Since the start of the pandemic, the number of fraudulent listings posted on the internet has been on the rise. Local authorities, Better Business Bureau’s local offices, and real estate companies warn renters looking for apartments to be extra diligent in their search and educate themselves on...
News Updates
Offerpad Adds New Chief Growth Officer and Chief Legal Officer in Executive Team Build-out
As part of its strategy to advance its Real Estate Solutions Center and future business plans, real estate tech innovator Offerpad, based in Phoenix, Arizona, announced the expansion of its Executive Team. David Connelly, previously with Citigroup, joins Offerpad as the company’s new Chief Growth...
American Homes 4 Rent Purchases 55 Acres to Build 198 Homes
American Homes 4 Rent and Etowah Land Partners announced today that AH4R recently acquired 55 acres of undeveloped land at Etowah Shoals Village, a mixed-use, multi-generational development in Canton, Ga. AH4R has commenced land development on the site and will invest approximately $50 million in...
GROUNDFLOOR Lowers Fees and Announces New Lending Initiatives
GROUNDFLOOR, the award-winning wealthtech platform that allows everyone to build wealth through real estate, is rolling out a series of initiatives to meet the growing demand for residential real estate investment capital and opportunities to supply it. The new lending initiatives from GROUNDFLOOR...
GI Partners Announces Acquisition of Valet Living
GI Partners, a leading private investment firm, announced that it has acquired Valet Living, the largest nationally recognized, full-service amenities provider to the multifamily housing industry. GI Partners acquired Valet Living from a fund managed by the Private Equity Group of Ares Management...
Fintech Company Obligo Raises $15.5M in Series A to Roll Out New Standard for Deposit-Free Renting
Fintech company Obligo announced a $15.5 million Series A funding round from investors including 83North, 10D, Entrée Capital, Viola Credit, and other strategic real estate investors. The funding will enable Obligo to roll out its deposit-free technology to millions of homes across the U.S....
American Homes 4 Rent Honors Veterans Day, Waives Application Fee for Military Families
American Homes 4 Rent, a leading provider of high-quality single-family homes for rent, announced that in honor of Veterans Day the company is waiving application fees for military families through the end of 2020. "We thank our current and former service members on Veterans Day and every day for...
Applied Business Software Completes Private Equity Transaction with Lometa Capital Partners
Applied Business Software, Inc. (“ABS”), the leading provider of loan servicing software to the private lending industry, announced the closing of a strategic growth investment from Lometa Capital Partners (“Lometa”). Lometa’s investment, made alongside a significant investment from...
Danny Byrnes Promoted to Chief Revenue Officer at Nationwide Title Clearing
Nationwide Title Clearing, Inc. (NTC), the leading post-closing services provider for the nation's largest financial institutions, investors and servicers, announced Danny Byrnes has been promoted from VP Sales and Marketing to Chief Revenue Officer. Byrnes was hired in early 2011 as the...