Rafael Niesten’s Post

Proptech Labs Acquires reHeroes (Rental Heroes) Proptech Labs the leader in AI first technology solutions for property management, is thrilled to announce the acquisition of reHeroes, a prominent innovator in the property management space. This acquisition marks a significant expansion for Proptech Labs, having previously acquired Maintenance Manager and Inspection Manager in 2022 and 2023 respectively.   The acquisition of reHeroes brings with it more than 130,000 properties and 415,000 users under its umbrella, along with 3,200 property managers.   Over the past two years, reHeroes has achieved a remarkable growth rate of 386%, a testament to its robust platform and leadership.   With this acquisition, the total number of properties managed through one or more the Proptech Labs platforms, will exceed 1.5 million.   We looking forward to continuing to build on the work that Ben Burton and Dominik Chmielewski and extend our gratitude to the founders of reHeroes for their exceptional efforts and achievements in reaching these milestones and look forward to integrating the reHeroes team.   #propertymanagement #propertymanagers #acquisition   Rafael Niesten Gary Hunter Tracey Worthington Chinthaka Dissanayake Andrew Yatras Carrie Vernon Daniel Streek Gerald Sumcad Kaylen Kelly Kunal Nair Patrick Tantamco Shelley Cooper

PROPTECH-X : News Roundup – Seven Days of Articles & Analysis: REA Group targets Rightmove takeover – but is there clear logic in the huge deal?   The following article (1st edition) appeared on the 4th of September and was written and compiled by Angela Hawksford Director, Asia Pacific, (Advanced Interactive Media Group LLC) and published by the aimgroup (Business Intelligence for Marketplaces & Classifieds).  Angela Hawksford, ‘If you’ve been in the […] #Proptech #Property #startups #realestate #digitaltransformation

ASX-listed REA Group acquires remaining interest in proptech scaleup Realtair #proptech #australianproptech #propertytechnology #proptechnews #property #realestate #acquisition #scaleups #scaleupnews #australianscaleups

🚨 Big News in Real Estate Tech 🚨 PLACE, the all-in-one tech, business, and consumer services platform for real estate teams, has acquired Livian! 🎉 While the terms of the deal were not disclosed, this acquisition is set to expand PLACE’s offerings and bring even more value to real estate agents and teams. Founded in 2021 by Adam Hergenrother, Livian is a people-first platform that empowers agents and business owners to grow their businesses and lives. 🌱 PLACE, co-founded by Ben Kinney and Chris Suarez, continues its mission to integrate technology, consumer, and business services for real estate professionals to: • Boost efficiency ⚙️ • Increase profitability 💼 • Provide greater customer value 🌟 In late 2021, PLACE raised $100M in a Series A led by Goldman Sachs, reaching a $1B valuation 💵. Now, PLACE operates across 49 states and Canada, with over 1,000 employees and an ever-growing roster of PLACE Partner teams from top brokerage brands. This acquisition strengthens their ability to shape the future of real estate! 📢 Stay tuned to Future Techly for the latest updates on this groundbreaking initiative and the latest in tech and business! 💥 Source: FinSMEs #RealEstateTech #PLACEPlatform #LivianAcquisition #PropTech #BusinessGrowth #Efficiency #SeriesAFunding #TechNews #RealEstateInnovation #GoldmanSachs #FutureTechly

Linkhome Holdings Prepares for $12.1 Million IPO to Expand AI-Driven Home-Buying Platform Linkhome Holdings, a tech startup based in Irvine, is making strides in the real estate market as it readies itself for an initial public offering (IPO) to raise $12.1 million. The company's focus on utilizing AI to enhance the home-buying process has already shown promising results, with a substantial increase in real estate transactions facilitated through its platform. Linkhome's imminent IPO on Nasdaq under the ticker LHAI reflects the company's ambition to broaden its reach beyond Southern California to a national audience. Since its establishment in 2021, Linkhome's AI-powered platform has played a pivotal role in orchestrating over $150 million in real estate transactions, firmly establishing the company's presence in the industry. The platform's ability to deliver highly accurate home searches and facilitate all-cash offers has set it apart, resulting in a boost in revenue projections for 2023. It's anticipated that the company will witness a considerable surge in revenue this year, estimated to range from $8 million to $10 million, reflecting the rising demand for its AI-driven approach. # Thank you Mikhaila Petrovsky for your submission!

