Doorvest Acquires Getaway, Expanding Real Estate Investing Platform

Author

Slice of Real Estate Team
September 12, 2024

Key Highlights:

  • Doorvest acquires PropTech company Getaway, integrating its financing products.

  • Combined platform offers end-to-end real estate investing, from sourcing to managing properties.

  • Merger accelerates launch of Doorvest’s lending product, enhancing financial security for customers.

  • The acquisition expands Doorvest's reach to over 34,000 Getaway investors.

Source (Business Wire)

Notable Quotes:

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"These products have armed real estate investors with the tools to expand their portfolios and we're eager to offer this to current and future Doorvest customers."

Andrew Luong, CEO and Co-founder at Doorvest
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"Combining forces with Doorvest allows us to expand our impact, offering a broader range of solutions to help more people diversify into real estate."

Ali Nichols, CEO and Co-founder at Getaway

Our Take:

This acquisition positions Doorvest to become a dominant player in real estate investing by combining its all-in-one platform with Getaway’s innovative financing solutions. The integration of these tools will greatly enhance the user experience, making real estate investment more accessible and streamlined. For busy professionals looking to diversify their portfolios, the expanded offerings will provide a comprehensive solution, further advancing the trend towards digital-first PropTech services in the investment space. With this move, Doorvest is also setting a strong precedent in PropTech 3.0, helping to shape the future of real estate investing.