RESIDENTS. ASSOCIATES. PARTNERS.
WELCOME TO OUR HOUSE OF HOMES
GY Properties is a private real estate investment, development and management company.
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Two generations of real estate excellence
Our team has developed expertise in the Northeast US residential real estate market, with over 60 years of collective experience and proven excellence.
Our expertise includes acquisition, development, construction, renovation, property management and disposition of multifamily residential properties.

Development in a stable and reliable market
Our extensive business relations in the Northeast
US market with real estate brokers, general contractors and financial institutions, as well as long-term relations with leading decision-makers, set the groundwork for diverse and robust investment opportunities.

Transparent, reliable, all in-house operations
Headquartered in Philadelphia, we treat every investment with a disciplined approach and are dedicated to generating risk-adjusted returns, steady cash-on-cash distributions and providing accurate information about our assets.

Plan and prepare for tomorrow.
Don’t forget the past
Our investment methodology and debt policy are based on our vast experience and the lessons of
the COVID-19 pandemic and the 2008 subprime mortgage crisis.
While our risk management program is prepared to overcome the next real estate crisis and maintain a strong position, we will respond swiftly to market trends.
VISION
Creating homes and growing communities, GY Properties generates value and wellness opportunities in the lives of our residents and investors by cultivating positive changes at every location, enhancing neighborhoods, and improving communities in innovative ways
MISSION
GY Properties creates homes and communities by focusing on location, wellness, and innovation for our residents and investors.
COMPETITIVE ADVANTAGE
All American, in-house operation with no Intermediaries
Lean and effective structure and operations
FOCUS
Geographic focus – stable and reliable locations.
Asset class focus – residential properties only.
Winning team
Our collective experience and proven track record are leveraged by our energy,
motivation, and determination.
Responsible and trustworthy
Anyone can do well in good times, but we can be counted upon in the hard times as well.
Our Disciplined
Investment Process
We call it “The Real Estate Trust Cycle.” We carry out each and every
step in-house, with no middlemen.
Connections with local
and national commercial brokers – access to the best Investment Opportunities
Due Diligence & Analysis
Conservative & simple Business Plan
Making informed & calculated Go/No Go Decisions
Frequent on-site Supervision and Reports
Professional property management, Maximize NOI
Effective Renovation and Rebranding
Secured Acquisition,
efficient Tax Structure
Market & Property Risk-Adjusted Financing
Co-invest options
Timely Exist
GEOGRAPHIC FOCUS

OUR FUNDS
Gelfund Real Estate Opportunities is a group of residential private equity funds. Gelfund 1 was launched on August 15, 2018. The first fund raised USD 28 million of capital commitments and acquired 4 multifamily properties valued at over USD 80 million. Gelfund 2 was launched on September 17, 2020. The second fund raised USD 76 million of capital commitments and acquired 8 multifamily properties valued at over USD 193 million. Gelfund Real Estate Opportunities 3 was launched on January 1, 2025. The third fund aims to raise USD 300 million of capital commitments by the final closing. Our partners include leading Israeli financial institutions, family offices and high net-worth individuals. Our funds invest in income-yielding residential properties, focused geographically in the Northeast US residential market. Headquartered in Philadelphia, we are always hands-on and on-site, with no intermediaries. Based on our substantial track record, along with our expertise and disciplined approach, our funds’ intention is to generate high, risk-adjusted returns for our partners.
TIMELINE
2025
Gelfund RE Opportunities 3
2021 - 2023
Breaking ground of 7 apartment buildings
totaling 700+ units
2020-2021
COVID-19 crisis
2020
Gelfund RE Opportunities 2
2019
Poplar 462 apartment unit development
2007-2018
Conversions of old, vacant industrial buildings
to apartment buildings
2018
Gelfund RE Opportunities 1 residential
private equity fund
Strategic focus on apartment buildings only
2007-2009
Great Recession Subprime mortgage crisis
2000-2009
Ground up development of
high-rise condominium buildings
2000
Waterfront square 484 condominium development
1997
First major multifamily acquisition with value-add strategy
1995
First project with LP’s investors
1990 - 1998
Conversions of apartment unit properties
to condominium
1990
First acquisition
1980s & 1990s
Savings and loan crisis
1988
First time in Philadelphia