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JLL launches professional partnership and strategic expenditure in SFR proptech leader Roofstock

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CHICAGO and OAKLAND, Calif., March 3, 2021 /PRNewswire/ — JLL (NYSE: JLL) now announced a multi-faceted transaction with Roofstock, an revolutionary proptech and foremost on the net market in the dynamic one-relatives rental (SFR) sector. The offer incorporates a strategic minority investment in Roofstock by JLL and business partnership that allows JLL to grow its assistance offerings in the household sector. As section of the offer, Roofstock also ordered Stessa, the primary asset management program-as-a-support remedy for SFR buyers, which experienced been owned by JLL’s technologies division, JLL Technologies (JLLT), because January 2018.

“The single-relatives rental asset course is looking at strong demand from customers from our trader clientele – the two private and ever more institutional – and this investment  will situation our teams to offer special insights and accessibility to opportunities in this place,” said Richard Bloxam, CEO, Money Marketplaces of JLL.

“We are psyched by Roofstock’s scalable, knowledge-pushed system servicing each retail and business SFR shoppers as properly as the deeply achieved and skilled team. We see a strategic financial investment coupled with a professional partnership as the best approach to offer you condition-of-the-artwork solutions to our investors looking for SFR publicity,” reported Yishai Lerner, Co-CEO, JLLT.

The transaction is strategic for the two parties. Via this business partnership, JLL can now promptly supply shoppers the means to obtain the U.S. SFR current market at scale, backed by a robust suite of providers that deliver a around seamless transaction and portfolio management practical experience. The incorporation of Roofstock’s “actual estate investing cloud” into JLL’s existing enterprise enables JLL’s consumers to make investments in U.S. residential serious estate at scale, speed and with precision. Roofstock will also attain obtain to JLL’s world wide footprint to gas its continued development, building a new pipeline of exercise that rewards all customers of its authentic estate marketplace.

“We are excited to perform jointly with JLL to assistance provider JLL’s clients in the SFR space, and accelerate Roofstock’s domestic progress and world-wide growth,” mentioned Gary Beasley, co-founder and CEO of Roofstock and 30-yr genuine estate veteran. “We are also thrilled to welcome the proficient Stessa team to Roofstock and are thrilled to integrate their asset administration and accounting computer software into our retail products choices. The marriage with JLL right supports our attempts to make true estate investing far more seamless and available.”

Stessa is a all-natural addition to the Roofstock market and a strong complement to the present suite of companies Roofstock delivers traders. Roofstock will make Stessa readily available to the high volume of traders who transact via the proptech’s system just about every thirty day period. With additional than 170,000 attributes on the system representing more than $45 billion in property, Stessa is fast getting one of the most well known particular financial applications for rental assets owners. Utilizing Stessa, buyers can automate earnings and cost tracking, optimize income with visual dashboards and detailed stories, and preserve time with tax-all set financials.

“We are thrilled to join forces with Roofstock, which is top the way in generating the solitary-loved ones rental asset course extra accessible to traders,” stated Heath Silverman, co-founder and CEO, Stessa. “Stessa can leverage Roofstock’s proprietary knowledge to assistance investors make smarter, a lot more educated conclusions and seamlessly purchase and sell homes by Roofstock’s market. Jointly, we will be ready to supply in depth proprietor products and services conserving investors both time and cash throughout each individual stage of the real estate ownership lifecycle.”

The acquisition by JLL in 2018 and subsequent incubation enabled Stessa to develop its platform and attain, getting 1 of the leading alternatives obtainable to rental residence entrepreneurs.

About Roofstock
Roofstock is the leading market for investing in the $4 trillion solitary-family members rental property sector. The business presents intensive means for buyers to acquire, individual and offer actual estate on the net, such as data analytics, home management oversight and other equipment. Roofstock’s clear, revolutionary market empowers buyers to have cash-flowing rental attributes, diversify their expenditure portfolios and build extensive-term prosperity via authentic estate. Established in 2015, the firm has facilitated additional than $2 billion in transaction quantity by its market to date. Roofstock was named as a person of Quickly Company’s Most Innovative Firms in 2020, and has gained a spot on the prestigious Forbes Fintech 50 for the previous two decades.

About JLL Systems
JLL Systems (JLLT) is a division of JLL, a entire world leader in real estate solutions, that can help organizations rework the way they get, run, take care of and working experience house. JLLT is a very first-of-its-type workforce combining builders of significant-development tech corporations and industrial serious estate specialists. Its thorough technological innovation portfolio of purpose-created methods and foremost venture-backed companies exceed business calls for for greater small business intelligence, place of work expertise and clever constructing platforms. Find out much more at www.jllt.com.

About JLL
JLL (NYSE: JLL) is a major expert expert services firm that specializes in authentic estate and expenditure management. JLL shapes the long run of actual estate for a superior planet by utilizing the most superior engineering to develop worthwhile prospects, remarkable spaces and sustainable true estate answers for our shoppers, our men and women and our communities. JLL is a Fortune 500 organization with yearly earnings of $16.6 billion, operations in more than 80 international locations and a international workforce of much more than 91,000 as of December 31, 2020. JLL is the brand identify, and a registered trademark, of Jones Lang LaSalle Integrated. For more information, go to jll.com.

Media Contacts
JLL
Gayle Kantro
+312 228 2795  
[email protected] 

JLL Systems
Laurel Cifala
[email protected].com 

Roofstock
Suresh Srinivasan
[email protected] 

Supply JLL-IR

Related Back links

http://www.jll.com

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