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Cityfunds: Fractional real estate platform

City-specific home equity funds from Nada. Shares in pools of owner-occupied homes in Austin, Miami, Tampa and more from $500.

Profile checked October 24, 2026

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Properties
Listed value
Funded
Median yield
30-day change
Share of index

What it costs

To buy
1% acquisition fee on homes a series buys, 5% to 7% purchase fee on each home equity agreementPaid by the series to the manager out of offering proceeds rather than deducted from your subscription. New investment into Cityfunds has been paused since February 2025.
Each year
1.5% a year of each series' value, charged quarterlyPlus a $10 a month technology licence fee per home or home equity agreement the series owns.
To sell
1% broker-dealer fee on a secondary tradeThere is no redemption programme. The circular says one may be set up later.

Source: offering circular on SEC EDGAR, checked October 24, 2026.

How you exit

Mechanism
A secondary trading platform on the PPEX alternative trading system, opened in 2025 for six city funds. No redemption plan
Lock-up
Not published
How often
Orders can be placed any time and execute only when a buyer and seller match, net asset values are updated quarterly
Guaranteed
No. Trades happen only on a match and can clear at any price regardless of the fund's net asset value

Source: Homeshares secondary trading notice, checked October 24, 2026.

What you own

Structure
Membership interests in a city series of Cityfunds I, LLC, a Delaware series LLC, under Regulation A Tier 2. Since May 2025 each series holds partnership interests in a nationwide home equity fund rather than the agreements directlyExplained on Regulation A+ shares of a property LLC, with every platform that uses it.
Regulator
US SEC, Regulation A Tier 2, secondary trading on the SEC-registered PPEX alternative trading system

Source: offering circular on SEC EDGAR, checked October 24, 2026.

Compare every platform on fees and how you get your money out, or put Cityfunds's rates on your own number in the fee calculator.

About

Cityfunds is the investment product of Nada Holdings, a Dallas fintech founded in 2019. Each Cityfund holds equity stakes in owner-occupied homes across a single metro (Austin, Dallas, Miami, Tampa, Houston, Denver and others), acquired through home equity agreements, so investors get exposure to a city's home prices without buying or managing a house. Retail funds open at $500 under Regulation A, and the Select and Yield funds are limited to accredited investors. Nada reports fund NAV monthly and has announced secondary trading for fund shares.

Property types

  • Home equity funds

What you get

  • Diversified city home-equity pools
  • Home equity agreements, not mortgages
  • SEC Regulation A qualified
  • Secondary trading for shares

properties from Cityfunds

Open the marketplace

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