According to Realtor.com’s 2026 Housing Supply Gap Report, the United States is approximately 4.03 million homes short, with the shortage widening for the third consecutive year. Freddie Mac’s ongoing housing research also concludes that America remains structurally undersupplied by millions of homes, and that closing this gap will require years of sustained construction.
As builders increase production, they navigate higher material costs, labor shortages, land constraints, financing challenges, and regulatory hurdles that continue to slow new housing development. The National Association of Home Builders has identified these barriers as key reasons housing supply continues to lag demand.
Since each market has its own unique housing needs, long-term success comes from delivering the types of residential homes buyers are actively seeking.
Novacrest continues identifying underserved opportunities within residential housing and developing projects that align with local demand. Rather than forcing every opportunity into a single product type, the Residential Income Fund focuses on building residential projects that make sense for the communities we’re serving and the long-term fundamentals supporting those markets.
The housing market is made up of thousands of local markets, each driven by its own economic fundamentals. We focus on regions where the data supports population growth, employment expansion, and housing demand that consistently outpaces new supply.
Our criteria identifies markets with sustained inbound migration, driven by employment or lifestyle; job creation across multiple industries, rather than a single employer; a documented gap between housing demand and available inventory; and long-term growth characteristics that outlast short-term market cycles.
Every acquisition is evaluated through disciplined underwriting, and focuses on purchasing opportunities at or below 70% of estimated completed value. Each market is selected only when long-term demographic trends support the investment.
Because we build high-demand homes, in carefully-selected markets, with the discipline that long-term investing requires, we’ve created resilience when markets inevitably shift.
Novacrest co-founders, Kiani and Anwar Kharfan created the Residential Income Fund for investors who want their capital working in real residential assets, and they remain directly involved in every part of the business, from investor communication and operations to acquisitions, development, and asset management.
If you’d like to understand more on the Residential Income Fund and how we evaluate opportunities, you may schedule a conversation with our Investor Concierge today.
Novacrest Investment Group is a real asset investment platform built by two industry professionals who believe wealth belongs with those who build it. Co-founders Kiani and Anwar Kharfan are partners in business, and in life. As parents of three, the driving force behind this firm is to give investors access to the kind of opportunities that have historically been reserved for a small group.
Novacrest launched with real estate, because the fundamentals were strong and the opportunity clear, but the vision has always been larger than any single asset class. This is a platform built for the long term, across multiple funds, multiple markets, and eventually, for a much broader community of investors than the one it serves today.
Kiani and Anwar spent years watching the same pattern repeat itself. Hardworking professionals, who had built real careers, real savings, and real financial discipline, felt disconnected from the investments that were meant to create lasting wealth. The opportunities that actually moved the needle were difficult to access, difficult to understand, and were rarely explained in a way that respected the investor's intelligence.
They built Novacrest to change that—to create real asset investment vehicles that are structured well, managed with integrity, and communicated clearly, so that investors know exactly what they are in, why they are in it, and what to expect. This standard applies to every fund Novacrest brings to market, starting with real estate and expanding from there.
Kiani runs Novacrest—operations, fund management, investor experience, and strategic direction all flow through her. Before founding the firm, she spent years working alongside high-net-worth individuals, helping bring structure and clarity to investments that were underperforming or poorly managed. She learned, up close, how wealth compounds when capital is deployed into the right assets with the right oversight behind it.
At Novacrest, Kiani sets the standard for how the firm operates and what investors experience. She holds the team to what she calls the “Concierge Standard”: consistent, clear communication, a responsive team, and an investor experience that reflects the seriousness of the commitment investors are making. The goal is simple—every investor should feel supported, informed, and confident throughout the life of their investments.
Anwar co-founded Novacrest on a straightforward conviction: wealth should stay with the people who earn it, not migrate toward institutions and systems that were never built with those people in mind. He believes that access to real investment opportunities is something people deserve, and that most of the structures that limit that access were built by default, not by design.
Anwar takes relationships seriously, with investors, partners, and the communities the firm works in. As a giver by nature, he brings that same generosity to the firm: the kind of partner who shows up fully, keeps his commitments, and measures success by what the people around him are able to build.
People often ask what it is like to build a company as a married couple. Kiani and Anwar have found that the question answers itself in practice. She runs the firm. He anchors its values and relationships. There is no gap in coverage and no overlap in responsibility, just two professionals who have built a complete operating system out of genuinely complementary strengths.
When investors partner with Novacrest, they are partnering with founders who have their names, reputation, and family's future tied directly to every decision made.
Novacrest launched its Residential Income Fund first, because the opportunity was sound and the infrastructure was in place to execute it well. Real estate remains a core part of the platform, and the Residential Income Fund is actively deploying capital into markets with strong demographic fundamentals and durable housing demand.
The platform is expanding. With The Aviation Opportunities Fund in development, we are now bringing accredited investors access to an asset class with strong income potential and investment characteristics that most individuals have not yet had a vehicle to participate in. Additional funds will follow as the economics justify them and the operational foundation supports them.
Every fund Novacrest brings to market will be held to the same standard: it must be an investment the founders would put their own capital into, structured in a way that they could comfortably explain to every investor in the room.
We believe wealth belongs with the people who build it and that access to real investment opportunities should not depend on who you already know or how much you already have. We believe that the investors who trust us with their capital deserve a firm that operates with discipline, communicates with honesty, and takes the long view, on every fund, in every market cycle, without exception.
Novacrest serves accredited investors today. That is where the regulatory framework aligns at this stage of the firm's growth. With a conviction that has always pointed toward a future where the structures and access for sophisticated investors today, can be extended to families who were never shown another way.
As markets change and economic cycles come and go, the principles that guide this firm will not.
If Novacrest sounds like the right partnership, the next step is a conversation. Book an introduction call to learn more about the firm, where you may ask your questions directly, and decide whether this is the right fit for where you are in your investment journey today.
Novacrest builds strategies that prioritize reliable, well-managed passive income.
As we prepare to introduce a new offering built on that same foundation, we are expanding into a new asset class: private aviation.
Private aviation is a mature global industry supported by consistent demand across business travel, cargo movement and international mobility.
Accessibility has historically separated it from traditional investments. Direct participation has often required:
These barriers have kept the asset class largely out of reach for most investors, while also contributing to what makes it compelling.
Novacrest ensures every strategy creates access to high-quality, income-generating assets.
Our upcoming aviation strategy focuses on acquiring mid-life business jets at disciplined valuations and placing them with established charter operators to generate consistent cash flow through structured lease arrangements.
Rather than broad exposure, the portfolio is intentionally focused with a small number of carefully selected aircrafts, actively managed from acquisition through exit.
As with every Novacrest offering, this strategy focuses on:
Aviation behaves differently than traditional investments, in that, demand is driven by real-world usage, versus market sentiment.
Rather than moving in line with public equities, and correlating to traditional real estate cycles, aviation offers:
For investors, this creates an opportunity to introduce a less correlated, performance-oriented allocation into an already established portfolio.
This new opportunity represents the next step in Novacrest’s continued evolution into alternative asset investing — taking flight soon.
