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Acquired by Thoma Bravo April 2021 for $10.2B; 24M+ housing units managed worldwide; private company (no public financia...
CoStar
$2.74B revenue 2024 (+11% YoY); $732M Q1 2025 revenue (+12% YoY); 56th consecutive quarter double-digit growth; 134M+ mo...
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Market leader in property management software with 9M+ units managed
Acquired by Thoma Bravo April 2021 for $10.2B; 24M+ housing units managed worldwide; private company (no public financials); DOJ antitrust lawsuit 2024 for algorithmic rent pricing; acquired Livble payment processor July 2025
$2.74B revenue 2024 (+11% YoY); $732M Q1 2025 revenue (+12% YoY); 56th consecutive quarter double-digit growth; 134M+ monthly unique visitors Q4 2024; 6,400+ employees in 14 countries
$794M revenue 2024 (28% YoY); $920-940M projected 2025; 19K+ property management customers; 8.9M units under management Q2 2025 (+6% YoY); 96% customers use AI solutions
$900M revenue 2024 (20% YoY growth past 3 years); 6M+ users worldwide; 4,500 employees (+60% 3-year growth); G2 Best Real Estate Software 2025; Inc. 5000 4th time; property management leader
$110.4M revenue 2024; $1.7B valuation; $182.9M funding; 7B+ sq ft managed; 60% Class A office US; 45,000+ tenants; commercial real estate CRM leader
5,061 companies using 2025; 3.93% property management market share; AppFolio leads with 12.38%; 3,544 US customers (79.60%); 4,000 new associations formed 2024; added AI chat 2025; property management market $11.54B 2024 to $26.31B 2033
$30M Series C Sept 2024; $105-130M total funding; $3.3 trillion AUM powered globally; double-digit revenue growth 2024; customers: Nuveen Real Estate, RXR, TA Realty; founded 2016 NYC; real estate data platform leader
$35M annual revenue Sep 2025; 400M+ sq ft managed; 700+ properties worldwide; $200M total funding ($50M Series D Oct 2023); 111 employees; 1.7M employees data via Leesman; tenant experience leader
$130M funding; acquired Altus Group $250M Nov 2021; 50M+ properties (99% US commercial); 100K+ customers; 80M companies; 300M people; commercial data leader
$42.9M funding (Dragoneer/Tiger/Accel); βΉ53.5 Crore revenue 2024 ($6.4M); 40+ enterprise customers; 10K+ properties 100M sq ft; 12 countries; 2025 Verdantix Leader CMMS; commercial RE ops leader
$93M Series D 2023 (Energy Impact/Sway); 1,000+ customers; $3T AUM; 110K properties; 18B sq ft; 84 new customers 2024 (+64% YoY); ESG/sustainability platform leader
$19.3M revenue 2024 (+28% YoY); $61.8M funding; $43M Series C (Morgan Stanley); Blackstone/Nuveen/LaSalle customers; $10T transactions; 7 of top 10 RE investors; deal management leader
$5.7M revenue 2024; $18.4M funding; 100M sq ft deployed; Starwood/Prologis/Related customers; Voltus partnership 2025; 18B hours data; 21Β’/sqft savings; commercial RE energy leader
Extra Space Storage Reports Strong Q4 2024 Results with 27.6% Revenue Growth Extra Space Storage reported fourth quarter and full-year 2024 financial results, with annual revenue reaching $3.25 billion, a 27.6% increase over 2023's $2.56 billion. The company reported Core FFO of $8.42 per diluted share for 2024 and earnings of $853.19 million, up 6.39% year-over-year. The strong performance reflected successful integration of the Life Storage merger and operational excellence across the portfoli
Kimco Realty Reports Strong Fourth Quarter and Full Year 2024 Results Kimco Realty announced exceptional Q4 and full year 2024 performance with net income of $154.8 million ($0.23 per diluted share) and Funds From Operations of $286.9 million ($0.42 per diluted share), representing 7.7% per share growth. The company leased over 11 million square feet in 2024, achieved 96.3% portfolio occupancy, and generated $2.04 billion in revenue, up 14.22% year-over-year. Kimco provided 2025 guidance of $0.7
