OAKLAND, Calif., May 20, 2021 /PRNewswire/ — Roofstock, the main on-line market for investing in the single-family rental (SFR) sector, at this time introduced it has surpassed $3 billion in property transaction worth because it launched in 2016. It additionally introduced substantial development in the primary quarter, together with its Gross Merchandise Value (GMV) in Q1 2021 was greater than $380 million, a 569% enhance over Q1 2020. The demand for single-family leases has reached unprecedented ranges, and the Roofstock Technology Platform makes it easy and easy for traders massive and small to achieve the publicity they search in the dynamic single-family-rental sector.
“When the pandemic hit final March, many specialists anticipated the housing market to be devastated. While we did expertise a downturn in Q2 and Q3 of final yr, in This fall the market got here roaring again, and we at the moment are experiencing unprecedented ranges of demand throughout our platform,” mentioned Gary Beasley, CEO and co-founder of Roofstock. “In truth, COVID has inspired folks to more and more transact digitally since journey has been restricted, and we have seen that over 90% of leases bought by means of Roofstock are greater than 250 miles away from the place the investor lives.”
Roofstock goals to make single-family rental investing as straightforward as investing in shares by offering the know-how to analysis, analyze, and make provides on houses in a simplified platform fueled by knowledge. While many institutional traders make the most of the Roofstock Technology Platform, investments that will have been beforehand reserved for specialists or institutional traders are additionally accessible to particular person traders in search of to diversify their funding portfolios in an asset class that continues to achieve traction.
Roofstock is more and more seemed upon because the definitive digital platform for at this time’s actual property investor. In Q1 2021, Roofstock practically doubled the quantity of visitors to its web site over the identical interval final yr, with 70% of the visitors being natural. Among Roofstock’s clients, greater than 80% are below 44, greater than half are below 35, and 75% are first-time actual property traders, signaling that with dependable and easy know-how, traders can acquire the arrogance they should delve into actual property investing. After experiencing Roofstock’s know-how, each consumers and sellers see the worth in using the platform — in truth, about 30% of consumers are repeat consumers and 50% of retail closings are from repeat sellers. Investors are additionally quickly adopting new know-how to assist them change into smarter, extra environment friendly homeowners of funding properties. Stessa, Roofstock’s free rental dwelling portfolio optimization instrument for traders, not too long ago surpassed $50 billion in complete belongings tracked.
“Roofstock continues to disrupt actual property in a means we have not seen earlier than. Institutional and retail traders alike are using its scalable, data-driven platform to construct strong single-family rental portfolios and generate passive revenue in making an attempt instances,” commented Matt Harris, companion at Bain Capital Ventures. “This milestone is a testomony to the elevated demand in single-family leases we’re seeing throughout the board, and Roofstock’s capacity to satisfy that demand.”
About Roofstock
Roofstock is the main market for investing in single-family rental houses, providing funding properties in high U.S. markets. The firm supplies all the assets for traders to purchase, personal and promote actual property on-line, together with knowledge analytics, property administration oversight and different instruments. Roofstock’s clear, revolutionary market empowers traders to personal cash-flowing rental properties, diversify their funding portfolios and construct long-term wealth by means of actual property. Founded in 2015, the corporate has facilitated greater than $3 billion in transaction quantity by means of its market thus far.
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Related Links https://www.roofstock.com
Roofstock Surpasses $3 Billion in Transaction Volume, Signaling Increased Interest in Single-Family Rentals
