Companies · Construction

Union Club Apartment Partners, LLC

CARMEL · Construction

Diligence memoA one-page analyst read on Union Club Apartment Partners, LLC — recommendation, valuation, rhythm, risks.
$20.6M
Total raised · real
1
Rounds
1.0×
Latest step-up
Top 8%
Sector rank · raised
Series B
Latest stage · inferred · Fri Jun 09 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Union Club Apartment Partners, LLC looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the construction 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 0.97× the median modeled value of Series B Construction companies in 2022–2024 (14 peers) — value vs value, same stage and era.
  • Within the normal band (97% of peer median) for its niche.
Dormant
  • Last raise 3.1 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.

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

Issuer-vehicle patternmedium confidence

Union Club Apartment Partners, 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
3.1 yr record
Peak capital year was 2023 with $41.3M across 2 filings.
Market position
ahead of 93% of Construction peers
Capital scale is ahead of 93% of Construction peers; modeled value is above 94% 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Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.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: $41.3M across 2 filings.
  • Largest single filing was $20.6M on 2023-06-09.
  • Filing rows sum to $41.3M, while canonical raised total is $20.6M; 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 Construction

Union Club Apartment Partners, LLC is one of 1337 Construction companies tracked from CARMEL. By capital raised it ranks among the largest (ahead of 93% of sector peers), and among the largest 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
Rule 506(b)
Reg D exemption
228
Investors (latest)
2023
Year incorporated
2023-06-09
First sale
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$50M$100M$150M$200MSeries B · 2023-06-09 Raised $21M (real) Modeled valuation $105M (est)$21M$105MSeries B2023Series B · 2023-06-09 Raised $21M (real) Modeled valuation $105M (est)$21M$105MSeries B2023+$21MCumulative $41M

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 B$20.6M · 2023
Series B extension$20.6M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$104.6M
Base estimate est.
$51.6M
Conservative case
$229.4M
Upside case
$114.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the construction sector profile. Directional, not a quoted figure.

Series B · modeled $104.6M · 2023-06-092023Series B · modeled $104.6M · 2023-06-092023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.10×/yr
Annual markup
1.33×/yr upside case
3.1 yr
Elapsed time used
3.1 yr actual, capped for stale marks
construction
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
3.1 yr
On record since
2023
First round
2
Rounds on file
How it compares to the market

Benchmarked against 1337 companies in Construction. 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) 8.6× above median
This company$20.6M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.9× of median
This company$20.6M
Sector median$22.6M
Modeled value — vs sector median (estimate, all stages) 11× above median
This company$104.6M
Sector median$9.9M

Raised more than 93% of sector peers (real $). Modeled value above 94% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) 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 #9 of 14.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)Cardinal Winchester Holdings, L.P. · Series B Raised $65.1M · modeled $221.5M (est)Mount Bay, LLC · Series B Raised $35.0M · modeled $170.1M (est)Pengyou Partners One LLC · Series B Raised $33.0M · modeled $154.3M (est)Thunderbird CC Land Partners, LLC · Series B Raised $24.9M · modeled $138.4M (est)Traffic Marking Service, Inc. · Series B Raised $26.0M · modeled $136.4M (est)Blue Ridge Repair Aggregator, LLC · Series B Raised $22.6M · modeled $110.8M (est)David Southworth Balsam, LP · Series B Raised $20.0M · modeled $108.6M (est)250 College Avenue Sponsor LLC · Series B Raised $22.0M · modeled $106.6M (est)Maui Business Park, LLC · Series B Raised $21.5M · modeled $103.2M (est)Raven Resources Corp/Tx · Series B Raised $17.1M · modeled $89.2M (est)Southland Holdings, Inc. · Series B Raised $20.0M · modeled $87.3M (est)Union Club Apartment Partners, LLC (this company) Raised $20.6M · modeled $104.6M (est)Union Club Apartment Partners, LLC
CompanyStageRaised · realValue · estvs peer med.
Cardinal Winchester Holdings, L.P.Series B$65.1M$221.5M2.06×
Mount Bay, LLCSeries B$35.0M$170.1M1.58×
Pengyou Partners One LLCSeries B$33.0M$154.3M1.43×
Thunderbird CC Land Partners, LLCSeries B$24.9M$138.4M1.29×
Traffic Marking Service, Inc.Series B$26.0M$136.4M1.27×
Blue Ridge Repair Aggregator, LLCSeries B$22.6M$110.8M1.03×
David Southworth Balsam, LPSeries B$20.0M$108.6M1.01×
250 College Avenue Sponsor LLCSeries B$22.0M$106.6M0.99×
Union Club Apartment Partners, LLC this companySeries B$20.6M$104.6M0.97×
Maui Business Park, LLCSeries B$21.5M$103.2M0.96×
Raven Resources Corp/TxSeries B$17.1M$89.2M0.83×
Southland Holdings, Inc.Series B$20.0M$87.3M0.81×
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 B$20.6M2023-06-09$114.7M$104.6M90%
Series B$20.6M2023-06-09$114.7M$104.6M90%
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 B$20.6M2023-06-09
    • First recorded raise — entered as Series B.
    • 228 investors on this round.
  2. Series B$20.6M2023-06-09
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 228 investors on this round.
Intelligence
Modeled next raise
$20.6M
Modeled next size est.range $20.6M$33.0M
1.0×
Last step-up
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
Michael Jones31 other2023-06
JONATHAN GOODBURN3 other2023-06
MICHAEL GARVEY3 other2023-06
Registry & provenance

Union Club Apartment Partners, 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
1980028
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
Thunderbird CC Land Partners, LLCConstructionSeries B$24.9M$138.4Mnetwork3 shared operators · same sector · same stage
Seventy Connect Partners III, LLCConstructionSeries B$28.2M$164.1Mnetwork3 shared operators · same sector · same stage
Franklin Flats Apartment Partners, LLCConstructionSeries A$10.1M$46.0Mnetwork3 shared operators · same sector
CSM Blue Mountain NCE LLCConstructionSeries B$20.8M$88.7Msame sector · same stage
Graham Income TrustConstructionSeries B$21.1M$90.6Msame sector · same stage
Barrier Homes IncConstructionSeries B$20.0M$134.4Msame sector · same stage
Concrete Partners Holding, LLCConstructionSeries B$20.0M$80.8Msame sector · same stage
David Southworth Balsam, LPConstructionSeries B$20.0M$108.6Msame 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
Franklin Flats Apartment Partners, LLCConstructionSeries A$46.0M86%
Construction Partners, Inc.ConstructionSeries D+$1.7B83%
Concrete Partners Holding, LLCConstructionSeries B$80.8M82%
Fremont Woodland Apartments, LLCConstructionPre-Seed$8.3M81%
4Th Street Apartments LlcConstructionPre-Seed$6.5M80%
Rb Residential, Inc.ConstructionSeed$5.6M80%
J23 Apartments, LLCConstructionSeed$7.6M79%
Lafayette Acquisition Partners, LLCConstructionSeries A$26.5M79%
Frequently asked
How much funding has Union Club Apartment Partners, LLC raised?
Union Club Apartment Partners, LLC has raised approximately $20.6M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Union Club Apartment Partners, LLC's estimated valuation?
Provath's modeled valuation for Union Club Apartment Partners, LLC is approximately $104.6M (modeled range $51.6M–$229.4M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Union Club Apartment Partners, LLC at?
Union Club Apartment Partners, LLC's latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Jun 09.
What does Union Club Apartment Partners, LLC do and where is it based?
Union Club Apartment Partners, LLC operates in the Construction sector, based in CARMEL.
Explore related

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