Landing, a North Birmingham, AL-based provider of a membership for flexible apartment living, acquired Barsala, a Portland, OR-based tech-enabled flexible housing operator, for $30M.
Under the new deal, Landing will add more than 1,000 units across 11 markets to its Autopilot program, which optimizes revenue for multifamily property partners by adding furnished, flexible living in their apartment communities.
Barsala Founder and CEO Michael Monu will join Landing as President of the Barsala division, and Co-Founder and CTO Michael Copley will join as VP of Technology Operations.
Founded in Seattle in 2016, Barsala partners with multifamily developers to provide innovative, tech-enabled vacancy solutions that drive revenue with flexibility during lease-up. The company has operated 4,000+ units across 25 markets since its inception. Multifamily developers partnering with Barsala convert vacant, zero-income producing units into fully-furnished rental options for corporate housing needs.
Led by Bill Smith, Founder and CEO, Landing offers its members an all-inclusive, flexible living experience via a subscription. Members have access to a selection of carefully curated furnished apartments and a host of amenities. Landing apartments are currently available in more than 375 cities across the United States and growing.
FinSMEs
28/03/2024