Real Estate Acquisitions and Management

Disciplined
Capital.
Institutional
Execution.

A vertically integrated real estate operating platform with a proven track record across multifamily, hospitality, and commercial assets, built for institutional partnership.

Investment Strategy Explore a Partnership →

Where we operate

Current holdings Sold

96Active Properties

12States

7M+Square Feet

Hover any blue state — select to expand its cities

MultifamilyInstitutional CapitalHospitalityValue-AddRent-StabilizedJoint VentureNational PortfolioExtended Stay MultifamilyInstitutional CapitalHospitalityValue-AddRent-StabilizedJoint VentureNational PortfolioExtended Stay

Investment Strategy

A vertically integrated platform

Rockledge is built for institutional partnership. Our integrated team, spanning acquisitions, asset management, capital markets, and operations, allows us to underwrite with precision, close with speed, and manage assets to maximize risk-adjusted returns for our capital partners.

Full Approach →

Source

Proprietary relationships and deep market knowledge to identify off-market opportunities before broadly marketed processes.

Underwrite

Institutional rigor: hold-period modeling, stress-tested DSCR analysis, full transparency at every stage for all capital partners.

Execute & Report

All decisions in-house. Close on schedule, manage assets actively, provide institutional-quality reporting to all partners.

States

7,000,000+

Square Feet
Under Management

13+

Years
Operating

About Rockledge

Built for institutional partnership

Founded in 2013 by David Kaye and Joe Listhaus, Rockledge is a privately held real estate operating company with a 13-year track record of acquiring, repositioning, and managing complex assets across multifamily, hospitality, and commercial sectors.

We operate as a true principal, not a fund, which means our interests are directly aligned with our lending and equity partners.

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Principal-Level Access

Lenders and capital partners deal directly with David Kaye and Joe Listhaus, not associates or intermediaries.

Complex Deal Expertise

We specialize in acquiring and repositioning assets others find too complex: rent-stabilized portfolios, distressed hospitality, and transitional commercial.

Long-Term Hold Strategy

We are long-term owners, not short-term traders. Our extended hold periods create alignment with lenders seeking reliable, long-duration borrowers.

Leadership

The Principals

Full Bios →

David Kaye

Co-Founder & Principal

Deep expertise spanning acquisitions, capital markets, and asset management. Led the firm through complex multifamily and hospitality transactions totaling hundreds of millions in volume.

Joe Listhaus

Co-Founder & Principal

Background in real estate finance and operations. Hands-on approach to asset management ensures every property performs against underwriting.

Market Presence