CAF Capital Partners, LLC

What CAF Capital Partners, LLC does

CAF Capital Partners, LLC is a Dallas-based private equity real estate firm founded in 2010 by Chris Faulkner after a 15-year tenure at GE Capital Real Estate. The firm specializes exclusively in multifamily real estate investments across the U.S. Sun Belt, with concentrated operations in Texas (particularly the Dallas-Fort Worth metro), Oklahoma, Arizona, and an emerging presence in the Southeast. CAF acquires, redevelops, and repositions institutional-quality multifamily assets — primarily 1990s–2010s vintage properties with light to moderate value-add potential — and has closed over $4 billion in transactions while managing 26,000+ units across its portfolio. The firm is recognized as a four-time Freddie Mac Multifamily Impact Sponsor (2022–2025) for its social impact workforce housing strategy, executed in partnership with Goldman Sachs Asset Management's Urban Investment Group beginning in 2021.

The firm's core operating model centers on a vertically integrated property management platform — a wholly-owned subsidiary (CAF Management) handling leasing, maintenance, marketing, and accounting in-house — combined with a dedicated social impact program that delivers free education, workforce development, childcare, ESL, and financial literacy services to residents via nonprofit partners such as Kids-U. Its investment approach is a Core Plus strategy targeting assets with 150+ units near key demand drivers, supported by an institutional capital network that includes Goldman Sachs and approximately $1.3 billion in equity raised alongside partners.

Revenue is generated through asset management fees on managed portfolios and acquisition/disposition transaction fees on each deal closed. The firm sells primarily to accredited and institutional investors (high-net-worth individuals, family offices, institutional capital partners) through relationship-driven outreach, an investor portal powered by AppFolio Investor Management, and direct co-investment with strategic partners. Customer concentration risk is moderate, with Goldman Sachs Asset Management serving as a key institutional co-investor and visible portfolio occupier of the firm's deal flow.

Name

CAF Capital Partners, LLC

Legal name

CAF Capital Partners, LLC

Website

https://cafcapital.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

CAF Capital Partners is a Dallas-based private equity real estate firm founded in 2010 that exclusively acquires, redevelops, and manages Sun Belt multifamily properties, serving accredited and institutional investors seeking workforce and market-rate housing exposure.

Ownership category

akta.pro rank

Headquarters

HQ city

Frisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Ongoing fees charged for managing multifamily properties and investor portfolios under asset management.
2. Acquisition and Disposition Transaction Fees: Fees earned from acquiring and selling multifamily real estate assets. The firm has closed over $4 billion in apartment properties.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

CAF Capital Partners is a Dallas-based private equity real estate firm that acquires, redevelops, and repositions institutional-quality multifamily assets across the Sun Belt, primarily in Texas and the DFW market. The firm manages 26,000+ multifamily units through a vertically integrated in-house management platform covering leasing, maintenance, marketing, and accounting, with a four-time Freddie Mac-recognized social impact program serving workforce and affordable housing residents.

Product overview

CAF Capital Partners operates as a unified multifamily investment platform combining three core components: (1) the Multifamily Investment Platform for acquisition, redevelopment, and repositioning of institutional-quality assets across the Sun Belt; (2) the Vertically Integrated Management Platform providing in-house operational control across leasing, maintenance, marketing, and accounting; and (3) the Social Impact Program delivering free education, workforce development, and family support services to residents through partnerships with non-profits. The Core Plus Investment Strategy underpins all acquisitions, targeting properties from the 1990s to 2010s with light to moderate value-add potential.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily Investment Platform Core private equity fund platform that acquires, redevelops, and repositions institutional-quality multifamily assets across the Sun Belt (primarily Texas and DFW), targeting 1990s–2010s vintage properties with light to moderate value-add potential and lease-up risk optimization for accredited and institutional investors.
• Vertically Integrated Property Management Fully in-house operations platform delivering leasing, maintenance, marketing, and accounting services to the firm's owned multifamily portfolio, enabling operational control and seamless execution across 26,000+ units.

Quantifiable outcome

• 26,000+ units under asset management across Sun Belt markets
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Kids-UcoreStrategic or Co-development PartnerNon-profit partner providing free educational support, after-school tutoring, family engagement services, and workforce development programs to residents at CAF properties.
• Echelon EnergycoreTechnology or IntegrationSustainability partner conducting energy audits on properties to evaluate energy efficiency and implement improvements for environmental sustainability.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Greystar Real Estate Partners: Largest US multifamily owner, operator, and investment manager with vertically integrated property management and institutional capital partnerships. Directly comparable to CAF on multifamily focus, vertically integrated operating platform, and institutional LP relationships.
• Crow Holdings Capital: Dallas-based private equity real estate firm with deep Sun Belt multifamily focus and institutional capital partnerships. Highly comparable to CAF on geography, asset class concentration, and mid-size PE real estate platform profile.

Broad incumbents

• Starwood Capital Group: Global private equity real estate investor deploying institutional capital across multifamily, hospitality, and housing. Comparable to CAF's institutional capital model and multifamily exposure, though far larger and more diversified.
• Blackstone Real Estate: Largest private equity real estate platform globally with multifamily and workforce housing strategies, including BREIT. Comparable investment model and Sun Belt exposure, operating at significantly greater scale.
• Brookfield Real Estate: Global real estate investment manager with substantial multifamily and affordable housing strategies. Comparable to CAF's institutional capital partner model and value-add investment approach.
• KKR Real Estate: Major global alternative asset manager with dedicated real estate strategy focused on multifamily and housing. Comparable institutional capital approach, though significantly broader and larger than CAF.
• TPG Real Estate: Alternative asset manager with dedicated real estate strategy including multifamily investments. Comparable to CAF's institutional LP-driven model and value-add multifamily approach.
• PGIM Real Estate: Global real estate investment manager with multifamily equity and debt strategies across US markets. Comparable institutional investment approach and value-add multifamily exposure.
• AEW Capital Management: US-focused real estate investment manager with multifamily and affordable housing strategies. Comparable institutional investment model targeting core-plus and value-add multifamily across US growth markets.

Others

• JLL Capital Markets: Global commercial real estate services and investment management firm with multifamily investment sales and capital markets operations. Adjacent peer providing deal flow, financing, and asset services to firms like CAF.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

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 CAF Capital Partners, LLC