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Poplar Homes Acquires Venture Rei'S Single-Family Property Management Business

Jun 06, 2023•over 2 years ago

Acquiring Company

Poplar Homes

Acquired Company

Venture REI

CupertinoReal EstateInformation TechnologyReal Estate

Description

Poplar Homes, the tech-enabled property management company changing the way independent single-family rental investors and multifamily owners manage their rental properties, today announced it has acquired Venture REI's single-family for rent property management portfolio. The acquisition marks Poplar's entry into Arizona and adds 152 homes in Scottsdale to the company's property management portfolio as part of its national expansion.

Company Information

Company

Poplar Homes

Location

Cupertino, California, United States

About

Poplar Homes is a technology-powered, full stack property management company that empowers both property owners and residents throughout their lifetime real estate journey. For renters entering the market, Poplar Homes rebalances the power dynamic and makes it easy to get approved, view available properties, and rent a home online. Once in the home, Poplar's easy-to-use platform makes everything from paying rent to requesting maintenance a breeze. For property owners, Poplar Homes makes maintaining a rental home as easy to manage a stock online. Poplar Homes has a global workforce of 244 employees and manages 7500+ doors in California, Washington, Colorado, Nevada, Texas, Missouri, and North Carolina. For more information, please visit www.poplarhomes.com. SOURCE Poplar Homes

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed