Sandstone partners with property management owners in the U.S. who are ready for their next chapter — whether that's a full exit, a growth partner, or a planned succession.
Property management is a $100B+ industry dominated by small, owner-operated firms. No single player holds meaningful market share.
Management contracts generate predictable, sticky cash flows with high retention rates. Revenue compounds as portfolios grow organically and through acquisition.
Most firms run on manual processes and outdated systems. Modern tools — from AI-driven maintenance triage to automated leasing — can meaningfully expand margins.
Nearly 15 years of commercial real estate investment experience across institutional platforms, with deep knowledge of landlord operations, labor dynamics, and asset value creation.
After years of investing in real estate at institutional scale, I saw the same pattern: the quality of property management was the single biggest driver of asset performance — and the industry serving that need was fragmented, under-invested, and ripe for consolidation.
Sandstone exists to acquire great PM firms, retain the people who built them, and give them the tools and capital to grow.
Third-party PM companies with $1M+ in revenue. If you're thinking about an exit or a partner, we'd like to talk.
M&A intermediaries, consultants, and industry advisors with property management deal flow in the U.S..