1ROPF
1ROPF (First Real Estate Open-Ended Mutual Fund) is a company that is financed by the First Real Estate Open-Ended Mutual Fund.
We are a residential real estate investment fund that offers investors stable returns through the financing and execution of well-prepared projects. We invest capital in opportunities where we can actively manage risk, oversee progress, and create real value — whether through our own development or by providing capital solutions for other developers.
We focus on projects that have clear demand, meet the financial capabilities of end buyers, and contribute to the development of the locations in which they are created.
What we do
How we invest
Prague in first place
Each location must have transport accessibility and demand from end users – not speculative investors.
Tiered risk management
In stages: land → permit → construction → sales/occupancy.
Disciplined budget
The specs they sell don't inflate the budget.
Clear exit
Availability and bankability determine the composition of units — not the architect's ego.
What we don't do
Our investment discipline is simple: no unmanaged risk.
We do not engage in speculative land purchases that do not have a clear plan or realistic path to permitting and construction.
We don't bet on interest rate developments or expect the market to “turn out somehow.” Projects must make sense in any cycle.
We don't sell dreams based on inflated investor bubbles - we base the value of a project on the market, not on impressions.
We don't create contracts that we can't control and enforce. We set everything up so that rights and obligations are clear and fair for all parties.
Risks & Investment Management
We work with fixed limits: conservative LTV, minimum pre-sales, and for completed assets, we check the ability to repay from stabilized revenues. We also pay attention to diversification — no project or city district may dominate the portfolio.
Investments are subject to independent oversight, external valuation, audit and managed custody. We report quarterly, clearly and with explanations of deviations, not just formal numbers.
We support meaningful ESG — energy savings and upgrades that reduce operating costs and expand the buyer base.