DivCore Capital & ICONIQ Launch Sentral Strategic Partners as New Residential Platform

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SAN FRANCISCO--(BUSINESS WIRE)--Apr 1, 2026--

DivCore Capital today announced the launch of a new residential investment platform, Sentral Strategic Partners, alongside ICONIQ and Sentral that is designed to invest in Class A multifamily acquisitions and development across major U.S. markets. The platform brings together the firms shared focus on innovation and resident experience while leveraging DivCore’s disciplined real estate investment management expertise across major markets nationally, ICONIQ’s innovative approach to building real estate platforms, and Sentral’s hospitality-driven multifamily operating model. The platform expects to pursue approximately $2.5 B of multifamily investment opportunities over time, with sponsor co-investment alongside the platform on a deal-by-deal basis.

Sentral Strategic Partners will seek to pursue acquisition opportunities created by current market dislocation, including distressed and transitional assets, mixed-use assets with commercial space, and off-market recapitalizations of underperforming loans and assets. The platform will also selectively pursue investments in high-quality development projects through Co-GP relationships with multifamily developers. Both the ICONIQ and DivCore teams will source and oversee the investment management of new investments that Sentral will operate. By fully aligning capital, ownership and operations, the platform seeks to generate durable, execution-driven returns with a focus on differentiated yield and sustained value creation across market cycles.

As part of the partnership, DivCore has made a strategic investment in Sentral and Richie DeBeikes, DivcoWest’s Head of Residential Investments, has joined Sentral’s Board of Directors, strengthening governance and alignment. DivCore and ICONIQ will serve as Sentral’s long-term institutional capital partners by supporting the platform’s growth and governance as it scales. ICONIQ’s focus on building durable, aligned investment platforms underpins the partnership’s long-term orientation and emphasis on responsible growth across market cycles.

“We have worked with Sentral on several investments and have expanded our relationship based on proven results,” said Stuart Shiff, CEO of DivcoWest, DivCore Capital’s equity platform. “This platform allows us to vertically integrate our growing multifamily business by combining institutional capital with a fully aligned multifamily operating platform in a way that we believe is meaningfully differentiated. By investing at both the asset and platform level alongside ICONIQ and Sentral, we are creating a structure designed to deliver compelling risk-adjusted returns in an attractive sector during a time of market dislocation.”

“ICONIQ looks for partnerships where innovation, operating excellence and alignment are central to value creation,” said Jeff Felder, Head of Real Estate Investments at ICONIQ. “DivCore and Sentral bring complementary investment and operating capabilities that, together with our experience investing in sectors and companies with high growth potential, create a platform well positioned to capitalize on today’s multifamily opportunities and perform across cycles.”

Sentral, which was launched five years ago with ICONIQ as its sponsor, will leverage its national footprint managing institutional multifamily properties in major markets to serve as the operating partner for properties acquired or developed by the platform. Sentral’s hospitality-inspired, full-service model — supported by proprietary technology, furnished units and flexible living solutions — positions the platform to drive operational alpha and enhanced resident experience.

“This partnership marks an important step in Sentral’s evolution as an operator and positions Sentral to offer capital where needed to execute its full-service business plan,” said Roman Speron, CEO of Sentral. “Operating alongside DivCore and ICONIQ ensures full alignment around long-term asset performance. We have consistently proven that our platform can unlock meaningful value, particularly in highly competitive Class A markets where service differentiation and flexibility for residents matters most.”

Together, DivCore, ICONIQ and Sentral believe the platform represents a new institutional standard for multifamily investing and operating — one that capitalizes on upside from proven global demand for high-touch living and travel that is unique within the current multifamily marketplace.

About DivCore Capital

DivCore Capital is a national real estate investment platform and the parent company of DivcoWest and LoanCore Capital, unifying complementary equity and credit investment capabilities. With approximately $32 billion in combined assets under management, the platform invests across the real estate capital stack. DivcoWest focuses on creative equity investment strategies in innovation-driven U.S. markets, while LoanCore provides tailored real estate credit solutions. Together, the platform benefits from long-standing relationships with sponsors, borrowers, lenders, and institutional investors and draws on deep experience across asset classes and markets, with vertically integrated capabilities spanning sourcing, structuring, underwriting, asset management, and realization across the investment lifecycle. www.divcore.com

About ICONIQ

ICONIQ is a global investment firm elevated by an extraordinary community. With over $80B assets under management, we seek to build resilient investment portfolios, partner with inspired entrepreneurs transforming industries, manage our clients’ lives and legacies, and create uncommon opportunities across sectors and society.

About Sentral

Sentral is the leading Class-A multifamily property management company, driving significant revenue gains through differentiated operating capabilities, technology, and hospitality-inspired resident experience. The company manages more than $7 billion in multifamily assets for a growing roster of institutional owners across the United States. Sentral has been recognized by J Turner Research’s Elite ORA® Top 25, Multifamily Executive, and Skift IDEA Awards for innovation in property management and proptech. Follow @SentralLife or visit sentral.com.

Notice

This press release is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or investment interests. Any such offer or solicitation will be made solely through the applicable offering documents and in accordance with applicable securities laws.

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KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT

SOURCE: DivCore Capital

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PUB: 04/01/2026 01:30 PM/DISC: 04/01/2026 01:30 PM

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