4.14.22 | This week we recognized 2 capital related transactions with a disclosed value of $43 Million USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $26 | Flock Homes Raises $26 Million in Series A Funding Led by Andreessen Horowitz (a16z) |
| $17 | Arrived Homes (Backed by Jeff Bezos) has Funded ~$17 Million Worth of Properties Till 2022 |
| $43 | Total |
Additionally, we recognized 1 leadership change within the industry.
Leadership
Summary of Transaction Headlines
TechCrunch | “Flock Homes Raises $26 Million in Series A Funding Led by Andreessen Horowitz (a16z)”
A startup called Flock Homes wants to give landlords a similar ability to own shares of a portfolio that is made up of multiple properties, and it’s just raised a $26 Million Series A funding round toward that effort. Andreessen Horowitz (a16z) led the financing, which also included participation from 1Sharpe Ventures (which is led by Roofstock co-founder and chairman Gregor Watson) and Human Capital as well as existing backers Susa Ventures, Primary Venture Partners and BoxGroup.
Yahoo Finance | “Arrived Homes (Backed by Jeff Bezos) has Funded ~$17 Million Worth of Properties Till 2022”
The real estate investment platform Arrived Homes launched its latest batch of new offerings yesterday; six rental properties that retail investors can buy into with as little as $100. The offerings went live on the platform at 11:00 AM EDT on April 5, 2022, and all properties were fully funded in less than 12 hours. Arrived Homes has experienced tremendous growth since its launch just a little over a year ago. The platform funded 51 homes during the last eight months of 2021 with approximately $18.5 Million in property value. So far in 2022, Arrived Homes has already funded approximately $17 Million worth of properties.
IREI | “Tim Siegman Joins TruAmerica Multifamily as CFO”
Siegman joins TruAmerica after 13 years serving in the role of chief accounting officer at JRK Property Holdings, a privately held multifamily and hospitality investment firm. After graduating from California State University, Northridge, Siegman spent eight years at Kenneth Leventhal & Co., one of the nation’s most prominent real estate accounting firms before it merged with Ernst & Young in 1995.
If you would like to learn more about the large platform events we are tracking, please reach out to David Stanford or John Seaton. If you would like to suggest a news or media outlet that should be considered, please contact us.
