Real Estate Journal — Owners, Developers & Managers — January 29 - February 11, 2016 — 21A
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M id A tlantic
O wners , D evelopers &M anagers $9.1 million Series B round of funding Walker &Dunlopmakes strategic investment in Rentlytics B ethesda, MD — Walker & Dunlop, Inc. and Rentlytics
AUCTIONEERS Promote your Company & upcoming Auctions In the February Spotlight Deadline Feb 3| Issue Date February 12 Contact Steve Kelley skelley@marejournal.com 781-871-2582 ext. 205
data in real-time, a challenge Walker & Dunlop faces in the asset management and servic- ing of over 4,700 properties. Rentlytics’ software provides an insightful, comprehensive view of the financial and op- erational performance of a property, and we decided to make a strategic investment in Rentlytics because of the value we see in this platform. Property owners, operators, developers, lenders, and in- vestment sales professionals will find this software power- ful and compelling.” CEO and Co-Founder of
Rentlytics, Justin Alanis, stated, “We are excited to be partnering with Walker & Dunlop; their unique market expertise and national scope will be transformative for our business. This new funding will be deployed to advance our vision of delivering a comprehensive business intel- ligence and analytics platform to the multifamily industry. We are well positioned to con- tinue providing our customers with innovative technologies that help them to better ac- cess, understand and apply their data.” n
announc ed that Walker & Du n l o p has made a strategic in- vestment in Rentlytics, a t echno l ogy platform for owners and
Willy Walker
managers of multifamily real estate assets. The $9.1 million Series B round of funding led by Walker & Dunlop includes additional participation from both new and existing inves- tors, including Grey Wolf. Rentlytics will use the funding for additional product develop- ment and market expansion. The cloud-based business in- telligence (BI) software devel- oped by Rentlytics streamlines multifamily management within a single platform, en- abling owners and managers of multifamily assets to ana- lyze disparate property and portfolio-related data, such as financial, operational, and marketing information, to make more-informed manage- ment decisions. Since their product launch in January 2015, many of the most ad- vanced owners and operators in the multifamily industry have adopted the platform. Walker & Dunlop chairman and CEO, Willy Walker , commented, “The multifamily real estate space is becoming increasingly dependent on new technology as stakehold- ers look for ways to simplify and streamline the analysis of large amounts of portfolio Funding for DMR Architects Wayne PoliceHQapproved WAYNENJ —Wayne Twp. has chosen one of the four options provided by DMR Architects for the renovation of its aging Police Station; the construction of a two-story, 12,600 s/f addition to the ex- isting 12,700 s/f building that will also receive upgrades. The concept is one of four that DMR prepared for the site within the municipal complex at 475 Valley Rd., which all included building block plans illustrating the size of the building and its relationship to other buildings on the site. n
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