Real Estate Journal — Owners, Developers & Managers — May 29 - June 11, 2015 — 5B
M id A tlantic
O wners , D evelopers &M anagers Company could revolutionize multifamily investment ResiModel reaches $3.5m in funding from investors N EW YORK, NY — ResiModel , a plat- form for aggregating,
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estate technology investor; and the Chief Executive Officer of a leading multifamily REIT. “The real estate world has begun adopting technology solutions at a rapid pace, and ResiModel is poised to capi- talize on this growing trend,” said Kurt Roeloffs. “The plat- form solves an existing in- dustry problem, and allows investment professionals to aggregate their deals for use in future transactions. We are sure to see more leading inves- tors, brokers, and lenders turn to ResiModel for assistance in harnessing their institutional
intelligence.” ResiModel’s active customer base comprises deal teams at many of the industry’s top bro- kerage firms, including ARA Newmark , CBRE , Colliers , Cushman & Wakefield , Jones Lang LaSalle , Mar- cus and Millichap , Moran and Stream Realty , along with a number of premier multifamily investors, such as Alliance Residential Com- pany and Carmel Partners . To date, users have analyzed more than 2,000 multifam- ily transactions through the ResiModel platform. n
standardiz- ing and ana- lyzing finan- cial data for multifamily transactions, ann o un c e d that it has closed on its most recent
round of funding. Provided by a group of investors compris- ing several renowned real estate executives and venture capital firms, this latest round of financing brings the total amount raised by the company to approximately $3.5 million. Investors in this round rep- resent some of the biggest names in both real estate and technology, including Axiometrics , the leader in apartment market and student housing research and analysis; Kevin Quinn , former Global Co-head of Technology Invest- ment Banking at Goldman Sachs ; Kurt Roeloffs , former Chief Investment Officer at Deutsche Bank Real Estate ; and Bob White , Founder and President of Real Capital Analytics . The round also includes funding from two venture capital firms— Osage Venture Partners and Lead- ing Edge Ventures . “It’s very gratifying to see industry leaders and venture capitalists affirm ResiModel’s importance to the multifamily industry,” said Elliot Ver- mes , CEO of ResiModel. “This financing will allow us to man- age the rapid growth we have been experiencing, and take ResiModel to the next level.” ResiModel combines sophis- ticated data visualization and analytics tools with a supe- rior underwriting model that enables deal parties to gain deeper insight into potential investment opportunities and market comps. The platform allows users to aggregate and mine disparate data from rent rolls and operating statements in a consistent, instantly us- able format that can be easily shared from seller to broker, broker to buyer, and buyer to lender. ResiModel’s new investors join prominent existing in- vestors such as Ryan Slack, former Chief Executive Officer at PropertyShark; Camber Creek, an early-stage venture capital fund and strategic real
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