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Well-Established Provider of Residential Matching Search Sites for Apartment Communities/Prospective Renters. The Company provides apartment finding websites free of charge to prospective renters. Apartment communities pay them a recurring monthly fee in order to be presented as an option to those renters.
Apartment communities routinely invest thousands of dollars per month in their marketing mix, fighting for leads and ultimately leases. The lifetime value of a new renter could be well north of $20K for these communities.
The student housing market is extremely competitive. This Company has agreements in place with all the communities within college towns and can offer students lease terms that match their school term schedules as opposed to annual leases that don’t fit the student’s school schedule. The Company's technology is custom-built and maintained in-house and they have a team actively working on expanding its network to other markets throughout the US.
Please refer to listing #0101216488 when inquiring.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.