EmlakJet Eyes $5.5M Funding for IBuying
Deal News | May 01, 2025 | Aim Group
EmlakJet, a prominent player in Turkey's real estate market, has announced the launch of its second real estate investment trust (REIT) with a funding target of $5.5 million. This new initiative aims to focus on IBuying—a process that employs technology to make quick cash offers on homes with subsequent resale. This strategic move is designed to diversify EmlakJet’s revenue streams, indicating a significant augmentation in its business focus. EmlakJet previously set up its first REIT over two years ago, signaling its ongoing commitment to cementing its position within the Turkish real estate sector.
Sectors
- Real Estate
- Investment
Geography
- Turkey – EmlakJet is based in Turkey and operates within the Turkish real estate market.
Industry
- Real Estate – EmlakJet functions within the real estate sector, facilitating market transactions and investment through its investment trust.
- Investment – The launch of a new REIT signifies activity in investment and finance, particularly in real estate investments.
Financials
- $5.5M – The target amount for the initial funding of EmlakJet's second real estate investment trust focusing on IBuying.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EmlakJet | Target | Company | EmlakJet is a Turkey-based real estate marketplace involved in launching real estate investment trusts. |