CoStar Group announced today that it has reached a definitive agreement to acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise value. Under the terms and subject to the conditions of the agreement, Matterport stockholders will receive $2.75 in cashContinue reading “CoStar Group Acquiring Matterport Spatial Property Data Company in $1.6 Billion Deal”
Author Archives: Ryan Nelson
Blackstone Acquiring Multifamily Owner AIR Communities for $10 Billion
Blackstone and Apartment Income REIT Corporation (“AIR Communities”) announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. The purchase price representsContinue reading “Blackstone Acquiring Multifamily Owner AIR Communities for $10 Billion”
Property Meld and Lula Launch ‘Vendor Nexus’ Program
Property Meld, the leading property management maintenance software in the property management industry, is proud to announce a partnership with Lula to launch Vendor Nexus. The program is designed to assist property managers in finding quality vendors while improving real-time technological connectivity. The new program, one of the first of its kind in the industry, isContinue reading “Property Meld and Lula Launch ‘Vendor Nexus’ Program”
Realtor.com and Zillow Ink New Multifamily Rental Listings Syndication Agreement
Realtor.com® and Zillow today announced a new agreement for Zillow to be the exclusive provider of multifamily rental listings on Realtor.com®, generating additional exposure for listings to millions of renters. As part of the new agreement, multifamily rental listings with 25 or more units advertised on Zillow will also be displayed on Realtor.com®. Renters who visitContinue reading “Realtor.com and Zillow Ink New Multifamily Rental Listings Syndication Agreement”
U.S. News Reveals 2024 Rankings for Best Hotels
U.S. News & World Report revealed its 14th annual rankings of the Best Hotels. The 2024 rankings highlight more than 37,000 hotels across more than 400 destinations to help travelers find the hotel that suits their needs. For the second year in a row, Acqualina Resort & Residences in Sunny Isles Beach, Florida, takes the No. 1 spotContinue reading “U.S. News Reveals 2024 Rankings for Best Hotels”
Rent and Mortgage Rewards Company Bilt Valued at $3.1 Billion
Bilt Rewards (“Bilt”), the leading loyalty platform specializing in rent and neighborhood rewards, today announced a $200 million equity investment, led by General Catalyst, with significant contributions by Eldridge, alongside existing investors Left Lane Capital, Camber Creek and Prosus Ventures. This catapults the company’s valuation to $3.1 billion. Bilt welcomes Ken Chenault as Chairman of itsContinue reading “Rent and Mortgage Rewards Company Bilt Valued at $3.1 Billion”
Zillow Launches New Credit-Building Payment Reporting
Zillow is introducing a new feature that allows renters who pay their rent on Zillow to have their on-time payments reported to a major national credit bureau at no cost to them. This is a first for any online rental marketplace, offering a unique opportunity for renters to build credit through regular rent payments atContinue reading “Zillow Launches New Credit-Building Payment Reporting”
AirDNA Acquires Uplisting, Setting New Standards in Short-Term Rental Intelligence and Management
AirDNA, a leading short-term rental (STR) data provider, announced today the acquisition of vacation rental software and channel management system Uplisting. This acquisition marks a pivotal leap in AirDNA’s mission to provide a comprehensive, one-stop solution for those investing in and operating short-term rental properties. Demi Horvat, CEO of AirDNA, shares the vision behind the acquisition:Continue reading “AirDNA Acquires Uplisting, Setting New Standards in Short-Term Rental Intelligence and Management”
TurboTenant and Lula Launch Rental Property Maintenance Partnership
Leading property management platform TurboTenant announced its partnership with Lula, an award-winning rental property maintenance service, in select markets. “The top challenge landlords report is managing rental maintenance requests,” said TurboTenant Vice President of Marketing Harrison Stevens. “Partnering with Lula allows us to work with high-quality professionals nationwide to provide a simple solution for our 600k+ landlords. ByContinue reading “TurboTenant and Lula Launch Rental Property Maintenance Partnership”
10 Essential Tools for Landlords to Lease a Long Distance Rental Property
As more and more landlords are seeking investment properties in cheaper markets or simply trying to save some time with their current rentals, leasing long distance rental properties has been growing in popularity. As a remote-landlord, having the right types of real estate investor tools is critical for leasing vacant units without having to physicallyContinue reading “10 Essential Tools for Landlords to Lease a Long Distance Rental Property”