Rental marketplace REZI announced that it signed a $100M deal with SR Alternative Credit, LLC, (SRAC) a private credit affiliate of Spouting Rock Asset Management, LLC, to purchase the world’s first “residential lease-backed securities” — a new financial asset backed solely by leases transacted on the REZI digital marketplace.
REZI, a Y-Combinator company, launched in 2018, reimagines the way apartments and homes are rented by offering their property owner partners guaranteed leasing income in exchange for the exclusive right to lease their apartments.
REZI leverages its platform that utilizes machine learning and artificial intelligence technology to drive leasing outperformance by offering prospective residents an unparalleled leasing experience — driving increased conversion and lower leasing costs.
Follow NEXT on LinkedIn for the latest industry news and executive intel.
