Covercy Reviews & Ratings 2024

Q: What are Covercy's top competitors?

Juniper Square , RealPage Investment Management , and AppFolio Investment Manager are common alternatives for Covercy.

Starting at $238 per month

Overview

What is Covercy?

Covercy is a Banking-Embedded Investment Management Platform built for commercial real estate investment firms. It offers automated distribution & capital call payment processing, an Investor Portal, and APY yielding checking accounts.

Recent Reviews

Simple and powerful investor communications.

9 out of 10

March 25, 2024

Incentivized

Covercy allows us to have one platform that address all our company's investor relations needs: reporting, issuance of quarterly …

Recent Covercy user

8 out of 10

March 12, 2024

Incentivized

Covercy was used to make international money deposits from Israel to other western countries, including the UK, France, Germany, and the …

Covercy is an excellent all in one platform for investment management

10 out of 10

February 27, 2024

Incentivized

Covercy has helped our team in facilitating ditributions to property owners and investors. With this, we were able to streamline our …

First time real estate project with Covercy

10 out of 10

February 27, 2024

Incentivized

Covercy has been instrumental in streamlining our organization's real estate investment management processes. By leveraging their robust …

Better your investing with Covercy!

9 out of 10

February 27, 2024

Incentivized

We use Covercy to manage our real estate investors, their reports and distributions. We found that other platforms were very expensive …

Covercy was exactly what we needed!

10 out of 10

February 27, 2024

Incentivized

Covercy has been an excellent investment management platform for us to streamline our investor relations and managing our distributions …

Covercy helped us simplify our process of sending distributions and made everything easier.

10 out of 10

February 27, 2024

Incentivized

We are a property management company. We started using Covercy last year. They have helped us every step along the way. Setting up …

Covercy is a great investor management portal.

10 out of 10

February 27, 2024

Incentivized

I use Covercy for my investment management of the real estate assets that I manage. We manage multifamily and manufactured housing …

Everything in one system

8 out of 10

February 27, 2024

Incentivized

I use Covercy for payouts to investors for in-total 4 entities and checking previous payouts. directly retrieving statements from the …

Covercy is very easy, convenient, and not expensive

10 out of 10

February 27, 2024

Incentivized

I am working with real estate investors, and I found that transferring money with Covercy is very easy, convenient, and not expensive. So …

Covercy is a great tool for GP / LP investor syndication management

9 out of 10

February 27, 2024

Incentivized

Easy and powerful investor management & banking solutions for real estate firms

10 out of 10

June 08, 2022

Incentivized

I first started using Covercy as I was wasting too much time on back office / admin work for my fund, and wanted to focus more on doing …

Covercy for Private Real Estate Investor Funds

10 out of 10

May 30, 2022

Incentivized

We use Covercy as an investor portal for our private real estate fund investors. It allows them to see their personal investment in our …

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Reviewer Pros & Cons

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Integration of a banking with the platform
The user interface is very good, but it is not completely intuitive.

Bruce Stern

Managing Partner

Red River Asset Management, LLC (Real Estate, 1-10 employees)

Covercy showed how much the same transaction would cost on other applications
Covercy required a lot of documentation uploading to get started and it was confusing

Verified User

Manager in Research & Development

Hospital & Health Care Company, 51-200 employees

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Pricing

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Entry-level set up fee?

No setup fee

For the latest information on pricing, visithttps://www.covercy.com/pricing

Offerings

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services

Starting price (does not include set up fee)

$238 per month

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Product Details

About
Competitors
Tech Details
FAQs

What is Covercy?

Covercy is a Real Estate Syndication Management Software where banking meets investment management, for commercial real estate investment firms. It offers automated distribution and capital call payment processing, an Investor Portal, and APY yielding checking accounts.

Covercy is a banking-embedded investment management platform designed for the CRE (Commercial Real Estate) space. This platform is at the intersection of investment management and financial services. Covercy helps CRE investment firms with HNW (High Net Worth) investors grow their AUM (Assets Under Management). The Covercy SaaS platform manages real estate investment assets from fundraising to distribution of payments. The software tool streamlines investment management operations, automates fund distribution and empowers HNW and family office investors through a high-end investor portal. Covercy combines mission critical financial services with investor administration.

Managing payments can be a hassle for real estate GPs (General Partners). The Covercy Platform automates every step of the distribution process:

Calculates the distribution amount
Executes the payment (moves money securely)
Auto-notifies the investors
Auto-reconciles the distribution
Becomes a system of record

Covercy was founded as a foreign currency exchange business in 2015. The majority of the transactions were for commercial real estate. The vendor states that upon further investigation, there was a gap in the marketplace for investment management with embedded financial services, and so their Investment Management platform with its fully-functional investor portal was born.