Roofstock and Mynd Merge to Power the Next Chapter of Growth in Single-Family Rental Investing
May 16 2024 - 11:00AM
Roofstock, a leading real estate services and investment platform
specializing in the single-family rental (SFR) sector, and Mynd,
the company transforming how investors find, finance, lease,
manage, and sell SFR properties, today announced that the two
entities have merged to create an end-to-end platform to power the
next chapter of growth for the SFR asset class.
This merger gives real estate investors access to a robust
technology platform, deep data insights to inform their buying and
selling decisions, and a property management system built
specifically for SFR to ensure their units are leased, well
maintained, and generating strong returns.
Under the terms of the deal, Mynd will merge into the Roofstock
corporate entity, while property management operations will
continue to operate under the Mynd brand. Gary Beasley, Roofstock’s
co-founder and CEO, will continue as CEO, and Mynd’s co-founder and
CEO, Doug Brien, will become President of Roofstock.
“By bringing together our complementary capabilities into one
platform, we will achieve greater scale and be able to provide
enhanced value to our customers,” said Gary Beasley, Chief
Executive Officer at Roofstock. “Doug and I share a vision for
technology-enabled and data-driven investing and management that
will help solidify Roofstock as a premier end-to-end solution for
SFR investors.”
Mynd and Roofstock’s platforms were both built specifically for
SFR. By integrating their proprietary digital tools, powered by the
most comprehensive data in the industry, and the deep expertise of
their teams, Roofstock will now be able to deliver a unique and
powerful set of services that will yield strong results for
customers, both retail and institutional.
"Both Gary and I hold a strong conviction that SFR is poised for
exponential growth in years to come, like multi-family before it,”
said Doug Brien, now President of Roofstock. “Our combined platform
will help power this acceleration by making it possible to invest
in SFR with the same level of confidence and precision that
investors have come to expect in other asset classes."
To learn more about Roofstock and the company’s expanded
services, visit www.roofstock.com.
About Roofstock
Roofstock is a pioneer in providing Real Estate Investment as a
Service (REIaaS) for investors in the $5 trillion single-family
rental (SFR) sector across the entire investment lifecycle. Its
proprietary data, technology, and integrated services make it
possible for investors to maximize opportunities across the U.S.
and realize substantial returns. Founded in 2015, Roofstock is
backed by a blue-chip roster of venture capital investors including
Khosla Ventures, Bain Capital Ventures, Lightspeed Venture
Partners, Canvas Ventures, and SoftBank Vision Fund 2. Roofstock
has facilitated more than $6 billion in transactions on its
platform to date.
About Mynd
Mynd is a tech-enabled real estate company serving the $85B+
property management and real estate investment market. Powered by a
proprietary, all-in-one digital platform and local listing and
property management experts, Mynd simplifies the entire investment
journey for both first-time and veteran investors, allowing more
Americans access to the single-family residential sector as a way
to build intergenerational wealth. With operations in 25+ markets
across the U.S., Mynd removes the time, communication, and
geographic barriers traditionally associated with buying real
estate. With Mynd, investors can confidently purchase, finance,
insure, lease, manage, and sell single-family rental properties,
100 percent remotely. Founded in 2016, Mynd is backed by top VCs,
including Lightspeed, Canaan, Jackson Square, and QED.
Media Contact:
myndpr@launchsquad.com