Companies · Proptech / Real Estate

Dar-Con Properties II, LLC

CONROE · Proptech / Real Estate · refined from filed group “Other

Diligence memoA one-page analyst read on Dar-Con Properties II, LLC — recommendation, valuation, rhythm, risks.
$6.5M
Total raised · real
1
Rounds
1.0×
Latest step-up
Top 17%
Sector rank · raised
Series A
Latest stage · inferred · Wed Jul 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)

Dar-Con Properties II, LLC looks fair against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the proptech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 0.87× the median modeled value of Series A Proptech / Real Estate companies in 2022–2024 (21 peers) — value vs value, same stage and era.
  • Within the normal band (87% of peer median) for its niche.
Quiet
  • Last raise 23 mo ago; this sector typically re-raises about every 14 months.
  • Slightly overdue versus sector cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Dar-Con Properties II, LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
2.7 yr record
Peak capital year was 2023 with $6.5M across 1 filings.
Market position
ahead of 84% of Proptech / Real Estate peers
Capital scale is ahead of 84% of Proptech / Real Estate peers; modeled value is above 79% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2023: $6.5M across 1 filings.
  • Largest single filing was $6.5M on 2023-10-12.
  • Filing rows sum to $13.0M, while canonical raised total is $6.5M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Proptech / Real Estate

Dar-Con Properties II, LLC is one of 395 Proptech / Real Estate companies tracked from CONROE. By capital raised it ranks in the upper tier (ahead of 84% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
No revenue
Issuer revenue
Rule 506(c)
Reg D exemption
2023
Year incorporated
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MSeries A · 2023-10-12 Raised $6.5M (real) Modeled valuation $28M (est)$6.5M$28MSeries A2023Series A · 2024-07-31 Raised $6.5M (real) Modeled valuation $24M (est)$6.5M$24MSeries A2024+$6.5MCumulative $13M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$6.5M · 2023
Series A extension$6.5M · 2024

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 33%.

Modeled valuation trajectory
$23.6M
Base estimate est.
$8.5M
Conservative case
$50.2M
Upside case
$29.5M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Aa $4.0M–$15M round). Valuation is modeled from stage benchmarks scaled by the proptech sector profile. Directional, not a quoted figure.

Series A · modeled $28.1M · 2023-10-122023Series A · modeled $23.6M · 2024-07-312024
Model inputs · modeled:benchmark-stage-stepup-v1
22%
Dilution assumption
Implied ownership sold in the financing.
53%
Survival probability
29% low · 72% high
1.24×/yr
Annual markup
1.56×/yr upside case
1.9 yr
Elapsed time used
1.9 yr actual, capped for stale marks
proptech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
10 mo
Avg between rounds
$8.1M/yr
Capital velocity
2.7 yr
On record since
2023
First round
2
Rounds on file
How it compares to the market

Benchmarked against 395 companies in Proptech / Real Estate. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 2.3× above median
This company$6.5M
Sector median$2.8M
Latest round — vs other Series A rounds in sector (real $, this stage) 1.1× above median
This company$6.5M
Sector median$6.0M
Modeled value — vs sector median (estimate, all stages) 1.7× above median
This company$23.6M
Sector median$13.8M

Raised more than 84% of sector peers (real $). Modeled value above 79% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series A) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #16 of 21.

