Asset Manager

Updated:

Clever Real Estate

We match you with top agents nationwide and help you save. Sellers get full service for just a 1.5% listing fee. Buyers can get cash back after closing.

Clever Real Estate logo

Clever Real Estate

We match you with top agents nationwide and help you save. Sellers get full service for just a 1.5% listing fee. Buyers can get cash back after closing.

General information

Firm type

Asset Manager

Year founded

2017

Location

Region

North America

Country

United States

City

St. Louis

Corporate office

4625 Lindell Blvd, 2nd FL, St Louis, MO 63108, United States

Principals

Luke Babich

CEO

Ben Mizes

Founder

Jake Cardenas

Product Manager, Partner Experience

Tony Chahal

President, Closings

Tim Gaasch

VP of Partner Success

Tommy O'Shaughnessy

VP of Consumer Marketing

Trent Seigfried

Head of Data

Drake Shadwell

Manager, Clever Offers

Sector focus

PropTechFinTech

Frequently asked questions

Who runs investment decisions at Clever Real Estate?

Clever does not operate as an investment manager or family office — it is a real estate marketplace and technology company. Strategic and product decisions are led by CEO Luke Babich and the executive team, which includes leaders for consumer marketing, partner success, title and escrow, and data. Co-founder Ben Mizes remains involved as Founder.

How does Clever source proprietary deal flow, and is it available to co-investors?

Clever's deal flow is not an investable asset class. The company generates transaction volume by marketing directly to home sellers and buyers through its website, content library, and concierge outreach — then routes those consumers to its network of 18,000+ pre-vetted real estate agents. It does not offer co-investment opportunities.

Is Clever structured as a single family office or does it operate more like a venture-backed startup?

Clever is a venture-backed real estate technology company, not a family office. Founded in 2017, its business model relies on matching consumers with agents at discounted commission rates, with revenue coming from agent referral fees. It maintains a corporate headquarters in St. Louis.

Does Clever participate in fund commitments or direct real estate deals?

Clever itself does not make fund commitments or acquire real estate directly. Its Clever Offers arm facilitates cash transactions by connecting sellers with institutional buyers, but Clever acts as an intermediary rather than a principal. The company carries no inventory or balance-sheet risk on homes.

What investment stages does Clever Real Estate typically target?

Clever is not an investment firm. It targets the consumer real estate transaction itself — primarily mid-market residential resales — by negotiating lower listing fees for sellers and cash-back rebates for buyers. The company earns a fee when a matched agent closes a deal.

Which sectors does Clever explicitly avoid?

Clever does not manage third-party capital or operate in commercial real estate, private credit, or large-scale multifamily acquisitions. Its focus remains on the residential brokerage referral market and consumer cash-offer facilitation, leaving institutional investing and property management to external partners.

Does Clever maintain philanthropic structures, and how are they separated from the commercial business?

There is no public disclosure of a Clever-affiliated philanthropic foundation. The company operates as a for-profit marketplace; any charitable activity by founders or executives would be personal rather than through a disclosed entity tied to the firm.

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