StarRez Enhances Off-Campus Housing Portfolio with College Pads Acquisition

Deal News | Jan 09, 2025 | Globenewswire

StarRez Enhances Off-Campus Housing Portfolio with College Pads Acquisition

StarRez, a leading provider of on-campus housing software, has announced its acquisition of College Pads, renowned for off-campus housing solutions in the student market. This strategic move broadens StarRez's offerings, integrating College Pads’ proficiency in off-campus living to foster dynamic housing solutions. The collaboration aims to bolster both on-campus and off-campus residential experiences with a comprehensive, integrated approach. Universities will benefit from a white-labeled solution offering curated off-campus options, reinforcing student retention and wellness. With a combined effort, they aim to adapt to evolving student housing trends like increased enrollment and tech-driven lifestyles, setting new industry standards.

Sectors

  • Real Estate Technology
  • Education Technology

Geography

  • United States – Both StarRez and College Pads operate prominently within the United States, servicing multiple universities including those based in states like Michigan and Texas.
  • Global – StarRez has a global presence, serving educational institutions in over 25 countries, intensifying impacts not just limited to the U.S.

Industry

  • Real Estate Technology – This industry involves technology solutions aimed at improving real estate management. StarRez and College Pads operate within this sector by providing software solutions for student housing management.
  • Education Technology – Given its focus on enhancing university housing experiences, both on-campus and off-campus, the merger is also situated within the education technology sector, serving institutions and facilitating student housing solutions.

Financials

    Participants

    NameRoleTypeDescription
    StarRezAcquirerCompanyA global leader in student housing software, aiming to enhance both on-campus and off-campus student housing experiences.
    College PadsTarget CompanyCompanySpecializes in off-campus student housing solutions, partnering with over 100 U.S. institutions to facilitate off-campus living.
    Travis KnipeCEO of StarRezPersonCEO of StarRez, expressing the strategic vision behind the acquisition to expand global student housing capabilities.
    Dominic AnzaloneCEO of College PadsPersonCEO of College Pads, with a focus on developing platforms that support student success in off-campus housing.