article thumbnail

Evernest acquires Poplar Homes and $15M in tech-focused funding

Housing Wire

Property management company Evernest announced on Wednesday its largest acquisition to date. The company will acquire tech-enabled property management platform Poplar Homes alongside $15 million in growth-centered funding. The company’s management portfolio will reportedly rise to 230,000 units across 50 markets.

article thumbnail

Opinion: Is the time ripe for a third way to tap home equity?

Housing Wire

The convergence of homeowner requirements and investor incentives has resulted in a genuine inflection moment for home equity investments (HEIs). Are home equity investments the answer? In simple terms, home equity investments offer homeowners a way to unlock equity without taking on monthly payments or additional debt.

Equity 472
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Thoma Bravo acquires RealPage for $10.2 billion

Housing Wire

Private equity investment firm Thoma Bravo will acquire proptech company RealPage in a transaction valued at approximately $10.2 In September, RealPage entered the smart building space and paid an undisclosed amount to acquire Stratis IoT , a property management tech firm based in Philadelphia.

article thumbnail

Wells Fargo, CoreLogic partner on real estate tax processing operations

Housing Wire

CoreLogic, owned by private equity firm Stone Point Capital , offers a national database covering real property and mortgage information. The data company’s clients include mortgage lenders, real estate brokers and property management companies.

Lending 466
article thumbnail

Bilt Rewards, which converts rent payments into points, hits $1.5B valuation

Housing Wire

The company, which works with some of the country’s largest multifamily developers and property managers, secured $150 million in a growth round led by Left Lane Capital. Related Companies and Equity Residential. In all, the company has received $213 million in funding since it launched in June 2021.

Equity 370
article thumbnail

Freddie Mac spurs landlords to report on-time rent payments

Housing Wire

Esusu, a credit-building fintech, will deliver the on-time rental payment reports from landlords’ property management software to the credit bureaus. The government-sponsored enterprise will provide closing cost credits on multifamily loans for rental landlords who agree to report on-time rental payments through Esusu Financial.

Finance 468
article thumbnail

Opinion: Many mission-based landlords are at a breaking point

Housing Wire

Labor costs for property management have increased nearly 50% in some markets, and security needs and costs have risen, too. At many affordable housing properties, expenses exceed revenues and owners are now forced to feed budgets to cover costs. Rising operating costs add to the pressure. Insurance premiums are up 27.7%

Land 430