An “Amazon” connecting homeowners and institutional investors has launched, matching institutional investors with owners of single-family homes.
Applying data science, the Landis platform, developed by Landis Technologies, Inc., is focused on portfolios of anywhere from 10-100 properties, and has clients in aggregate of $200 billion assets under management, according to a company release.
“The application of data science to real estate is long overdue, but the traditional broker system isn’t set up to take advantage of this invaluable information,” says Tom Petit, co-founder of Landis. “By contrast, data sits at the heart of what we do. This enables us to connect investors with the properties that make sense for them. It also means we can reduce the costs associated with buying and selling rental properties because everything is streamlined to create a much more efficient system that benefits buyers and sellers.”
“As a former institutional investor, I can attest that nothing close to Landis’ value proposition has been available,” says Cyril Berdugo, co-founder of Landis, and former institutional investor at Crown Acquisitions and Fifth Wall, where we he worked with Opendoor, an “iBuyer” in real estate. “I’m proud of providing liquidity to smaller investors in the space while making the lives of institutional investors much easier. We’re completely changing the nature of the game.”
Stay tuned to RISMedia for more developments.
For the latest real estate news and trends, bookmark RISMedia.com.