March 2, 2023 - HomeRiver Group® (HRG) has acquired a portfolio of property management contracts from Roofstock. The properties are located in Florida, Indiana, Tennessee, Missouri, North Carolina, Texas, Alabama, Georgia, and South Carolina, and adds over 900 homes to HRG’s property management portfolio.
John D. Hirschfeld, Chairman and CEO of HRG, says “We are very proud to add more homes in many of our existing markets as well as expand into St. Louis. It was a pleasure to work with Roofstock on this deal.”
With over 40,000 units under management, HRG (www.homeriver.com) is the nation’s largest third-party property management company of single family and multifamily homes in the U.S. HRG offers acquisition, renovation, leasing, management, maintenance, and brokerage services to institutional and independent single family and multifamily real estate investors. HRG also provides Community Association Management services for Homeowner Associations with over 30,000 additional homes. HRG was named 2022 Property Management Company of the Year by IMN and listed as one of the Best Property Management Companies of 2022 by PropertyManagement.com.
Roofstock is the leading digital platform supporting investors throughout the entire property lifecycle in the $4 trillion single-family rental home (SFR) sector. Its integrated, data-driven technology and curated investment recommendations make it possible for investors to maximize opportunities across the U.S. and realize substantial rewards in a customized, transparent, digital experience. The company provides extensive resources to buy, manage, and sell investment real estate online. Founded in 2015 and named as a member of the Forbes Fintech 50 for the fourth straight year, Roofstock has raised over $400 million from investors such as Khosla Ventures, Bain Capital Ventures, Lightspeed Venture Partners, Canvas Ventures, SVB Capital and SoftBank Vision Fund 2. A proptech unicorn, Roofstock has facilitated more than $5 billion in transactions on its platform to date.