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Home365 buys Lancaster-based SlateHouse Property Management
July 6, 2021//
Home365 buys Lancaster-based SlateHouse Property Management
July 6, 2021//
Listen to this articleHome365, a property technology/insurance technology residential real estate investment and property management company, announced the closing of a $16.3 million funding round.
It also announced the purchase of SlateHouse Property Management and Realty, headquartered in Lancaster, one of the largest and fastest-growing scatter-site property management companies in the country, according to a release.
The acquisition was reported at the first Real Estate Hackers Conference in Lancaster, a gathering of tech and real estate enthusiasts from around the world.
Based in Santa Clara, California, Home365 now manages 7,000 units in six states for more than 1,000 third-party investors. In Pennsylvania, there are offices in Lancaster, Harrisburg, York, Reading, Allentown, Scranton, Philadelphia and Pittsburgh.
The properties Home365 manages are worth more than $1 billion.
“Home365 provides PropTech optimization for small and medium-sized property owners by boosting margins, reducing risk and diminishing the unpredictability that comes from owning and operating smaller-sized rental portfolios,” Daniel Shaked, Home365’s founder and CEO, said in the release.
This funding round was led by Greensoil PropTech Ventures II, and included investments from existing shareholders such as Eyal Ofer, O.G. Tech, Verizon Ventures, Lool Ventures and North First Ventures.
