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    By Frank Rohde • May 6, 2026

    Press release: Ownify launches Colorado Fund

    Ownify Launches Colorado Home Fund and Welcomes Boulder-Based Tech Investor Keith Kegley to Advisory Board

    A co-investment thesis for Colorado Housing

    Homeownership Fund is designed to provide more affordable path to ownership for middle-income Coloradans. Veteran Microsoft executive and Social Venture Partners leader joins Ownify to help scale equity-based homeownership across Colorado's Front Range

    SAN FRANCISCO and DENVER - May 6, 2026 Ownify, the fractional homeownership platform rebuilding affordable housing access, today announced the launch of the Ownify Home Fund Colorado and the appointment of Keith Kegley - Boulder-based investor, Principal of Meridien Partners, and longtime Social Venture Partners leader - to the company's Advisory Board. Kegley will help guide Ownify's expansion into Colorado, where the new fund will co-invest in single-family starter homes alongside qualified first-time homebuyers across the Front Range.

    Colorado is the sixth least affordable state in the country, with a price-to-income ratio above 7x and a shortage of more than 106,000 housing units. 60% of Colorado renters cite an insufficient down payment as the primary barrier to ownership. The Ownify Home Fund Colorado is designed to address this crisis directly - not through subsidy, but through a structural innovation that aligns investor capital with homebuyer aspiration.

    The Ownify Home Fund Colorado will allow qualified homebuyers to buy their homes through a shared equity partnership rather than with mortgage debt. By partnering investors in the fund with homebuyers, Ownify’s fractional ownership structure reduces the down payment requirement to 2% and lowers monthly cost of ownership by 10-15% compared to mortgage-based options. For investors, the Fund targets a 10–14% equity return and a 4% debt return for accredited investors. The fund is built on a track record established by Ownify Home Fund 1, which has produced an average annualized return of 12% since 2023 across its portfolio of co-owned homes in Raleigh-Durham, Charlotte, and Nashville.

    "Keith has spent his career at the intersection of technology, capital, and community impact, and he understands Colorado from the inside out," said Frank Rohde, CEO and Founder of Ownify. "Launching the Ownify Home Fund Colorado is an important step in helping more first-time buyers squeezed out of the market, and Keith's voice on our Advisory Board - and on the ground in Boulder - gives us exactly the perspective we need. He sees what we see: that the affordability crisis along the Front Range is solvable if you align capital, technology, and community the right way."

    Kegley brings a rare combination of operating, investing, and philanthropic experience to Ownify. He spent 15 years at Microsoft in senior product and emerging-markets roles, served as Vice President of Alliances at XPRIZE, and is a 24-year Partner and Board Member at Social Venture Partners.

    "After more than two decades investing in Colorado-based social ventures, I've watched the Front Range housing crisis escalate from a problem into an emergency - and I've watched a lot of well-intentioned programs fail to move the needle," said Keith Kegley. "Ownify is the first model I've seen that's structurally built to scale: it doesn't rely on subsidies, it genuinely presents a better path for renters becoming owners, and it doesn't ask investors to take a haircut for the sake of impact. The co-investment structure removes the moral hazard that's plagued the down payment assistance model for decades, gives Colorado families a real path to building wealth, and keeps local capital working in local communities. I joined the Advisory Board to help bring this fund to the Front Range, and to make sure the next teacher, nurse, or first responder who wants to own a home in Colorado actually can."

    "Colorado has tried just about every flavor of down payment assistance, and I've evaluated most of them up close," said Kegley. "The honest assessment is that they help at the margin - they chip in on the down payment, but the buyer still walks into a full mortgage at today's rates and still carries all of the downside risk if the market turns. Ownify is the first program I've seen that lowers the upfront cost, lowers the monthly payment, and removes the risk of being underwater - all at the same time. That's a structural change, not an incremental one, and it's why I believe this fund will actually move the needle where past programs haven't."

    Through the Ownify model, qualified first-time buyers contribute as little as 2% to acquire a home alongside fund capital and then buy incremental equity through dollar-cost averaging to roughly 10% equity over five years. At the end of five years, customers transition to mortgage-based ownership at Fair Market Value, using the accumulated equity to lower their mortgage payments. Investors gain quarterly distributions, K-1 pass-through depreciation, and a pro-rata share of home price appreciation. Compared with a conventional mortgage, families purchasing through Ownify have saved approximately $29,000 on their down payment and approximately $392 per month in housing costs, while building roughly $17,000 in equity within the first two years.

    The Ownify Home Fund Colorado is open to accredited investors and accepts cash, IRA, self-directed 401(k), and Donor-Advised Fund (DAF) commitments. For more information, visit https://ownify.com/investors/colorado-home-fund.


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    Frequently Asked Questions

    What is the Ownify Home Fund Colorado?

    The Ownify Home Fund Colorado is a private real estate fund that co-invests with qualified first-time homebuyers to co-own single-family starter homes across Colorado's Front Range. The fund targets 200 homes priced between $300,000 and $1M, with a 10–14% equity return target and a 4% debt return target for accredited investors.

    Who is Keith Kegley and why did he join Ownify's Advisory Board?

    Keith Kegley is a Boulder-based investor, Principal of Meridien Partners, and a 24-year Partner at Social Venture Partners. He spent 15 years at Microsoft in senior product and emerging-markets roles and previously served as Vice President of Alliances at XPRIZE. He joined Ownify's Advisory Board to help guide the company's expansion into Colorado and contribute his expertise in scaling mission-driven ventures, technology investing, and impact philanthropy.