Iron Mountain Reports First Quarter 2025 Results Iron Mountain delivered record Q1 2025 performance with total revenue of $1.6 billion, up 7.8% year-over-year (9.4% excluding foreign exchange impact). Adjusted EBITDA increased 11.8% to $579.9 million, and AFFO per share grew to $1.17 from $1.10 in Q1 2024. CEO William Meaney stated: 'We are pleased with our strong start to 2025, delivering another record performance in Revenue, Adjusted EBITDA, and AFFO in the first quarter and above our expecta
CBRE Group to Acquire Industrious, Create New Business Segment CBRE announced a definitive agreement to acquire Industrious, a leading provider of flexible workplace solutions, for approximately $400 million, creating a new business segment called Building Operations & Experience (BOE). The acquisition reflects an implied enterprise valuation of approximately $800 million and positions CBRE to capitalize on the growing demand for flexible workplace solutions. CBRE COO Vikram Kohli was promoted w
Crown Castle Appoints Christian Hillabrant as President and Chief Executive Officer Crown Castle appointed Christian Hillabrant as President and CEO, effective September 15, 2025. Hillabrant brings over 30 years of telecommunications experience, most recently serving as CEO of Vantage Towers AG, with previous roles at T-Mobile, Ericsson, and Samsung. Daniel Schlanger transitioned from interim CEO to Executive Vice President and Chief Transformation Officer to oversee the completion of the fiber
Host Hotels & Resorts Reports Strong 2024 Results with $1.5 Billion in Acquisitions and 7% Revenue Growth Host Hotels & Resorts announced fiscal 2024 results with total revenue of $5.684 billion (up 7% year-over-year), comparable hotel Total RevPAR growth of 2.1%, and the completion of $1.5 billion in strategic acquisitions across four premium properties. The company provided 2025 guidance for Total RevPAR growth of 1-3% and declared a regular quarterly dividend of $0.20 per share payable April
Camden Property Trust Announces Fourth Quarter 2024 Operating Results and 2025 Outlook Camden reported Q4 2024 results with property revenue of $387.2 million and FFO of $1.65 per share. For full year 2024, the company achieved revenue of $1.54 billion and completed $338 million in acquisitions and $289 million in development. Management provided 2025 guidance projecting core FFO/share of $6.79-$6.83 and announced plans for approximately $750 million each in acquisitions and dispositions.
MAA Announces CEO Succession Plan: Brad Hill to Lead Starting April 2025 Mid-America Apartment Communities announced that A. Bradley Hill (48) will be appointed President and Chief Executive Officer effective April 1, 2025, succeeding H. Eric Bolton, Jr. (68) who is retiring as CEO and will serve as Executive Chairman. Hill joined MAA in 2010 and rose from director of development to Chief Investment Officer in December 2023 before his CEO appointment.
Realty Income Announces Operating Results for the Three Months and Year Ended December 31, 2024 Realty Income reported full-year 2024 AFFO per share of $4.19, marking the 14th consecutive year of growth with a 4.8% increase. Monthly dividends paid per share increased 2.5% to $3.126 in 2024. The company invested $1.7 billion at an initial weighted average cash yield of 7.1% and owned 15,621 properties as of year-end, up from 13,000+ pre-Spirit merger.
AvalonBay Advances Portfolio Optimization with $620M Texas Acquisition AvalonBay Communities announced the planned acquisition of eight apartment communities in Texasβtwo in Austin (857 homes for $187M) and six in Dallas-Fort Worth (1,844 homes for $431.5M)βfor approximately $620 million total. This strategic acquisition doubles the size of AvalonBay's Texas portfolio and advances the company's goal of achieving 25% presence in expansion markets.
Evernest Acquires Poplar Homes; Secures $15 Million in New Funding Evernest announced its largest acquisition to date, acquiring tech-enabled property management platform Poplar Homes alongside $15 million in growth-centered funding from LL Funds. The transaction expands Evernest's portfolio to nearly 23,000 units across more than 50 markets and establishes the company as the second-largest tech-enabled property management platform.
