Doorvest
Deal News | Jan 17, 2025 | Aim Group
Doorvest, a company dedicated to acquiring and managing single-family rentals for individual investors, has expanded its operations with the acquisition of Rubik, a New York City-based firm. Rubik specializes in leveraging data and machine learning to deliver similar services to larger investors. Through this strategic acquisition, Doorvest plans to significantly increase its capability in home acquisitions, aiming to double the number of homes under its management. This move highlights Doorvest's ambition to enhance its service offerings and strengthen its market presence by integrating advanced technological tools.
Sectors
- Real Estate
- Technology
Geography
- United States – Both Doorvest and Rubik are based in the United States, with Rubik operating out of New York City.
Industry
- Real Estate – The acquisition involves companies operating in the real estate market, specifically focused on single-family rentals.
- Technology – Rubik's use of data and machine learning indicates its role in the technology sector, particularly in proptech.
Financials
- – No specific financial details such as deal price or revenue were disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Doorvest | Buyer | Company | A company that acquires and manages single-family rental homes for individual investors. |
| Rubik | Target Company | Company | A New York City-based firm that uses data and machine learning to assist major investors in real estate. |