Roofstock
Roofstock is a comprehensive real estate investment platform offering services such as acquisitions, property management, and asset management, with a focus on single-family rentals (SFR). The company utilizes advanced technology and data-driven insights to support both individual and institutional investors in the SFR sector.
Services
Roofstock offers a comprehensive range of investor services including acquisitions, property management, asset management, and dispositions. The company's asset management services encompass advanced reporting, fund-level scenario modeling, and debt servicing support. Property management services at Roofstock are customized for institutional single-family rental (SFR) owners and include 24/7 maintenance support and online rent collection. Roofstock's direct-to-investor platform allows for property listings, whereas the local agent referral program is tailored for traditional property sales.
Investment Solutions
Roofstock provides investment solutions for both institutions and individuals. Their platform supports investments into single-family rentals (SFR) and build-to-rent communities. Notable tools under their Rental Genome Suite include Rental Genome Explorer, Rental Genome Optimizer, and Rental Genome Underwriter, which help optimize investment decisions using over one billion data points. Additionally, Roofstock's Scaled Seller Services (S3) platform facilitates efficient asset sales via the MLS, while the VIP marketplace serves high-volume investors on an invite-only basis.
Technology Platform
Roofstock's technology platform includes the innovative Rental Genome technology, which leverages data from over one billion data points to enhance rental property investment decisions. The platform also features Roofstock OnChain, a blockchain-based initiative. Roofstock manages properties using Stessa, which tracks property performance, and screens tenants with services like RentPrep. The platform has closely monitored $4 trillion in sales volume and generated 90 million property rent estimates.
Single-Family Rental (SFR) Sector
Roofstock operates within the thriving single-family rental (SFR) sector, which is valued at approximately $5 trillion. Roofstock has completed over $6 billion in transactions and operates in 70 markets, managing 25,000 homes since its inception in 2015. The company aims to address issues related to the age and environmental impact of US single-family homes, 62% of which are over 40 years old. Roofstock is focused on acquiring, renovating, and decarbonizing these homes to reduce their energy consumption and greenhouse gas emissions.
History and Acquisitions
Roofstock has significantly expanded its operations through strategic acquisitions, including Streetlane Homes, Stessa, Great Jones, and RentPrep. Founded with a mission to innovate in the real estate investment space, Roofstock has raised substantial funding, including $240 million in Series E financing. The company has developed a robust platform that supports both scattered site single-family rentals and build-to-rent communities. Roofstock's growth is also marked by technological advancements and a strong focus on data-driven insights provided by their dedicated research team.