Healthpeak Properties Reports Fourth Quarter and Year Ended 2024 Results and Increases Cash Dividend Healthpeak reported strong Q4 2024 results with net income of $0.01 per share, Nareit FFO of $0.44 per share, FFO as Adjusted of $0.46 per share, and AFFO of $0.40 per share. Full-year revenue reached $2.7 billion, up 23.82% from 2023. The Board declared a 1.7% increase in quarterly dividend to $0.305 per share.
Simon Property Group Reports Record 2024 Full Year Results Simon Property Group reported record total funds from operations (FFO) of $4.9 billion or $12.99 per share for 2024. Occupancy reached 96.5% (highest in 8 years), base minimum rent per square foot increased 2.5% to $58.26, and the company signed a record 5,500 leases for more than 21 million square feet, demonstrating strong operating fundamentals.
Invitation Homes Reports Strong Q4 2024 Results with 7.7% Revenue Growth Invitation Homes reported Q4 2024 revenue of $659 million (up 5.6%) and full-year 2024 revenue of $2.62 billion (up 7.7%). Net income totaled $453 million for the year, with Core FFO per share growing 6.4% and AFFO per share up 6.7%. The company maintained 96.7% occupancy with an 80% renewal rate and 38-month average resident stay.
Coldwell Banker Realty Launches Transaction Concierge Nationwide Coldwell Banker Realty rolled out its human-led, tech-powered Transaction Concierge service nationwide after successfully managing and closing 28,000 transactions during initial 2024 rollouts with a 94% agent satisfaction rate. The service uses in-house client experience specialists backed by technology to handle administrative tasks.
Equinix Forms Greater Than $15B Joint Venture for Hyperscale Data Center Expansion Equinix announced the signing of a joint venture agreement with GIC and Canada Pension Plan Investment Board to raise over $15 billion in capital. The JV will accelerate the xScale data center portfolio, enabling hyperscale companies to add core deployments driven by increasing AI and cloud growth.
Rocket Companies Completes Acquisition of Redfin Rocket Companies completed its acquisition of Redfin for $1.75 billion in stock, creating an integrated homebuying ecosystem. The combined company now offers 'Rocket Preferred Pricing' providing Redfin buyers either a 1% lower interest rate for the first year or up to $6,000 in lender credits when financing through Rocket Mortgage.
Digital Realty Reports Record Q4 and Full Year 2024 Results Digital Realty announced Q4 2024 net income of $0.51 per share versus $0.03 in Q4 2023, with Core FFO per share of $1.73 compared to $1.63 in Q4 2023. The company achieved record total leasing of $1 billion in 2024 and introduced 2025 guidance expecting revenue and EBITDA growth exceeding 10% on a normalized basis.
Equity Residential Reports Fourth Quarter 2024 Results Equity Residential reported strong Q4 2024 results with earnings per share of $1.10 compared to $0.82 in Q4 2023, a 34.1% increase. For full year 2024, same-store revenues increased 3.0% and same-store NOI increased 3.1%. The company provided 2025 guidance with expected same-store revenue growth between 2.25% and 3.25%.
$10M total ($3.3M seed Prudence/Fifth Wall/YC/RXR ARDEN/PropTech Angel); Founded 2022 Boston by Johnson/Keller/Okoruwa; YC W23; 16 total investors; 6 employees; Unified API for multifamily property management; 9+ systems integrations; Weeks vs months integration time; Technology companies/owners/operators targeting; Commercial real estate; Plaid for CRE positioning
EasyKnock Permanently Closes Following Legal Scrutiny The embattled sale-leaseback platform EasyKnock closed its doors in December 2024 after facing scrutiny from state regulators and consumer lawsuits. NPR documented lawsuits in Texas, Maryland, South Carolina, Pennsylvania, and Ohio, plus enforcement actions by attorneys general in Michigan and Massachusetts.