    Why is Ownify launching in Colorado now?

    Colorado is the sixth least affordable state in the country, short approximately 106,000 housing units, with a price-to-income ratio above 7x. More than half of Colorado renters spend over 30% of their income on housing, and 60% cite an insufficient down payment as the main barrier to ownership. A soft Front Range market through 2027 also creates an attractive entry point for fund capital.

    How does Ownify's model work for first-time homebuyers?

    Ownify pairs qualified first-time buyers with fund capital to make an all-cash offer on a home. The buyer contributes as little as 2% upfront, and the home is fractionalized into 10,000 "bricks." Over five years, the buyer dollar-cost averages to roughly 10% equity by purchasing bricks from investors, then refinances into a conventional mortgage at the end of the term to buy the rest at fair market value.

    How is Ownify different from traditional down payment assistance (DPA) programs?

    Traditional DPA programs typically provide a grant or deferred-payment second loan to cover part of a buyer's down payment. The buyer still takes out a full first mortgage at prevailing interest rates and carries 100% of the financial risk if the home loses value. Ownify's co-investment model is structurally different: fund investors and the homebuyer purchase the home together as co-owners, so the buyer's upfront contribution can be as low as 2%, the monthly cost is typically several hundred dollars below a comparable mortgage, and the buyer cannot end up underwater because they only own the share of the home they have actually paid for. In short, DPA programs reduce the down payment hurdle. Ownify reduces the down payment, the monthly cost, and the risk of negative equity at the same time.

    Why have down payment assistance programs alone not solved Colorado's affordability problem?

    Even with DPA, a typical Colorado first-time buyer still has to qualify for a full mortgage at today's rates on a home priced well above six times median income. DPA addresses one piece of the affordability stack - the down payment - but does not change the monthly payment, the total debt load, or the buyer's exposure to a market downturn. With more than 100,000 units of housing missing in Colorado and a price-to-income ratio above 7x, the affordability gap has become structural, and a growing number of investors, economists, and housing advisors have concluded that closing it requires a model that lowers all three barriers - upfront cost, monthly cost, and downside risk - simultaneously.

    Can Ownify be used alongside Colorado DPA programs?

    In many cases, yes. Ownify is designed to integrate with state and local resources where a buyer is eligible, including programs administered by the Colorado Housing and Finance Authority (CHFA) and metropolitan partners. For most qualifying buyers, Ownify replaces traditional DPA entirely with a more flexible co-investment. Ownify's homeownership advisors can also help layer in eligible assistance when the buyer refinances into a conventional mortgage at the end of the five-year term.

    What returns does the Ownify Home Fund Colorado target for investors?

    The fund offers two paths: an equity tranche targeting 10–14% annualized returns through quarterly distributions and net appreciation on home sales, and a debt tranche offering a 4% fixed annual return secured by first-lien collateral on every property. Both options are open to accredited investors and accept cash, IRA, self-directed 401(k), and Donor-Advised Fund (DAF) accounts.

    How does Ownify perform compared to traditional single-family rental investing?

    The Ownify model has produced six structural advantages versus traditional single-family rental investing: roughly 60% lower maintenance costs, zero missed payments and zero strategic defaults to date, approximately 5% below-market acquisition pricing, strong rental yields, and 6–8% saved on disposition costs because the home is sold to the resident rather than back into the market.

    What is the minimum investment in the Ownify Home Fund Colorado?

    The minimum investment is $100,000, and the fund is available only to accredited investors. The fund accepts contributions from cash, IRA, self-directed 401(k), and Donor-Advised Fund (DAF) accounts.

    Who manages the Ownify Home Fund Colorado?

    The fund is managed by Modern Capital Co, a Delaware corporation. Frank Rohde, CEO and Founder of Ownify, serves as President and CEO. Ben Herold, former COO of Divvy Homes and Portfolio Manager at PIMCO, serves as COO.

    Where can I learn more or invest?

    Investors can review the full thesis, financial model, and investor portal at https://ownify.com/investors/colorado-home-fund, or schedule an introductory conversation directly with Frank Rohde and Ben Herold.

    As an aspiring homebuyer, how do I apply?

    Aspiring homebuyers can apply a https://ownify.com and receive a full approval within 15-20 minutes. If the Ownify Home Fund Colorado is not the right fit, Ownify’s AI homebuying concierge will provide a personalized plan to get ready.

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    ## About Ownify

    Ownify is reimagining homeownership by creating a smarter, more accessible path for first-time buyers. Through a unique co-investment model, Ownify helps qualified customers purchase single-family homes with as little as 2% down while making strong cash offers in competitive markets. Instead of taking on heavy debt, buyers build equity gradually through fixed monthly payments that also cover taxes, insurance, and repairs, ensuring stability and peace of mind. With no risk of being "underwater" and the flexibility to buy out investors or exit at fair market value, Ownify provides a modern alternative to traditional mortgages — designed for today's professionals, entrepreneurs, and young families who want to own a home without the barriers of large upfront costs and overwhelming debt. Ownify currently operates in Colorado, North Carolina, and Tennessee.

    ## Media Contact

    Ownify, Inc.

    548 Market Street #25841, San Francisco, CA 94104

    415-549-1939

    https://ownify.com

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    *This document does not constitute a recommendation, an offer to sell, or a solicitation of an offer to purchase any securities. An offer to invest will be made only by means of the offering documents. The investment described herein is speculative and involves a high degree of risk. Targeted returns are forward-looking projections and are not guaranteed. Past performance is not indicative of future results.*