Declaration Partners

About Declaration Partners

Declaration Partners is a real estate operator headquartered in New York, NY. Declaration Partners operates in Boston, Massachusetts, Charleston, South Carolina and Charlotte, North Carolina. Its investment focus is on Affordable Housing, Industrial and Life Science.

Declaration Partners is a private investment firm founded in 2017 and headquartered in New York, anchored by the family office of private equity veteran and philanthropist David M. Rubenstein. The company manages approximately $2.2 billion in assets across its multi-strategy platform, which includes tactical growth equity, platform companies, and its specialized real estate arm, Declaration Partners Real Estate (DPRE). Led by co-founder and head of real estate Todd Rich, the platform combines the flexibility and long-term perspective of a family office with institutional private equity capabilities. DPRE focuses on institutional-quality multifamily and industrial real estate, alongside preferred equity, joint venture equity, property co-investments, and recapitalization transactions. To address market demand during higher-interest-rate environments, the platform has also established programmatic ventures—such as partnerships with major operators like Cortland—to provide structured preferred equity and multifamily "gap capital" for overleveraged or refinancing-constrained properties. Typically targeting transaction sizes between $5 million and $35 million, DPRE partners with experienced real estate operators and developers to support acquisitions, developments, and portfolio growth. Its investments span major U.S. markets across the Sunbelt, Northeast, and Mid-Atlantic regions, including key states like Florida, Texas, New York, Georgia, and Pennsylvania.

Principals at Declaration Partners