform is supported by an ecosystem of general contractors and on-the-ground local professionals in each market, with no proprietary consumer-facing technology product disclosed. Revenue is generated through managed services — asset management fees, acquisition/renovation, and disposition activity — for accredited and institutional investors, while renters are sourced through conventional SFR leasing channels.

ILE Homes was founded in 2020 by Mahesh Shetty, who leads a senior team drawn from institutional real estate operators such as Roofstock, Lessen, SG Blocks, Cash America, and Encore Enterprises. A 2024 board appointment of Roy Bailey of Bailey Deason Capital Interests signals growing institutional capital ambitions. The firm holds trademarks including "Creating Wealth, Doing Good" and references participation in industry bodies such as the National Rental Home Council.

Name

ILE Homes

Legal name

ILE Homes Investment Manager LLC

Website

https://ilehomes.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

ILE Homes is a Dallas-based single-family rental investment and asset management firm that acquires, renovates, leases, and manages SFR homes for individual and institutional investors.

Ownership category

akta.pro rank

Product category

Residential Real Estate Asset Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Lessors of Real Estate (5311)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Single-Family Rental (SFR) Property Management (BPAJAFAB)

akta.pro secondary industry

Residential Real Estate Asset Management (BPAJAMAA)

Keywords

• Residential real estate investment
• Single-family rental management
• Real estate asset management
• Rental property investment
• Property acquisition services

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Investment Management: ILE Homes generates revenue by investing on behalf of individuals, families, trusts, and institutions, as well as public and private funds. The company identifies rental neighborhoods, acquires homes, renovates them, leases to tenants, and manages assets to deliver current income and capital appreciation for investors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

ILE Homes is a privately held residential real estate investment and asset management firm that acquires, renovates, leases, and manages single-family rental homes on behalf of individual investors, families, trusts, and institutional capital partners. The firm identifies high-quality rental neighborhoods, executes acquisitions with professional due diligence, renovates properties to improve quality and reduce maintenance, underwrites tenants, and operates an ongoing asset management platform to deliver current income and capital appreciation to investors.

Product overview

ILE Homes is a real estate investment firm that operates as a single, unified platform focused on single-family rental home investments. The company provides end-to-end services including property acquisition, renovation, leasing, and property management, generating current income and capital appreciation for investors through a portfolio of single-family rental homes. No distinct named products, modules, or sub-brands are offered—all capabilities are integrated into the core investment platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Single-Family Rental Investment Platform Turnkey platform through which ILE Homes acquires, renovates, leases, and manages single-family rental homes on behalf of individual investors, families, trusts, and institutions to deliver current income and capital appreciation. No distinct named sub-products, modules, or tiers are offered; all capabilities are integrated into this core offering.

Quantifiable outcome

• In many markets, a yield of 7% or greater can be achieved
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Roy BaileycoreStrategic or Co-development Partner · 8 March 2024Roy Bailey, CEO and co-founder of Bailey Deason Capital Interests, has joined the board of ILE Homes. Bailey brings extensive experience in private equity, finance, and strategic business leadership. He currently serves as a strategic advisor to the Texas Stock Exchange and previously served as founding partner and managing director of Giuliani Partners in New York.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Roofstock: Roofstock is a technology-enabled marketplace and SFR investment platform; ILE's VP of Construction previously served as National Director of Construction at Roofstock, overseeing $1B+ in completed transactions. Both firms acquire, renovate, and manage single-family rentals for individual and institutional investors.

Emerging players

• Lessen: Lessen is a tech-enabled SFR renovation, property management, and acquisition services provider; ILE's VP of Construction previously led renovations on Lessen's startup team. They overlap in renovation operations and institutional SFR services rather than direct ownership competition.
• Bungalow: Bungalow operates a managed co-living SFR network that competes with ILE for single-family rental tenants in select metros. Comparable in resident experience and property management model, though Bungalow focuses on tenant-facing rather than investor-facing services.

Broad incumbents

• FirstKey Homes: FirstKey Homes is one of the largest U.S. single-family rental operators, backed by Cerberus Capital Management. It competes with ILE for institutional capital, tenant placement in major metros, and bulk-acquisition opportunities.
• Invitation Homes: Invitation Homes is the largest publicly traded SFR owner-operator with ~80,000+ homes. It competes with ILE for institutional capital, tenants in major U.S. metros, and acquisition targets, but operates at vastly greater scale and with public-market permanent capital.
• American Homes 4 Rent: AMH is a leading publicly traded single-family rental REIT with a vertically integrated development, acquisition, leasing, and property-management platform. Comparable to ILE across the full SFR value chain but with public-markets capital and a development-led pipeline.
• Progress Residential (Pretium): Progress Residential is a Pretium-backed SFR operator managing tens of thousands of homes. It competes directly with ILE in institutional-scale SFR leasing and property management and offers a comparable resident- and investor-facing platform.
• Tricon Residential: Tricon Residential is a public SFR-focused investment manager with U.S. and Canadian portfolios. It is comparable to ILE as an institutional SFR investment manager serving private-equity capital and high-net-worth investors.

Others

• CoreVest Finance (Brookfield): CoreVest is a leading SFR and build-to-rent financing and investment-management platform within Brookfield. Comparable to ILE as institutional capital partners to SFR operators and as an adjacent real-estate financing provider to the same customer base.
• Zillow Rentals / Apartment List (SFR adjacencies): Zillow and Apartment List are leading consumer marketplaces for rental listings, including single-family rentals, and represent both a competitive demand channel and a partner distribution surface for ILE's investor- and tenant-facing operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/ile-homes

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 ILE Homes