Three ways to allocate to Tbilisi.

Every allocation we structure fits one of three strategies, or a mix of them. The ticket sizes below are the shapes we work with most often. They are not minimums or limits.

The strategies

Income, value-add and development, each delivered the same way.

$1M
Tbilisi Income Portfolio

Five to seven stabilized residential properties, bought below comparable sales, leased and managed by us. Built for income and capital preservation with low involvement.

  • Target gross yield, set per portfolio against the 7.53% Tbilisi average (Global Property Guide, February 2026)
  • Target appreciation, benchmarked to Geostat district prices
  • Target occupancy, stated and reported against actual
  • Management: full investment management, 8% of collected rent
  • Renovation: light or none
  • Exit: unit-by-unit resale to private buyers, or portfolio sale
  • Risk analysis: currency, vacancy, liquidity, regulatory
$2.5M
Tbilisi Value-Add Portfolio

Acquire undervalued or unfinished apartments, renovate with our own crews, lease, stabilize, then refinance or sell. Return enhancement for investors who accept a renovation cycle.

  1. Acquire
  2. Renovate
  3. Lease
  4. Stabilize
  5. Refinance or sell
  • Entry: black-frame or dated stock below the district median
  • Renovation budget fixed per unit before purchase
  • Stabilization: leased at market rent, then held or sold
  • Published margins from our own quarterly data on the value-add page
$5M to $15M
Tbilisi Development Opportunity

Land through development to sales, with a share of units retained as rentals. Structured with a vetted developer and monitored by us, for investors with a longer horizon.

  1. Land
  2. Development
  3. Sales
  4. Rental retention

Every strategy is delivered the same way: an investment memo per opportunity, diligence with licensed partners, execution and management by Tbilisi Home, and reporting in the owner portal.

Constructing an allocation

How a $3M allocation might be structured. Illustrative; the split is set by your mandate.

"Based on what you've told me about your mandate, I wouldn't put the entire $3 million into one apartment or even one building. I'd probably structure the allocation across two or three strategies."

$0.0M
Stabilized income, five to seven leased apartments
$0M
Value-add: renovate, lease, stabilize
$0K
Opportunistic: development participation or a single mispriced asset

Income first, so the allocation is cash-flowing while the value-add cycle runs. The opportunistic slice is sized so that a delay there does not change the portfolio's return.

Which strategy fits which mandate

Match the strategy to what your mandate already says.

Your mandate saysWe would proposeInvolvement
Income, capital preservation, remote ownership"We want yield we can report every quarter."Income PortfolioLow. Monthly statements, quarterly report.
Return enhancement, tolerance for a renovation cycle"We can wait six to twelve months for stabilization."Value-Add PortfolioMedium. Renovation sign-offs, then the same as income.
Development returns, longer horizon, partner structures"We are comfortable with construction risk if it is monitored."Development OpportunityHigher. Milestone reporting, joint-venture governance.
Not sure yet"Tell us whether Georgia fits at all."A conversation, then the market reportThirty minutes.

Compensation

There is no buyer-side acquisition commission. On transactions where the seller or developer has a brokerage agreement with us, our commission is paid by them. Services outside the transaction, such as renovation management, property management, asset management, portfolio reporting, due diligence coordination and leasing, are agreed separately and in writing. Licensed legal, tax and technical partners bill their diligence work directly and transparently.

Disclaimer

Tbilisi Home is a real-estate brokerage and property-management company in Tbilisi, Georgia. It is not an investment adviser, fund manager or financial institution, and it does not pool, hold or manage client capital. Investors acquire assets in their own name or through their own structure, with independent legal and tax advice. Worked examples illustrate formats and mandate shapes, not current inventory. All figures are sourced as cited. Nothing on these pages is investment, legal or tax advice.

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