RealtyShares, a leading online marketplace for commercial real estate investing, today announced it is featured by Airbnb as a financing resource in its Multifamily Properties Toolkit, which is described as a website that gives owners, operators, and developers of multifamily buildings resources to support long-term tenants who wish to share their space with travelers.
According to RealtyShares, landlords may now manage Airbnb activity in their buildings and share in the additional rental income with the Airbnb Friendly Buildings Program. As a result, multifamily property owners have become increasingly interested in helping their tenants improve and share their space on Airbnb. Jaja Jackson, Airbnb’s Director of Multifamily Housing Partnerships, stated:
“Home sharing is good for landlords, good for tenants and good for travelers. Adding home sharing as an option is just another way buildings can attract and retain tenants.”
RealtyShares also reported it excels at financing unique opportunities and emerging concepts, including multifamily development projects that offer long-term rentals units that can be easily shared with travelers. Traditional capital providers do not usually participate in this sector. The real estate platform raises capital for these projects through a mix of institutional funds and capital from accredited investors investing through its platform. Bill Lanting, Vice President of Debt Originations for RealtyShares, also commented:
“RealtyShares’ biggest strength is our non-traditional mentality. Landlords are increasingly interested in offering home sharing as an option for their tenants. We see a big opportunity to create value for the multifamily housing community by financing properties that are adopting this model.”
RealtyShares added in 2017 it helped finance more than 80 multifamily properties from Miami to Phoenix, each going through an extensive due diligence process by their experienced team to ensure it met the company’s rigorous standards. These complex and creative financing opportunities make up the core of the platform’s investment marketplace, which has deployed more than $700 million dollars across over 1,000 projects in 39 states.