Churchwick Partners

What Churchwick Partners does

Churchwick Partners is a privately held tactical real estate investment firm headquartered in New York that acquires properties across multiple U.S. states with an emphasis on long-term cash flow durability and resiliency. The firm targets assets offering upside from both long-term multiple expansion and value-added marginal income generation, positioning itself as an all-weather real estate investment platform. According to the firm's own disclosures, it has completed over $2 billion in real estate transactions.

The firm was co-founded by Jaime Gitler, David Kaye, and Asaf Fligelman, with Joe Listhaus also serving as Co-Founder and Managing Partner. The leadership team collectively brings experience from J.P. Morgan's Commercial & Investment Banking division, Standard & Poor's, PricewaterhouseCoopers, Millennium Management, and Antheus Capital. In January 2025, Jason Rochwarger formally joined as a Partner after serving in an advisory role since the firm's founding, bringing 18 years of experience from Antheus Capital where he oversaw nearly $3 billion in transactions. The current team also includes Jonathan Schwalb as General Counsel and Jack Evans as VP of Acquisition.

Churchwick Partners operates without a proprietary technology platform and does not publicly disclose pricing, fees, or investment minimums. Distribution occurs through a gated private investor login portal, indicating a relationship-based model targeting institutional and high-net-worth investors. Revenue is generated from real estate investment returns realized through asset appreciation, cash flow generation, and eventual disposition. Several team members maintain active roles at affiliated entities including Rockledge (multifamily, hospitality, retail), Wesley Lake Partners (alternative finance), Stonewall Venture Partners (early-stage fintech, insurtech, and proptech), and GFP Real Estate (NYC office properties), creating a broader investment ecosystem around the firm.

Name

Churchwick Partners

Legal name

Churchwick Partners

Website

https://churchwickpartners.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Churchwick Partners is a private tactical real estate investment firm based in New York that acquires U.S. properties with long-term cash flow durability and value-add upside potential, serving institutional and high-net-worth investors through a gated private investor platform.

Ownership category

akta.pro rank

Product category

Real Estate Investment Services

NAICS

Other Investment Pools and Funds (5259)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro primary industry

Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)

Keywords

• Real estate investment
• Tactical investing
• Value-add properties
• Multifamily acquisitions
• Commercial real estate

Headquarters

HQ city

Woodmere

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Real Estate Investment Returns: The firm generates returns through strategic acquisition of properties with upside potential from both long-term multiple expansion and value-added marginal income generation. Returns are realized through asset appreciation, cash flow generation, and eventual disposition of properties.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Churchwick Partners is a tactical real estate investment firm that deploys capital in real estate opportunities with long-term cash flow durability and resiliency. The firm focuses on acquiring properties with upside potential from both long-term multiple expansion and value-added marginal income generation. The firm operates as a unified investment platform without distinct named products, targeting institutional and qualified investors through a gated investor portal.

Product overview

Churchwick Partners is a tactical real estate investment firm that operates as a single, unified investment platform focused on deploying capital in real estate opportunities with long-term cash flow durability and resiliency. The firm seeks to acquire properties with upside potential from both long-term multiple expansion and value-added marginal income generation. The company does not appear to offer distinct named products, modules, or sub-brand offerings based on available source material.

Differentiator

Problem solved

Functional benefit

Products and services

• Tactical Real Estate Investment Platform A unified real estate investment platform that deploys capital in properties with long-term cash flow durability and resiliency, targeting opportunities with upside from multiple expansion and value-added income generation for institutional and qualified investors.

Quantifiable outcome

• Over $2 billion in real estate transactions completed
• +1 more outcomes

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Highgate: Hospitality-focused real estate investment and management firm operating and investing in hotels and resorts across the US, comparable in tactical hotel investment thesis and value-add repositioning strategy.
• GFP Real Estate: NYC-focused real estate owner/operator where David Kaye serves as Executive Managing Director, overseeing 1M+ sq ft of office properties. Operates in adjacent asset classes and geographies and shares management with Churchwick Partners.
• KSL Capital Partners: Denver-based private equity firm specializing exclusively in travel and leisure real estate including hotels, resorts, and spas — directly comparable to Churchwick's stated hospitality focus and tactical, value-add investment approach.
• Rockledge: Closest peer: co-founded by the same principals (Joe Listhaus, David Kaye), focused on acquiring and repositioning multifamily, hospitality, and retail real estate across the US with $1B+ in transactions and ~10,000 units under management. Operates as a closely aligned investment platform to Churchwick.
• Antheus Capital: Real estate private equity firm focused on multifamily and mixed-use urban assets, where Jason Rochwarger (now Churchwick Partner) worked for 18 years, growing the platform from 1,000 to 12,000 units and executing ~$3B in transactions. Direct comparable in scale, asset class, and strategy.

Others

• Wesley Lake Partners: NYC-based alternative finance firm co-founded by Joe Listhaus (Churchwick Managing Partner) providing growth capital to SMBs — affiliated entity sharing founder attention; demonstrates the principal's diversified investment activity beyond real estate.

Broad incumbents

• Park Hotels & Resorts: Large publicly traded lodging REIT with portfolio of premium-branded hotels in major US markets — relevant comparable for hotel sector exposure and asset class dynamics affecting Churchwick's hospitality strategy.
• Pebblebrook Hotel Trust: Publicly traded hotel REIT focused on urban and resort luxury properties — comparable in hotel sector specialization but operates as a perpetual vehicle rather than a tactical private fund.
• Brookfield Real Estate: Major institutional real estate investor and operator with global hospitality and multifamily exposure — competes for the same institutional capital and value-add hotel/multi-family opportunities Churchwick targets.
• Blackstone Real Estate: Largest global institutional real estate investor with broad hospitality, multifamily, office, and retail exposure. Sets competitive benchmarks for tactical, all-weather real estate strategies at scale that Churchwick must differentiate against.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks2 records

Key highlights6 records

Customer concentration

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 Churchwick Partners