Real estate projects are capital intensive from the acquisition of the site up to the stage the property is disposed or leased as a result few developers can afford to fund a project from their own cash. Raising capital thus becomes essential in the development process.The general objective of this study has been to examine the awareness and extent of applicability of various funding arrangements by Tanzanian large scale property developers. Specifically the study aimed at exploring the awareness of funding arrangements between investment officers, identifying the funding arrangements used and the extent they have been used and exploring the challenges large scale property developers face as they use various funding arrangements.The study has used the case study technique to meet the objectives set and the structured interview method was adopted in the data collection targeting the investment officers at NSSF, NHC and NIC. The primary and secondary data were both used in the study. The study revealed that the level of awareness of various funding arrangements between investment officers varies largely as the use of joint venture, equity, bank loans and mortgage as the possible funding arrangements were known to more than 85% of the 23 investment officers interviewed while the possible use of forward sale, project guarantee, building operate and transfer and sale and lease back was known to less than 50% of the interviewed investment officers. The study also found out that on average the extent of using equity has been the highest constituting 64% of all property development projects, followed by joint venture (29%), project guarantee (1%), bank loans (5%) and forward sale (1%). It was also found out that obtaining reliable partners for carrying out development projects has been the most challenge facing property developers.The study recommends on the improvement of the extent of using different forms of partnerships such as project guarantee and sale and leaseback. The investment policies and manuals should be flexible allowing the use of different funding arrangements and the enrollment of real estate specialists in the investment departments should be given priority.