Really interesting take on this by Jordan Muela. We launched 21st Century Property Management through M&A, predominantly as a strategy to hit breakeven and fund our tech stack. Now, the hard part is achieving sustained organic growth while maintaining our stellar reputation. In the long run, I don’t anticipate our platform will be "investable." Even with all the tech, maintaining a quality service organization is always going to be labor-intensive. Instead, we aim to generate profit through efficiency as a means to fund other innovations and self-investment, not necessarily to raise capital or outside investment (although I never say never).

Report by Plug and Play Tech Center & Axeleo Capital (AXC) We researched the 53 active PropTech and ConTech unicorns to better understand their positioning, factors of success and current challenges. 🦄 🚀 Our in-depth exploration uncovers fascinating insights into PropTech and ConTech, shedding light on why some unicorns in these sectors have struggled to maintain their status. We delve into the current macroeconomic environment's impact on these companies, highlighting the challenges they face and the factors influencing their valuations. Key Metrics: 🇺🇸 75% of active unicorns are based in North America 💸 $1.27B raised on average 💰 $3.7B average valuation ⏳ 6.3 years average time to become a unicorn In this article, we feature companies like Airbnb, Esusu (a Plug and Play portfolio company), and WeWork, stressing the crucial importance of strong operational and financial management skills to navigate the complexities of these industries. 💡 Don't miss this comprehensive analysis of key trends and future projections in Real Estate and Construction! 🏡👷♂️ Shout out to the team for putting this together! Victoria Safar Justine Gounel Dimitri Kremp #proptech #contech #unicorns #unicornreport

📈Real estate investing is ready to be transformed, as Doorvest acquires a rival PropTech, Getaway. Doorvest, a full-service real estate investing platform that helps busy working professionals own passive income rental homes, announced the acquisition of Getaway, a PropTech company that helps real estate investors find and finance investment properties, with the intention of offering customers a truly end-to-end experience. The merger accelerates the development of Doorvest’s upcoming lending product, slated to launch later this year. With the integration of Getaway’s investment sourcing technology and extensive network of over 34,000 investor customers, Doorvest is poised to become the go-to platform for Americans aspiring to build wealth through real estate. “Combining forces with Doorvest allows us to expand our impact, offering a broader range of solutions to help more people diversify into real estate." - Ali (Nichols) McCarty, CEO and co-founder of Getaway Read more about the deal and their plans to transform the industry, including comments from Andrew Luong, Co-founder and CEO at Doorvest, via the article linked below.👇 https://lnkd.in/dghVAyu4 #PropTech #RealEstate #Acquisition ---- 💡 Follow PropTech Connect for daily Real Estate and PropTech news and insights.

PROPTECH-X : Mal McCallion – ‘When two tribes go to war’ Rightmove & OpenRent: So Rightmove v OpenRent is over & worryingly quickly too. Thought Leadership by Mal McCallion – CEO of Modelprop ‘The first inkling that all was not well in this long-standing – and mutually-supportive – relationship between hashtag#Rightmove and hashtag#OpenRent was spotted by Nigel Lewis of hashtag#TheNegotiator. His exclusive story, that OpenRent had removed Rightmove’s logo […] #Proptech #Property #realestate #startups #digitaltransformation

Today's post has been published. Details on building a single family portfolio in the DC Metro MSA. #multifamily #syndication #multifamilyinvesting #realestateinvesting #funds #startups