New York-based Jonathan Rose Companies, a leading mission-driven real estate investment and development firm, has reached final close of Rose Affordable Housing Preservation Fund VI, a $660-million impact fund dedicated to acquiring, preserving, and enhancing affordable and mixed-income multifamily in urban markets nationwide. The closing brings the total equity raised across Jonathan Rose Companies’ Preservation Fund series to more than $1.5 billion.
“Affordable housing remains one of the most pressing and investable challenges of our time,” said Jonathan F.P. Rose, president of Jonathan Rose Companies. “With Fund VI, we are not only preserving long-term affordability but also reinvesting in properties ready for transformation and turning them into platforms for opportunity.”
He continued, “These will be healthier, more sustainable and resilient communities that offer residents stability, access to essential resources, and a foundation for a better future, while delivering strong value for our investors. It’s a strategy rooted in decades of experience, but deeply attuned to the needs of this moment.”
In line with the firm’s broader sustainability mission, Fund VI aims to reduce portfolio-level energy use by 20%, water consumption by 15%, and greenhouse gas emissions by 20% within 10 years. Each property in the fund will be benchmarked and retrofitted to prioritize cost-effective improvements with a five-year payback, such as high-efficiency HVAC systems, water-saving fixtures, and rooftop solar. The firm will pursue third-party greening certifications such as Enterprise Green Communities across the portfolio.
The fund attracted a diverse institutional investor base, including pension funds, banks, foundations, endowments, and family offices. Notable investors include Capital One and theFord Foundation. Approximately 75% of the capital commitments came from returning investors, a strong signal of continued demand for real estate strategies that deliver both resilient returns and measurable social impact.
This sixth preservation fund brings the series total to over $1.5 billion.
A leading developer and owner of affordable and mixed-income multifamily housing, Jonathan Rose Co. has a portfolio of nearly 20,000 homes in 14 states and Washington, D.C.
Working to Restore the Promise of Communities: We envision a world in which every community is a thriving landscape of opportunity, in balance with nature, contributing to the common good and enabling its residents and staff to lead healthy, fulfilling lives.
Our vision for Communities of Opportunity is to empower residents, through the co-creation of programming and interventions, improving health and wellbeing, resulting in better life outcomes, with great housing communities as the platform.
