A leader in the single-family rental (SFR) investment properties marketplace, Roofstock, Inc. has recently announced the acquisition of Streetlance PM LLC, a Dallas-based SFR management operation services under the brand Streelane Homes.
Streetlane is one of a handful of top-caliber property management firms certified by leading institutional lenders in the space as an approved property manager for large SFR portfolios.
Founded in 2016, Streetlane currently manages approximately 2,100 SFR properties in five markets, including Atlanta, Chicago, Dallas, Las Vegas and Nashville. With the ability to be operational in new markets within 30 to 45 days, the company is poised to expand to other cities to service additional institutional investor clients.
“We are excited to welcome the Streetlane team into the Roofstock family,” says Gary Beasley, CEO and Co-Founder of Roofstock. “The combined capabilities of Streetlane and Roofstock create a compelling one-stop-shop for institutional investors who are looking for U.S. housing exposure but don’t have – or want to build – an operating infrastructure to acquire, renovate and manage a large portfolio of SFR properties.”
Roofstock will retain the existing management contracts of Streetlane, and the companies will work together to leverage Roofstock’s technology team to further enhance Streetlane’s offerings. The addition of Streetlane boosts Roofstock’s ability to help institutional investors efficiently gain exposure to SFR by leveraging Roofstock’s extensive sector expertise and complete suite of investor services.
The acquisition of Streetlane complements Roofstock’s existing partnerships with more than 40 certified local property managers nationwide which manage properties on behalf of Roofstock’s individual investor clients.
Rooftstock will deepen its relationships with other quality local management firms. With this most recent acquisition of Streetlane, the SFR investment company can also offer a best-in-class property management solution for institutional investors.
Edited by V. Haviland
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