Empowering Landlords with a Better Way to Retire.

Key Investors & Service Providers

Who We Are Our Story Our Team Clients We Helped

Who We Are

Flock is a real estate investment platform built to simplify the lives of property owners. We transform the complexities of rental management into a seamless experience by enabling landlords to exchange their properties into a professionally managed portfolio of single-family rentals. Through the 721 Exchange, we make it possible for individual owners to preserve wealth, defer taxes, and enjoy passive income without the stress of day-to-day management.

At our core, we believe that powerful financial strategies shouldn’t be reserved for institutions or the ultra-wealthy. By combining technology, transparency, and expert portfolio management, Flock opens access to tools once limited to a select few. We are here to help everyday landlords transition from active management to long-term financial freedom, while keeping their wealth working for generations.

Our Story

For years, Ari balanced the demands of being both a landlord and a hedge fund manager. As life priorities shifted, he faced the same dilemma every landlord eventually encounters: how do you retire from managing rental properties without losing the wealth you’ve built? Drawing from his background in asset management, Ari knew the 721 Exchange was a powerful tool used by institutions and the ultra-wealthy to defer taxes and preserve wealth. But it was highly complex, expensive to structure, and completely out of reach for everyday property owners.

In 2020, Flock was founded to change that. By building the first seamless, tech—enabled 721 Exchange platform, Flock democratized a strategy once reserved for billion-dollar portfolios, giving individual landlords an easier path to passive investing, wealth preservation, and financial freedom.

2021

The Flock Fund launched with its first client to make the 721 Exchange accessible.

185+

Landlords have now contributed properties into the Fund.

Our Team

Flock’s team combines decades of experience from leading real estate and investment institutions. Together, we’re focused on making institutional-quality real estate accessible, transparent, and rewarding for individual property owners.

Our Leadership

Ari Rubin

Founder & CEO

Ryan Illsley

Investments

Leanne Dunn

Legal

Chad Nowakowski

Operations

Alex Cettina

Capital Markets

Matthew McEveety

Asset Management

Arthur Shmulevsky

Expansion

Danielle Rabman

Client Relations

William Zhuang

Engineering

Richard Pickering

People & Strategy

& The Rest of The Flock Team!

"Transparency. Integrity. Humanity. You can feel the pride the Flock team takes in what it does and is building."

—Lucy K.

Joined Flock in 2023

See Careers

Clients We Helped

Over 185 property owners have already trusted Flock to simplify their transition from active landlord to passive investor. From first-time landlords with a single home to seasoned owners managing multiple rentals, our clients share one common goal: preserving wealth while eliminating the burden of day-to-day property management. By making the 721 Exchange accessible, we’ve helped each of them unlock tax advantages, diversify into a professionally managed portfolio, and secure long-term financial peace of mind.

“

Ever since turning the property over to Flock, everything has gone the exact way it was suggested to go. I wish I found out about Flock 45 days earlier, so I could have contributed more properties.

Josh B.

“

Flock's commitment and ability to follow through on their word has been the most important in building trust.

Michael C.

“

You aren't worried about that 12 a.m. call that the pipe froze or the water heater stopped working. You sleep better.

Shirlee T.

“

I wanted to retire and travel, so being a landlord was getting untenable. Flock was a way to maintain our cash flow and get rid of the headaches.

John & Regina W.

“

We get the passive income. We get the check without having to do anything.

Katie & Mark J.

“

Flock offered me a way to own a little piece of all their properties, be more diversified, and not have all eggs in one basket. That was attractive to me, and I still get quarterly cash flow.

Andy B.

“

Flock Homes has been an incredible gift to me and to two of my family members, who had been helping me manage two properties.

Bob B.

“

Just knowing that I have more time, that I don't have to deal with the resident process or the yard work— and still, our income has been consistent with Flock's quarterly distributions.

Jeremy H.

“

It's a way to get back your time and not have to baby sit them anymore. There's a good rate of return, in this, you can't really lose it. It'll always be an asset.

Randy M.

“

I'm reaching an emotional end to being an active property manager. Flock made a lot of sense.

Jack & Vicki S.

“

I didn't want to pay capital gains and I no longer have to worry about owning.

Mark S.

“

We have been landlords and businesspeople for a long time. We wanted to retire from that. We wanted to hand over our properties and still hold value.

Wayne & Vickie L.

“

After trading in my rental property about 8 months ago, everything is working as advertised.

Robert W.

Performance Disclaimer: In considering the target performance information contained herein, prospective investors should bear in mind that past or targeted performance is not a guarantee, projection or prediction and is not necessarily indicative of future results. There can be no assurance that the Fund will achieve comparable results, that targeted returns will be met or that the Fund will be able to implement its investment strategy and investment approach or achieve its investment objectives. Actual gross and net returns for the Fund may vary significantly from the targeted returns set forth herein. Disclaimer: All content presented here is purely informational. It is not personalized investment advice, nor should it be construed as financial, legal, or tax advice. It is intended for information gathering only. The information presented here is not an offer to buy or sell securities or a solicitation of any offer to buy or sell securities. A professional financial advisor, attorney, and/or tax professional should be consulted regarding your specific financial, legal, and/or tax situation. Please also note that certain visuals and metrics included on this site have been calculated and are only up to date as of September 4, 2025.