The Promise Homes Company Secures Multi-Million Dollar Equity Investment From Leading U.S. Bank; Cra-Eligible Capital
Round Type
Venture
AtlantaReal EstateHospitalityProperty ManagementDescription
The Promise Homes Company (TPHC), one of the largest minority-led owners of institutional-quality, single-family residential rental property in the United States that serves working-class and middle-class communities announced today that First Republic Bank (NYSE: FRC), a leading private bank and wealth management company, has made a multi-million dollar purchase of Preferred Units. The proceeds in part will be utilized to evaluate new investments in single family rental properties across the Southeast U.S., which may also qualify for Community Reinvestment Act (CRA) credit for First Republic.
Quick answer
Promise Homes raised an undisclosed amount in a funding round, dated June 4, 2021. Promise Homes is based in Atlanta, Georgia, United States.
- How much did Promise Homes raise?
- Promise Homes raised an undisclosed amount in a funding round on June 4, 2021.
- What does Promise Homes do?
- Promise Homes is committed to providing its residents with Dignity in Housing.
- Where is Promise Homes based and how big is it?
- Promise Homes is based in Atlanta, Georgia, United States.
- Who are the decision-makers at Promise Homes?
- Fundz holds 1 contact at Promise Homes, including the Head of Operations . Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Real Estate and Hospitality around the same time
Companies in the same sectors as Promise Homes that raised within 45 days of this round, from Fundz verified event records.
- Continuum™ raised $2.6M (Seed) on June 10, 2021.
- PriceHubble raised $34M (Series B) on July 19, 2021.
- Panera Bread raised $900K (Seed) on July 19, 2021.
- Selectis Health raised $750K (Seed) on July 16, 2021.
- poppi raised $14M on July 14, 2021.
- Billd raised $30M (Series B) on July 13, 2021.
Who to call at Promise Homes, and when
A new round usually means Promise Homes is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Promise Homes raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Promise Homes, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Promise Homes. With Fundz connected, it knows.
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Fundz sees it the moment Promise Homes raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Promise Homes raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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