This companyCohort peer
$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Breezeway Homes, Inc. · Series A Raised $27.0M · modeled $80.4M (est)EcoSoul Home Inc. · Series A Raised $11.9M · modeled $47.7M (est)Byron Devon Lynch Iv Estate · Series A Raised $10.0M · modeled $45.3M (est)Legacy Living Green Township Real Estate, LLC · Series A Raised $9.7M · modeled $44.1M (est)Adaptive Real Estate, Inc. · Series A Raised $7.2M · modeled $43.3M (est)Defiance Senior Living Real Estate, Llc · Series A Raised $11.0M · modeled $41.6M (est)Moir Park Properties III LP · Series A Raised $10.1M · modeled $35.5M (est)Harvest Moon Property Investments LLC · Series A Raised $6.0M · modeled $33.1M (est)Kape Properties, LLC · Series A Raised $4.9M · modeled $30.2M (est)Jordan Apartments, LLC · Series A Raised $5.2M · modeled $29.9M (est)Olivet Housing, LLC · Series A Raised $21.5M · modeled $27.1M (est)Harrison Ross Funeral Home Inc · Series A Raised $7.5M · modeled $25.9M (est)Dar-Con Properties II, LLC (this company) Raised $6.5M · modeled $23.6M (est)Dar-Con Properties II, LLC
CompanyStageRaised · realValue · estvs peer med.
Breezeway Homes, Inc.Series A$27.0M$80.4M2.96×
EcoSoul Home Inc.Series A$11.9M$47.7M1.76×
Byron Devon Lynch Iv EstateSeries A$10.0M$45.3M1.67×
Legacy Living Green Township Real Estate, LLCSeries A$9.7M$44.1M1.63×
Adaptive Real Estate, Inc.Series A$7.2M$43.3M1.59×
Defiance Senior Living Real Estate, LlcSeries A$11.0M$41.6M1.53×
Moir Park Properties III LPSeries A$10.1M$35.5M1.31×
Harvest Moon Property Investments LLCSeries A$6.0M$33.1M1.22×
Kape Properties, LLCSeries A$4.9M$30.2M1.11×
Jordan Apartments, LLCSeries A$5.2M$29.9M1.10×
Olivet Housing, LLCSeries A$21.5M$27.1M1.00×
Harrison Ross Funeral Home IncSeries A$7.5M$25.9M0.96×
Dar-Con Properties II, LLC this companySeries A$6.5M$23.6M0.87×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$6.5M2023-10-12$29.5M$28.1M90%
Series A$6.5M2024-07-31$29.5M$23.6M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$6.5M2023-10-12
    • First recorded raise — entered as Series A.
  2. Series A$6.5M2024-07-31
    • Raised 10 mo later, in step with the ~14 mo sector norm.
    • Round roughly the size of the prior one.
Intelligence
2025 ~Q2
Modeled next raise · ~10mo cadence
$6.5M
Modeled next size est.range $6.5M$10.4M
1.0×
Last step-up
$8.1M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Darlene Conley2023-10
Steven Hostetler2023-10
Registry & provenance

Dar-Con Properties II, LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1997138
SEC CIK
2023
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Woodcrest Apartments I, LLCProptech / Real EstateSeries A$6.6M$24.4Msame sector · same stage
Mesa Residential Co LLCProptech / Real EstateSeries A$6.7M$1.0Msame sector · same stage
LifeLine Torch Home Run LLCProptech / Real EstateSeries A$6.2M$16.1Msame sector · same stage
Armadillo Home Solutions, Inc.Proptech / Real EstateSeries A$6.1M$844Ksame sector · same stage
Harvest Moon Property Investments LLCProptech / Real EstateSeries A$6.0M$33.1Msame sector · same stage
Atmos Inc.Proptech / Real EstateSeries A$6.0M$49.5Msame sector · same stage
Midgard Self Storage Roswell GA, LLCProptech / Real EstateSeries A$7.2M$63.3Msame sector · same stage
Adaptive Real Estate, Inc.Proptech / Real EstateSeries A$7.2M$43.3Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Real Income Properties Texas II LLCProptech / Real EstateSeries B$79.5M85%
Hanbury Properties, LLCProptech / Real EstateSeed$30.3M84%
Kape Properties, LLCProptech / Real EstateSeries A$30.2M83%
Mckenzie Canyon Properties LLCProptech / Real EstatePre-Seed$1.9M83%
Fusion Properties Management Group, Inc.Proptech / Real EstateSeries A$37.0M82%
Coventry Real Estate Group LLCProptech / Real EstateSeed$13.0M82%
Home EC Inc.Proptech / Real EstateSeries A$4.0M82%
Nuovo Properties LLCProptech / Real EstatePre-Seed$3.4M82%
Frequently asked
How much funding has Dar-Con Properties II, LLC raised?
Dar-Con Properties II, LLC has raised approximately $6.5M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Dar-Con Properties II, LLC's estimated valuation?
Provath's modeled valuation for Dar-Con Properties II, LLC is approximately $23.6M (modeled range $8.5M–$50.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Dar-Con Properties II, LLC at?
Dar-Con Properties II, LLC's latest modeled financing stage is Series A. Its most recent recorded round closed around Wed Jul 31.
What does Dar-Con Properties II, LLC do and where is it based?
Dar-Con Properties II, LLC operates in the Proptech / Real Estate sector, based in CONROE.
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