Lessen
Debt Financing in 2023
Lessen is a technology-driven company that provides comprehensive outsourced property services for real estate rental assets, primarily focusing on single-family and multifamily renovations, turnovers, and maintenance. The company's platform facilitates seamless connections between real estate owners and service providers, offering on-demand resources and predictable service costs. Through its proprietary technology suite, Lessen enhances project management by incorporating automation and real-time analytics, thereby modernizing traditional processes in the industry. The company employs professional field project managers who ensure quality service and leverage a network of vetted service professionals across more than 40 markets nationwide. Lessen's approach enables efficient job verification, timely maintenance, and consistent service delivery for property owners and service providers alike.
Bilt Rewards
Venture Round in 2022
Bilt Rewards offers a rewards program that allows renters to earn points on rent and create a path towards homeownership. With an alliance of the U.S.' largest real estate owners, Bilt Rewards will enable renters in more than two million units across the country to earn points just by paying rent.
Launched in June 2021, Bilt Rewards boasts one of the highest value rewards programs on the market today, including one-to-one point transfers for travel across over 100 major airlines and hotel partners; fitness classes at the country’s top boutique studios; limited-edition and exclusive collections of art and home decorations through the Bilt Collection, and the ability to use points for rent credits or towards a future down payment.
Bilt has also partnered with Mastercard and Wells Fargo to create the Bilt Mastercard - the first and only credit card that can be used to pay rent with no fees. In October 2022, Bilt announced a valuation of $1.5 billion following a $150 million growth round to advance its loyalty program and credit card for renters.
SmartRent is an enterprise home automation company specializing in smart home and smart building technology tailored for multifamily communities. The company develops a comprehensive platform that enables property owners and managers to monitor and control their assets effectively, enhancing operational efficiencies while also creating opportunities for additional revenue. SmartRent’s offerings include software and hardware solutions that provide seamless visibility and control for property managers, while also delivering an integrated home control experience for residents. Operating primarily in the United States, SmartRent is committed to improving the management of multifamily properties through innovative technology solutions.
Opendoor is a digital platform for residential real estate in the United States that enables consumers to buy and sell homes online. It operates an end-to-end marketplace with Sell to Opendoor, where sellers sell directly to the company, List with Opendoor, which partners with agents to list homes, and Opendoor Marketplace, a capital-light venue that connects sellers with institutional and retail buyers. The platform also provides integrated title insurance and escrow services through its subsidiaries, aiming to simplify transactions and accelerate the home buying and selling process.
Starwood Waypoint Homes
Acquisition in 2017
Starwood Waypoint Homes is a real estate investment trust that specializes in the ownership and operation of single-family rental homes across the United States. The company focuses on acquiring, renovating, leasing, maintaining, and managing these properties in markets characterized by favorable demographics and strong long-term economic trends. Its strategy is driven by the growing demand for rental properties, enabling it to provide quality housing options while maximizing value for its stakeholders.