$3.5M seed Jan 2024 (total $3.62M over 2 rounds) Zigg Capital/YC/Antler/Exceptional Capital; 40 state licenses; Texas live; Nationwide expansion early 2024; Founded 2020 Malcolm Floyd/Scott Fritz; Brooklyn NY; Home affordability platform; First-time buyer focus; Government assistance programs; Roboadvisor savings; High rates/low inventory challenges; YC W22
Public Storage Reports Record Q4 2024 Earnings, Beats Expectations Public Storage reported Q4 2024 EPS of $3.21, surpassing analyst estimates of $2.56, with quarterly revenue of $1.177 billion exceeding expectations. The company achieved core FFO of $4.21 per share, a 20 basis point increase year-over-year, demonstrating strong operational performance.
American Tower Reports Strong Q1 2025 Results with Accelerating Services Revenue CEO Steven Vondran noted sustained demand across the global portfolio, with accelerating mid-band deployments in the U.S. driving the highest services revenue quarter since 2021. The company continues to benefit from 5G network expansion and increasing data consumption.
Prologis Reports Strong Q4 and Full Year 2024 Results with $5.56 Core FFO Per Share Prologis announced fourth quarter 2024 Core FFO per share of $1.50 (up 19.0%) and full-year 2024 Core FFO of $5.56 per share, with net earnings of $4.01 per share (up 21.9%). The company maintained strong liquidity of $7.4 billion and debt-to-EBITDA of 4.6x.
$3.3M seed Jan 2023 (Forerunner lead); Graph/FJ Labs/YC/M25/N49P; Founded 2020 Mexico by Santiago Morales-Huidobro; 20 employees; YC-backed; Shopify for Real Estate Agents; 75% operational task automation; LATAM real estate; Website creation/inventory management; Agent productivity tools; Digital transformation; Independent agents platform
Welltower Announces $14B in Senior Housing Acquisitions Totaling More Than 700 Communities Welltower unveiled plans for $14 billion in senior housing acquisitions across more than 700 communities in the US, UK, and Canada as part of its Welltower 3.0 strategic transformation, representing unprecedented scale in the healthcare REIT sector.
Alexandria Executes Largest Life Science Lease in Company History Alexandria signed a 16-year agreement with a multinational pharmaceutical tenant for a 466,598 RSF build-to-suit research hub at Campus Point Megacampus in San Diego. The Campus Point development currently comprises 1.3 million RSF in operation with 98.8% occupancy.
$2.93M seed Jan 2024 (YC/K Fund lead); Founded 2022 Barcelona by Carmona; YC S22; 10 employees; $50B fragmented market; AI-powered back-office; Hours SLA vs days; Real-time accounting vs annual; Centralized support; In-house AI technology; HOA operational automation; Spain focus; Modern management platform
$500K seed 2023 YC/Goodwater/Invariantes/1517/Accel; $1M revenue 2024; Founded 2022 Mexico; YC W23; 9 employees; Shared equity platform; 10+ banks (HSBC/Citibanamex/Banorte); Non-debt financing; Credit limit increases; Mexican homebuyers; Real estate appreciation; Investors gain equity
$604K total funding from 11 investors (Asymmetry Ventures/Gaingels/Goodwater Capital/Team Ignite Ventures/YC); September 2021 round; βΉ22Cr ($2.5M) revenue 2024; 53 employees (May 2025); 200 customers (2019); On-demand storage for businesses/households/travelers
$3.24M total funding (conflicting reports); YC S21 participation; 18 employees; Expansion from Mexico (Cabo/Tulum) to U.S. (Vail, Colorado) late 2023; Fractional ownership marketplace; Competitors: Kocomo/Pacaso/Arrived Homes
$23M-$32.8M total funding over 4 rounds from 16-25 investors (sources vary); $5.26M raised Oct 2024 led by Munich Re Ventures; Latest round Sep 2024; Y Combinator-backed (first funding Aug 2020)
$6.25M total funding; $5.75M seed Jun 2022 (Khosla Ventures lead, Global Founders Capital, YC); $907K revenue Mar 2024; 10 institutional investors; Bengaluru-based; YC-backed
$1.32M total funding; Seed 2022 (Y Combinator, LetsVenture, angels); βΉ3.57 Cr ($430K) revenue Mar 2024; βΉ200+ Cr ($24M+) AUM; 2K+ investors; 15-18% IRR; YC S21 (Summer 2021)