AppFolio Competitors & Pricing | Compare Investment Management Tools

What Covercy's GP Customers Are Saying

Covercy customers report that the Covercy investment management platform is remarkably easy to use for both GPs and their investors
GPs love how easy it is for their LPs to log into the investor portal and access the most important information about their holdings in just a few clicks
When it comes to paying quarterly distributions and collecting capital contributions, GPs are impressed by the high transaction limits per entity within the Covercy platform, especially when compared to constrictive limits within other similar investment management platforms on the market
Covercy GPs appreciate the heightened security associated with Covercy's banking tools; specifically, that funds across entities are never pooled or commingled and each separate cash account is FDIC-insured up to $250K

AppFolio and Covercy are both popular investment management software platforms for commercial real estate. Both platforms offer a wide range of features, including:

• Asset tracking & performance management
• Investor relations & communication
• Capital raising, deal pages & deal flow management
• Accounting & cash flow reporting
• Compliance & security

However, there are some key differences between the two platforms.

AppFolio Investment Management offers a wide range of features and integrations, including the common integration with its own sister platform, AppFolio Property Manager. Many firms find it useful to manage both their investments and their properties in-house.

Covercy is a more focused solution, with a strong emphasis on capital raising and investor relations. Covercy offers a variety of features to help companies raise capital from investors, such as investor portals, distribution waterfalls, and investor reporting. Covercy also offers a variety of features to help companies manage their investor relationships, such as investor communication tools and event management tools.

Covercy's integrated CRE banking functionality allows GPs to open and manage bank accounts, track bank activity, and make payments directly from the Covercy platform. This can save GPs a significant amount of time and effort, as they no longer need to switch between different systems to manage their banking needs.

High-yield cash accounts: Covercy partners with Choice Financial to offer GPs high-yield cash accounts on all uninvested capital. This can help GPs to earn revenue off committed capital, even when it is not invested in assets.

Instant distribution payments: Covercy allows GPs to make instant distribution payments to investors via ACH debit. This can help GPs to streamline their financial operations and improve their investor relations.

Instant capital call collections: Covercy allows GPs to collect capital calls from investors instantly via ACH debit. This can help GPs to raise capital quickly and efficiently.

AppFolio Investment Manager is a subscription-based service, with pricing that varies depending on the number of assets and investors that a company manages. Covercy offers a freemium pricing model, with a free plan for companies with up to 3 assets and a paid plan for companies with more than 3 assets, funds, or other more complex needs.

AppFolio Competitors: Other Investment Management Market Leaders

Many real estate investment firms are leveraging different types of software to power and grow their firms. While investor satisfaction is often the top priority, automating back-office tasks and streamlining fund administration are also critical consideration factors for firms evaluating SaaS products.

AppFolio is often thought of as one of the market leaders in the investment management space. While it is thought to be a highly customizable and powerful solution, it can be too costly for firms just getting started. Make sure you evaluate all solutions and take advantage of free trials where available before making a long-term commitment to any software partner.

InvestNext: A great all-around tool, comparable to both Juniper Square and Covercy, with automation features and affordability
SyndicationPro: An affordable and user-friendly option, but a little light on the functionality compared to some of its peers
Covercy: The only option on this list that fully integrates banking & payments, allowing GPs to instantly transfer money to LPs and LPs to instantly invest with a click; also offers a free version of the tool for the first 3 assets
Juniper Square is often thought of as the market leader in the investment management space. While Juniper Square is highly customizable and powerful, it often comes with a higher price tag to match.
Agora: The first real estate investment management tool to use blockchain technology, which provides a number of benefits, including increased security, transparency, and efficiency
Fund administration outsourcing: If learning and adopting new software isn't possible for a GP or deal sponsor, some larger real estate firms simply outsource investor communications and investor management to a third-party fund administrator

Meet Covercy, the fastest-growing investment management platform in commercial real estate.

Covercy is one of the fastest-growing investment management platforms on the market today. Only with Covercy can GPs instantly open bank accounts, hold committed capital in high-yield checking accounts, make seamless ACH payment transfers to (and from) LPs, and trace every cent with automated reporting.

No third-party fund administration needed. No more NACHA files or manual, error-prone spreadsheets. Get everything you need to keep your investors happy — all in one tool, all with Covercy. Request a demo today.